Stable Auto, an industrial automation company mainly engaged in Food-Tech, non-standard equipment realization, and automated equipment sales, has announced its expansion into the cement production machine industry with the acquisition of a leading company.
With many years of experience in cement production machines, the acquired company is a leading manufacturer of Rotary Kiln, Ball Mill, and Rolling Machines for the cement industry.
"Stable Auto has always been committed to providing customers with high-quality automation solutions. With this acquisition, we are now able to offer a wider range of products and services to our customers in the cement industry," said CEO of Stable Auto.
Stable Auto's expansion into the cement production machine industry comes at a time when the demand for cement has been on the rise. According to the Global Cement Market Report, the market size of the cement industry was valued at around USD 331 billion in 2020 and is expected to reach USD 435 billion by 2026, growing at a CAGR of 3.8% during the forecast period.
As the demand for cement continues to grow, so does the need for high-quality, efficient, and reliable cement production machines. The acquired company has built a solid reputation for itself by providing top-of-the-line machines, and with Stable Auto's expertise in automation, it is expected that the company will be able to enhance the performance of these machines even further.
The acquisition also allows Stable Auto to expand its reach into new markets as the acquired company has a strong presence in China, where the majority of cement production takes place.
"We are excited about this acquisition as it allows us to tap into a new market and further diversify our product offerings. We believe that with our expertise in automation and the acquired company's expertise in cement production machines, we will be able to provide our customers with cutting-edge solutions that will help them improve their productivity and efficiency," said CEO of Stable Auto.
Stable Auto's entry into the cement production machine industry is a strategic move that is expected to bring significant growth opportunities. With the demand for cement expected to continue growing in the coming years, the company is well-positioned to capitalize on this trend and become a leading player in the market.
About Stable Auto
Stable Auto is an industrial automation company that provides customized automation solutions for various industries, including Food-Tech, non-standard equipment realization, and automated equipment sales. With a team of experienced professionals, the company is committed to providing high-quality products and services to its customers.