China National Materials Co. Ltd (Sinoma), one of the country’s leading cement equipment and engineering services providers, announced that its construction subsidiary has inked a EUR167m contract with Lafarge SA to build a cement production line in western Ukraine.
The line, which is located in Mykolaiv, western Ukarine, is designed to have a daily capacity of 5,000 tons of clinker cement. Under the contract, the Chinese company will be responsible of designing and constructing the production line, which is scheduled to be operational within 30 months.
The Hong Kong-listed company said earlier its net profit for the first half of this year amounted to RMB 295m, representing a significant growth of 75.5% over the corresponding period of last year. Its turnover during the reporting period rose 26.8% year-on-year to RMB 10.9 billion.