China National Building Materials (CNBM) - March 2019
China National Building Materials (CNBM) has reported consolidated operating revenue of CNY218bn (US$32.39bn) in 2018, up 18.9 per cent YoY. Profit for the year came in at CNY14m, compared to CNY9.79m in 2017, while basic earnings per share advanced by 63.3 per cent YoY to CNY0.956.
Last year saw sales of cement and clinker by the group fall by 2.1 per cent YoY to 369Mt, while sales of commercial concrete advanced by 3.7 per cent to 96Mm3. Sales volumes of aggregates increased by 14.7 per cent YoY to 35.28Mt, while gypsum board sales were up 2.6 per cent to 1869Mm2 and sales volumes of glass fibre grew by 11 per cent to 2.18Mt.
In the cement segment, South Cement reported cement sales in 2018 of 96.6Mt, followed by Southwest Cement (90Mt), China United Cement (52.4Mt), Sinoma Cement (20.57Mt), Qilianshan (18.85Mt), Tianshan Cement (15.42Mt), North Cement (14.52Mt) and Ningxia Building Materials (12.74Mt).
Meanwhile, in the Democratic Republic of Congo, CNBM’s Sinoma Overseas Development Co is seeking funds for the construction of a cement plant in Tanganyika. In January this year the company signed an EPC contract with Interlaces SA for a 3500tpd plant. Belgium-based Groupe Forrest International SA is believed to be supplying the technologies and services for the kiln plus the waste heat recovery facility for the new project.
