China National Building Materials (CNBM) - April 2019

On 25 March CNBM and Fives signed a “Strategic Agreement towards Climate Change & Cooperation in Third Countries”, further refining the plans drawn up by the two companies in January this year. The agreement reportedly forecasts at least EUR600m of business over the next three years and forms part of CNBM’s strategy of development partnerships with western companies.

Under the agreement, CNBM and Fives plan to combine their expertise and technologies to create modern, high-performance plants that reduce their environmental impact by delivering energy efficiency, reducing CO2 emissions and with no water consumption. To this end, the companies have created a Joint Engineering Center in Shanghai to develop and promote the best technologies.