Cement News tagged under: CNBM

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CNBM expects demand to increase in the 2H19

27 August 2019, Published under Cement News

China’s CNBM is expecting domestic cement demand in the 2H19 to increase from the first half, alongside pricing improvements compared to the previous year, due to the traditional peak construction season being in the second half, according to Cao Jianglin, chairman. When asked about the potential impact of trade wars on the company business, Mr Jianglin noted that he foresaw a limited impact on the export business due to its internationalisation and factories located in the US, reports AA ...

Sinoma reportedly seeking finance for new DR Congo plant

13 March 2019, Published under Cement News

CNBM’s Sinoma Overseas Development Co is reportedly seeking project finance for a cement plant in Tanganyika, Democratic Republic of Congo. In January the company signed an EPC contract with Interlaces SA for a 3500tpd plant. The outlined project includes mining, three cement production lines, a biomass power station as well as packaging and delivery systems. According to Inside International Industrials, the project will be slightly larger than one completed by Sinoma International Enginee...

CNBM wins EPC contract in Georgia

18 February 2019, Published under Cement News

Beijing Triumph International Engineering Co Ltd, a branch of CNBM, has won an EPC contract to supply a cement facility for Georgia-based Mega Production. The company, formerly known as TbilCement Group, still has to secure funding for the 1500tpd project. Georgia’s Basis Bank signed a strategic partnership with China Development Bank (CDB) for loan offerings to Chinese projects in the country, with US$20m offered in 2016 and 2017. Due to the significance of these plans, both Basis Bank and...

CNBM reports strong pricing in 1H18

27 August 2018, Published under Cement News

CNBM’s Chairman, Cao Ganglin, reported that the average cement price over the first half of 2018 rose to RMB311/t in China. Speaking at a press conference, Cao said there was an upside trend for cement prices due to the current supportive demand-supply situation. Full-year demand is expected to stay stable.

CNBM appoints new board members

11 May 2018, Published under Cement News

Song Zhiping, chairman of the board of China National Building Material Co Ltd (CNBM), as well as Guo Chaomin and Xu Weibing, both directors of the board will step down from the board with effect from 13 June 2018, when the company’s annual general meeting takes place. The board of directors has thanked both directors for their service to the company. Resolutions for approval at the AGM have been proposed to approve the electdion of Peng Jianxin as executive director. In addition, Xu Weibi...

FLSmidth and CNBM to build 12,000tpd plant for ETHRB Group

05 March 2018, Published under Cement News

FLSmidth has announced the location of its most recent North African cement plant order. The Denmark-based turnkey provider will deliver a complete state-of-the-art cement plant for ETHRB Group located in Relizane, Algeria. The order includes engineering, equipment supply, construction supervision, commissioning and training. The EUR100m order is in part a result of the partnership between FLSmidth and Beijing Triumph International Engineering Co, part of the China National Building Mater...

Arabian Cement postpones Rabigh grinding operation

12 October 2017, Published under Cement News

Arabian Cement Co expects the commercial operation of the grinding unit at its Rabigh plant, Saudi Arabia, to start in the 3Q18, instead of the earlier-announced 4Q17. Construction on the project is still ongoing and according to a statement to the Saudi Stock Exchange, the delay is attributed to the contractor who does not commit to the scheduled deadline. The financial impact of the new facility is difficult to determine as it depends on supply and demand in the cement market, said the ...

Major shareholder offers to sell stake in China Shanshui Cement

02 June 2017, Published under Cement News

China Shanshui Cement Group Ltd said on Thursday that a major shareholder had offered to divest its 25 per cent stake in the company for around US$600m. China Shanshui Investment (CSI) has invited three other big shareholders to buy its holding for HKD5.50 (US$0.71)/share, the Hong Kong-listed cement maker said in a filing, although it added that there was no certainty that a deal would be done. CSI made its offer to sell to Taiwan's Asia Cement Corporation, China National Building Materi...

China: order and growth

06 March 2017, Published under Cement News

Following a drop in apparent cement consumption in 2015, China’s cement industry has been destocking ever since. As a result, the country’s cement market has started 2017 on a positive note with cement inventories reported to be decreasing. This resilience is supported by improved producer discipline, increased cooperation between top players and robust government investment in infrastructure and housing. By Addison Dai, DBS Vickers, Hong Kong. China’s cement plants, such as Heidelber...

China: consolidation on production capacity by 2020

10 October 2016, Published under Cement News

The China Cement Association (CCA) has advised that the merger of leading cement companies will likely concentrate the industry’s capacity, informing that government that by year end 2020 more than 60 per cent of production capacity would be controlled by the top 10 companies. President of the CCA, Qiao Longde, said, “there are too many cement enterprises, which makes it very hard to utilise resources effectively." The industry is experiencing low efficiency and fragmentation as most plan...