Cement News tagged under: CNBM Group
CNBM begins restructuring cement business05 March 2021, Published under Cement NewsChina National Building Materials (CNBM) has begun restructuring its cement business and has subsequently sold China United Cement, Sinoma Cement, as well as a 99.9 per cent stake in South Cement and a 95.7 per cent stake in Southwest Cement, to its Xinjiang Tianshan Cement subsidiary for a total consideration of CNY88.25bn (US$13.64bn). Tianshan Cement will issue 442,343,026 consideration shares for the amount, alongside a cash consideration of CNY3.97bn. CNBM will have an 87.5 per cent... |
CNBM and Fives seal collaboration agreement04 February 2019, Published under Cement NewsCNBM and Fives have defined an agreement for areas of collaboration to benefit from either company's expertise or technologies. The parties will together explore a range of international projects, including plant upgrades and expansions as well as new plants, to implement Fives technologies, such as the FCB Horomill ® grinding system, FCB Pyro-line and Pillard burners, to reach the highest level of energy efficiency, emission controls and product quality. By partnering with Fives, CNBM, th... |
Zambia starts work on new 1Mta cement plant30 July 2018, Published under Cement NewsZambia's President, Edgar Lungu, has officially launched China National Building Materials' (CNBM) cement plant in Chongew Mapande Industrial Park, Zambia. The project will be undertaken in two phases, creating over 400 direct jobs and a further 2500 jobs for Zambians once fully operational. "The first phase which is being commissioned today has a total investment of US$200m and consists of 1Mt cement production line per year, a 60m pan brick production line, a 200,000Mm 3 of pr... |
FLSmidth and CNBM sign framework agreement19 July 2018, Published under Cement NewsFLSmidth and China National Building Material (CNBM) have signed a framework agreement to offer the cement industry more competitive plant solutions. Song Zhiping, chairman of CNBM Group, and Thomas Schulz, Group CEO of FLSmidth, signed the framework agreement at a high-level meeting at the FLSmidth headquarters in Denmark this week. "It was a pleasure to welcome the guests and to participate in such collaborative discussions about future opportunities to work together. Through this framew... |
CNBM joins World Cement Association16 November 2017, Published under Cement NewsThe World Cement Association has announced that China National Building Materials Group (CNBM), has joined its international membership. "We are delighted to welcome CNBM to our global cement community, and look forward to working with them and our other members to improve best practice and promote the cement industry around the globe," said Norman Greig, Secretary General of the World Cement Association. "We are also particularly honoured that Mr Song Zhiping, Chairman of CNBM, has ag... |
CNBM moves closer to full integration of 15 listed subsidiaries11 October 2017, Published under Cement NewsChina National Building Materials Group Corp is moving closer to full integration with talks ongoing to integrate some of CNBM 15 subsidiaries listed both at home and abroad. Among the 15 publicly-traded companies, three are listed overseas. The move follows the announcement in September of a merger between CNBM Group and China National Materials Group Corp (also known as Sinoma), another state-owned building materials giant. According to a statement jointly released by the two companies e... |
China: CNBM Group can begin acquisition of Sinoma23 August 2016, Published under Cement NewsChina National Building Materials Group Corp (CNBM) has begun preparations to acquire China National Materials Corp (Sinoma), after an agreement between the two companies was approved by the government, the country's state assets regulator said. President Xi Jinping is determined to restructure the state sector to creating globally-competitive multinationals in a process of mergers, asset swaps and management reforms. The CNBM deal was given the go-ahead by the State Council, China's cabin... |
Russia: CNBM to buy shares in Eurocement27 June 2016, Published under Cement NewsChina National Building Materials Group Corporation (CNBM) plans to become a shareholder of Russian cement producer Eurocement Group, the latter company said in a statement Monday. The companies signed an agreement on cooperation in production of construction materials. “The Chinese corporation plans to enter the shareholder equity of Eurocement Group in order to implement the investment projects we have announced,” the Russian company said. The companies agreed to upgrade Eurocement’s ... |
CNBM to issue CNY1.5bn 365-day bills08 April 2016, Published under Cement NewsChina National Building Material Co Ltd (CNBM) has announced that it will issue CNY1.50bn(US$232m) unsecured super-short-term bills with a maturity of 365 days on the interbank market on 11 April. The corporation said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 12 April, and the to-be-issued bills tradable on 13 April. China Lianhe Credit Rating Co Ltd has ... |
Tanzania: CNBM and FLSmidth sign MoU for Mamba Cement plant13 August 2015, Published under Cement NewsCNBM International Engineering Co Ltd, China, together with FLSmidth Pvt Ltd, India, as the sole technology partner has signed a Memorandum of Understanding with Mamba Cement Company Ltd, Tanzania, for the engineering, supply and construction of a 3000tpd greenfield cement plant in Bagamoyo, Tanzania, on a turnkey basis. The new plant project of Mamba Cement Company is expected to take 30 months to build and start operations. CNBM International Engineering Co Ltd, China is currently wo... |