Cement News tagged under: CNBM
Xinjiang Tianshan set to acquire six CNBM subsidiaries28 July 2020, Published under Cement NewsXinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to a filing to the Shenzhen Stock Exchange. To complete the deal, Tianshan suspended trading of its shares on the Shenzhen Stock Exchange Monday for a period of no more than 10 days. CNBM with a cement capacity of more than 500Mta has been the largest indirect shareholder of Xinjiang Tianshan Cement Co since 2018, when... |
MoU signing for 0.5Mta Cimenterie Industrielle de Kribi plant31 October 2019, Published under Cement NewsOscar Minko, managing director of Cimenterie Industrielle de Kribi (Cmikri) Sarl, and the Chinese consortium China National Building Material Co Ltd (Sinoma/Afcham) have signed a memorandum of understanding (MoU) in Yaoundé, for the construction of a cement plant in the Kribi industrial port complex. Once completed, the average yearly distribution capacity of this plant will be 0.5Mta, expandable to 1.5Mta. The project requires the installation of an 18,000t silo for clinker and a 4000t sil... |
CNBM expects demand to increase in the 2H1927 August 2019, Published under Cement NewsChina’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 plant13 March 2019, Published under Cement NewsCNBM’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 Georgia18 February 2019, Published under Cement NewsBeijing 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 1H1827 August 2018, Published under Cement NewsCNBM’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 members11 May 2018, Published under Cement NewsSong 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 Group05 March 2018, Published under Cement NewsFLSmidth 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 operation12 October 2017, Published under Cement NewsArabian 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 Cement02 June 2017, Published under Cement NewsChina 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... |