Cement News tagged under: Sinoma
Sinoma to build 5000tpd Salavat plant26 April 2018, Published under Cement NewsA cement plant worth almost RUB12bn (US$194m) will be built in the Russian Republic of Bashkiria, RBC news agency reported on Tuesday. The clinker capacity of the plant will be 5000tpd. Prominvest, a company specialising in the production of cement, acts as an investor of the project, which has become one of the priority projects in the Salavat region. Following the visit of the Bashkir delegation to China, an agreement was reached on the participation of Sinoma Group for the new plant.... |
New 7Mta cement facility planned in Tanzania06 December 2017, Published under Cement NewsTanzania is expected to see the construction of a new 7Mta cement plant as part of a two-phase US$2.35bn Chinese investment over 10 years that will also include the building of a coal-fired power station. Some US$1bn will be invested in a new cement works in the first five years of the initiative, according to the Tanzania Investment Centre (TIC). Sinoma and Hengya Cement’s new plant is expected to raise capacity in the country to 17.8Mt. Tanzania’s government expects to earn at least US... |
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 National Building Materials (CNBM)25 September 2017, Published under Cement NewsChina National Building Materials (CNBM) has said that its merger with China National Materials Group Corp (Sinoma) will be finalised by the end of this year. The merger process began back in August 2016 when the deal was approved by the Chinese State Council. Recent weeks have seen nine subsidiaries of the two groups suspend trading, fuelling speculation that the merger is being accelerated. CNBM hopes to use the merger to cut debt by increasing operation cash flow and decreasing capital... |
CNBM & Sinoma merger could complete by year-end12 September 2017, Published under Cement NewsChina National Building Material Group Co (CNBM) said that it will complete merging with China National Materials Group Corp (Sinoma) by December or early next year. The announcement came after nine subsidiaries of the two groups suspended trading last week. Various media outlets, quoting business insiders, indicated they were accelerating the merger. The merger was first unveiled in August last year after the State Council, or China’s Cabinet, approved the deal. The exchange ratio has ... |
Ugandan government supports new cement plant01 August 2017, Published under Cement NewsChina National Materials Group (Sinoma) is seeking to invest UGX1.8tr (USD500m) in a new cement factory to be located at Mbale Industrial Park in eastern Uganda, 225km from Kampala. Details of the new plant have not been released and final approval will depend on the company securing the limestone deposit to supply the factory. A Ugandan government delegation visited Beijing in July and confirmed its support for the project. “We will provide land, licence for limestone and other incen... |
Sinoma anticipates substantial rise in interim net profit05 July 2017, Published under Cement NewsChina National Materials Company (Sinoma) said it expects the net profit attributable to the shareholders of the parent company for the six months ended 30 June 2017 to record a substantial increase as compared to the same period of last year. Such expected growth is mainly attributable to the increase in the prices and sales volume of cement. Its interim results announcement is expected to be published before the end of August, ET News reports. |
Zimbabwe: President Mugabe opens PPC cement grinding plant in Harare30 March 2017, Published under Cement NewsPPC's US$85m cement 0.7Mta grinding plant at Msasa, Harare, has been officially opened by President Robert Mugabe. The plant is PPC’s third production site in the country. The facility features a cement ball mill with dynamic separator and road and rail off-loading facilities. This is in positioning PPC to meet local demand, as well as boost the country’s ability to export to the region. The PPC's collective capacity now stands at 1.4Mta, allowing the firm to export further to its neig... |
Pakistan: Bestway Cement awards Sinoma brownfield project02 March 2017, Published under Cement NewsBestway Cement Ltd informed the Pakistan Stock Exchange that it will set up a brownfield cement plant with a capacity of 6000tpd clinker at its Farooqia site in District Haripur, Khyber Pakhtunkhwa, in northern Pakistan. According to Sehar Hussain, secretary and general counsel of the company, Bestway Cement signed an agreement with Sinoma International Engineering Co Ltd on 1 March 2017. According to the APCMA, Bestway Cement’s four plants have a combined capacity of 7.9Mta. |
Pakistan: Pioneer Cement inks agreements with Sinoma-Chengdu09 February 2017, Published under Cement NewsPioneer Cement Ltd (PIOC) informed Pakistan Stock Exchange (PSX) that it has signed a contract with Sinoma-Chengdu of China for procurement of its new cement works, a 12MW waste heat recovery power unit and a 24MW coal-fired power plant. PIOC has cement production capacity of over 2Mta but has operated at a meager 60 per cent utilisation level (FY12-FY16), despite local industry demand witnessing robust growth, says a local research house. This has been a result of lower crushing capacit... |