Cement News tagged under: Sinoma
Sinoma battled desert in fast-build Beni Suef project30 August 2018, Published under Cement NewsThe government-owned Al-Arish Cement plant is located just outside Beni Suef, where six cement production lines now sit side by side id due in large part to the endeavours of China National Materials Group (CNMG - part of Sinoma group) that erected the 6000tpd plant in just two years. "It is the biggest cement plant in the world to be built all at one time and in one place," said Wu Yong project manager at CNMG. "The schedule was really tight for us. "We signed the contract on 1 June 2016... |
Ibeto Group completes planning stages of two new plants16 July 2018, Published under Cement NewsNigeria’s Ibeto Group has announced that its project with Sinoma to construct two cement plants in Nkalagu and Effium, Ebonyi State, has concluded the planning stages. The first factory will be situated adjacent to Nigerian Cement Co’s Nkalagu plant and have a 9000tpd capacity, according to Cletus Ibeto, CEO, Ibeto Group. "We are not going to remove anything from the old plant but set up the new one beside the moribund factory," said Mr Ibeto. "We will also commence another plant in Effi... |
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... |
PPC26 April 2018, Published under Cement NewsPPC is reportedly in talks with China National Materials Co (Sinoma) over the sale of a majority stake in PPC’s operations in the Democratic Republic of Congo. Over the last five years, PPC has invested ZAR12bn (US$995m) in new capacity, taking the company into Ethiopia as well as the Democratic Republic of Congo. However, an oversupply of cement in Congo has led to what PPC describes as a “challenging” time in the country, forcing it to negotiate a debt holiday with lenders. It is now lo... |
China National Building Materials (CNBM)26 April 2018, Published under Cement NewsChina National Building Materials (CNBM) is set to conclude its merger with China National Materials (Sinoma) in the first week of May this year. The deal received final shareholder approval in December 2017. CNBM is expected to update its business registration at the Beijing Municipal Administration of Industry and Commerce soon after the transaction is completed. The merger brings together China’s leading cement producer and equipment manufacturer, forming the world’s largest cement pl... |
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 ... |