Cement News tagged under: Sinoma

RSS feed

Algeria: New integrated plant to produce oil well cement

02 November 2016, Published under Cement News

Algeria's Minister of Industry and Mines, Abdessalem Bouchouareb, has stated that a planned 1.5Mta integrated plant being built by STG Engineering and Real Estate Development will be operational by 1Q17, Radio Algérienne reports. As originally announced, the plant had been scheduled to begin production in 2016, but construction on the project did not begin until February of this year. Built at a cost of DZD21bn (US$190m) in Timokten commune in the south's Adrar province, the plant will...

China: Gansu Qilianshan Cement 9M16 net profit up 223%

24 October 2016, Published under Cement News

Gansu Qilianshan Cement Group Co Ltd, a subsidiary of Sinoma, reported a net profit hike of 223.3 per cent YoY to CNY204m for the first nine months of 2016.

China National Building Materials (CNBM)

27 September 2016, Published under Cement News

China National Building Materials (CNBM) group’s merger with China National Materials (Sinoma) group has been approved. An official merger ceremony was held in Beijing at the end of last month. According to Cao Jianglin, president of CNBM, the new company will have total assets of about CNY550bn (US$83.4bn) with annual revenue of approximately CNY300bn and 250,000 employees. Despite CNBM seeing revenue fall by nine per cent YoY in the January-June period this year, observers say that Augu...

Sinoma sells Midong Tianshan and Fukang Tianshan stakes

23 September 2016, Published under Cement News

China National Materials Company (Sinoma) said its subsidiary Xinjiang Tianshan Cement recently carried out an equity transfer framework agreement. A 64.56 per cent stake in Xinjiang Midong Tianshan Cement and the entire equity interest in Xinjiang Fukang Tianshan Cement, both held by Tianshan Cement, as well as the 19.39 per cent stake in Midong Tianshan held by Xinjiang Tunhe Cement are to be under consideration for acquisition with Zhongtai Chemical. Sinoma added the equity transfer ...

New 1.5Mta cement plant for Mali

19 September 2016, Published under Cement News

Mali's government and Gaia Equity Ltd have signed on 16 September a memorandum of understanding and an establishment agreement for the construction of a 1.5Mta cement plant in the country. The CFA200bn (US$330m) works will be built Guimbané, Diéma, in the Kayes region. The new plant is part of the government’s efforts to establish an industrial base in the country, according to the Minister of Industrial Development, Mohamed Aly Ag Ibrahim. “… it is a realisation of part of the vision of t...

China: CNBM Group can begin acquisition of Sinoma

23 August 2016, Published under Cement News

China 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...

Algeria: CILAS clinker line successfully commissioned

12 July 2016, Published under Cement News

Algeria's CILAS saw the successful start-up of its new clinker production line with the ignition of the kiln on 10 July 2016, 11 days ahead of schedule, in the presence of Didier Michel, representing CILAS' parent company LafargeHolcim, and Wang Hui of contractor CBMI. Both companies expressed their thanks and appreciation for the work completed and the teamwork shown. Algeria Spa CILAS awarded the EPC contract for a new 5000tpd line on 28 April 2014 to CBMI. The contract’s scope range...

Algeria: GICA to build cement plants

01 June 2016, Published under Cement News

GICA signed two agreements on Tuesday in Algiers with Chinese equipment manufacturer CBMI (a subsidiary of Sinoma) to build a new cement plant in Bechar and extend the plant in Zahana (Mascara). Owned by GICA subsidiary Saoura Cement Co, the new plant in Bechar will have a capacity of 1Mta and is expected to start production in 2018. Zahana cement plant currently has a production capacity of 1Mta, which will increase the plant capacity 2.5Mta. Work on the extension of this plant is schedu...

Zimbabwe: Dangote investment

16 May 2016, Published under Cement News

Nigerian billionaire Aliko Dangote has said he will not rescind on the decision to invest in Zimbabwe, despite negative reports concerning the country’s economy. Mr Dangote said in an interview that he currently has a team in Zimbabwe finalising logistics and making preparations to begin operations. His conglomerate intends to set up a cement manufacturing plant capable of producing 1.5Mt per year, whilst also investing in power generation and coal mining. Mr Dangote has already secured th...

Sinoma signs contract with Egypt's South Valley Cement

01 February 2016, Published under Cement News

Egypt-based South Valley Cement Co has signed an EPC contract for a grinding unit with Chinese firm Sinoma CDI, to enable its plant to use petcoke, with a grinding capacity of 50tph. Under the US$19.5m contract, the Chinese firm will also supply spare parts for two years, the company said in a bourse statement.