Cement News tagged under: Southwest Cement

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China National Building Materials (CNBM)

31 July 2019, Published under Cement News

CNBM and Fives FCB have signed a cooperation agreement related to the Paris Agreement regarding climate change and the modernisation of CNBM’s installations. Under the agreement, Fives FCB will supply its Horomill® grinding technology for CNBM’s overseas and domestic projects, such as Zhonglian Cement and Southwest Cement. The Horomill technology is designed to considerably decrease the power consumption and CO 2 emissions of plants, as well as allowing for the production of a higher and mo...

CNBM adds 18.7% stake in Southwest Cement

21 June 2018, Published under Cement News

China National Building Material (CNBM) said it agreed to purchase a 18.7 per cent equity interest in Southwest Cement Co from Zhonghai Trust Co Ltd for CNY1918m (US$295.1m). The acquisition would increase CNBM’s stake from 70 per cent to 88.7 per cent. It would strengthen CNBM’s bottom line, quality asset management and improve return on investment as the southwestern China market continues to improve as a result of supply-side structural reforms.