Sinoma International Engineering grows value of new projects by 9% to US$5.3bn in 2020

Print this page

China: Sinoma (CNBM) International Engineering’s value of new projects grew by 9% year-on-year to US$5.3bn in 2020. Most of these projects came from growth in its construction business segment. However, new project value from its equipment manufacturing business fell by 5% to US$629m. By region, domestic new project value decreased by 3% to US$2.1bn but overseas new project value rose by 19% to US$3.2bn. The engineering company and member of CNBM group also reported that its US$480m project to build a 5000t/day clinker production line in Zambia for Central African Cement remains in the financing stage. The project was originally announced in late 2018.

Last modified on 20 January 2021

URL: https://www.globalcement.com/news/item/11874-sinoma-international-engineering-grows-value-of-new-projects-by-9-to-us-5-3bn-in-2020

© 2021 Pro Global Media Ltd. All rights reserved.