Displaying items by tag: China National Building Material

Saudi Arabia: China National Building Material (CNBM) subsidiary Sinoma CDI has won a US$6m contract to upgrade cement and raw materials conveyors at Riyadh Cement Company’s Riyadh cement plant. The producer has opted for elevator conveyors for mechanical transportation, in place of its existing pneumatic conveyors. It expects this to increase energy efficiency and reduce necessary maintenance. The project is due for delivery in early 2025.

Riyadh Cement Company CEO Shoeil Al-Ayed said that the project aligns with the producer’s strategic energy reduction initiatives.

Saudi Arabia: Yamama Cement has hired China National Building Material subsidiary Sinoma Overseas Development to upgrade a production line it is moving from its old plant site south of Riyadh to its new site at Northern Halal in Al-Kharj governorate. The 10,000t/day line will be enhanced to a 12,500t/day line as part of the project. Sinoma Overseas Development general manager Yang Lei re-emphasised the company’s commitment to leveraging its technical strengths in both of its on-going projects with Yamama Cement.

The cement company commissioned two production lines supplied by Germany-based ThyssenKrupp with a total production capacity of 20,000t/day in late 2022 at its new plant location to the east of Riyadh. Once the production line from the older Riyadh plant has been moved and upgraded, the Northern Halal plant is expected to have a production capacity of 32,500t/day. Yamama Cement previously shut down five of its older production lines at the Riyadh site in 2017 before saying it was going to sell them in 2019.

Saudi Arabia: Sinoma CDI says that it has won a contract with Eastern Province Cement for the construction of a new 10,000t/day line at the producer’s 3.5Mt/yr Al Khursaniyah cement plant. The new line will more than double the plant’s capacity to 7.15Mt/yr and cost US$271m, according to Mist News.

China: China National Building Material (CNBM) has divested control of Qilianshan Cement to China Communications Construction (CCC) and China Urban-Rural Holding Group as part of an asset restructuring agreement agreed in May 2022. Following the transaction CCC holds an 85% equity interest in Qilianshan Cement and China Urban-Rural controls the remaining 15% portion.

As part of the asset swap agreement CNBM arranged to take control of companies including Southwest Municipal Engineering Design and Research Institute of China, China Northeast Municipal Engineering Design & Research Institute and CCCC Highway Consultants. In a statement CNBM said it no longer had control of the board of directors of Qilianshan and that both it and Qilianshan Cement were no longer its subsidiaries.

Belgium: China National Building Material subsidiary Sinoma International Engineering won a contract to build a new clinker line for Holcim Belgique on 8 December 2023. Yicai Global News has reported that Sinoma International Engineering will design the line, supply its mechanical and electrical equipment, procure steel structures and provide technical services under a contract worth Euro218m. The supplier expects to commission the line within 38 months of commencement of the project.

Holcim Belgique operates the 1.7Mt/yr Obourg cement plant in Mons. The plant is upgrading to net zero CO₂ cement production under the GO4ZERO project, as part of which Holcim Belgique previously announced plans to install a new kiln in the place of the plant’s existing ones.

China: China National Building Material (CNBM) plans to rearrange shareholding in Sinoma Cement between its subsidiaries. On 4 December 2023, fellow CNBM subsidiary Sinoma International Engineering agreed to buy US$174m-worth of shares in Sinoma Cement. Upon completion of this, Sinoma International Engineering and New Tianshan Cement will together buy US$975m-worth of shares. Following these subscriptions, Sinoma Cement’s share capital will rise by 67%, to US$436m. New Tianshan Cement’s total stake in the company will be 60%.

The group’s first-half 2023 interim report recorded Sinoma Cement as a 100% subsidiary of New Tianshan Cement.

Malaysia: Cahya Mata Sarawak has appointed China-based Sinoma Industry Engineering to provide technical consultancy services for an expansion and upgrade at its Kuching cement plant. Bernama Daily Malaysian News has reported that Sinoma Industry Engineering will help the producer to upgrade the plant’s 1Mt/yr Line 1 and build its planned 1.9Mt/yr Line 2.

China: China National Building Material (CNBM) says that its subsidiary Gansu Qilianshan Cement has issued shares. Reuters has reported that CNBM stated the reason for the issuance is ‘asset acquisition’ as part of the group’s on-going restructuring.

China: Xinjiang Tianshan Cement, a subsidiary of China National Building Material (CNBM), recorded sales of US$3.68bn during the third quarter of 2023. This corresponds to a 19% year-on-year rise compared to third-quarter 2022 levels. Reuters has reported that Xinjiang Tianshan Cement’s net loss was US$12.4m, while in the corresponding quarter of 2022 it recorded a profit of US$78.3m.

China: China National Building Material (CNBM) has warned of an anticipated year-on-year decline in its profit during the first nine months of 2023. Reuters has reported that the group forecast a drop of 70% from nine-month 2022 levels. Declining cement prices contributed to the anticipated drop.