Displaying items by tag: Sinoma

China: China National Building Material’s (CNBM) shareholders have approved a merger agreement between the company and China National Materials (Sinoma) at an extraordinary general meeting. The two companies formerly entered into a merger agreement in September 2017. The South Korean Fair Trade Commission approved the pending merger in early November 2017.

Tanzania: Industry, Trade and Investment minister Charles Mwijage says that senior officials from the Treasury and Tanzania Investment Centre (TIC) are finalising talks with China’s Sinoma and Hengya Cement about building a US$1bn cement plant in the Mkinga District, Tanga Region. The discussions are focusing on incentives to be offered to the investors and the location of a jetty, according to the Citizen newspaper. The plant will have an initial cement production capacity of 2.5Mt/yr with an eventual target of 7Mt/yr following further investment. Future plans also include generating 1200MW of electricity at the site. The overall cost of the expanded project is forecast to be US$2bn.

Bulgaria/China: Sinoma has won the Luban Prize for its work on the Devnya Cement Plant in Bulgaria. The company won the award for building a 4000t/day clinker production line at the site operated by Italcementi and now owned by HeidelbergCement. The Luban Prize, initiated in 1987, is an award for quality in Chinese construction projects.

South Korea: The South Korean Fair Trade Commission has approved the pending merger of China National Building Material (CNBM) and China National Materials (Sinoma). CNBM and Sinoma formerly entered into a merger agreement in September 2017.

Egypt: Loesche is supplying three vertical roller mills for the Egyptian Cement plant at Sohag. The scope of delivery includes a raw material mill with a capacity of 540t/hr of cement raw meal, a cement mill with an output of 350t/hr as well as a coal mill with an output of 45t/hr. The cement mill is equipped with a COPE (Compact Planetary Electric Drive) drive.

Sinoma subsidiary, the Chinese Chengdu Design & Research Institute (CDI), is the general contractor for the project. Loesche and CDI have worked together previously on projects in Egypt including ones for El Arish Cement and Beni Suef Cement.

China: China National Building Material (CNBM) and China National Materials Company (Sinoma) have entered into a merger agreement. The exchange ratio has been set at 1 Sinoma share to exchange for 0.85 CNBM share. After the merger is completed Sinoma will be absorbed into CNBM. Merger preparations for the two state-owned companies have been on going since mid-2016 when the Assets Supervision and Administration Commission announced the move.

CNBM is the largest cement company in the country with a reported total production capacity of around 409Mt/yr. Sinoma is a cement engineering company and the fourth largest cement producer in China with a total production capacity of approximately 112Mt/yr. The merger is part of the government’s plans to consolidate production domestically and refocus its industries internationally as part of the ‘One Belt, One Road’ initiative.

Uganda: China National Materials Group (Sinoma) has signed an agreement with Tian Tang Group to build a US$500m cement plant at the Mbale Industrial Park. The project is part of a wider investment package to develop the site, according to the Daily Monitor newspaper. Sinoma requires assurances from the government that the site has sufficient reserves of limestone and a research trip has been scheduled for August 2017 to survey the proposed location of the plant.

Angola: Nova Cimangola has inaugurated a new 2.4Mt/yr cement plant at Cacuaco in Luanda. China’s Sinoma International Engineering built the US$400m plant in 21 months, according to the Jornal de Angola newspaper. Investment for the project came from Nova Cimangola and Ciminvest, its main shareholder.

The new unit is intended to repalace Nova Cimangola’s existing cement plant at Kikolo near Luanda, which has limited limestone reserves. The new plant occupies an area of 700 hectares with larger mineral reserves. Following the start-up of the plant Nova Cimangola’s production will rise to 3.6Mt/yr from 1.8Mt/yr. The new plant will also create 200 jobs, 85% of which are expected to go to local workers.

Sri Lanka: A leaked letter from investment body the Agency for Development has revealed Chinese state pressure towards a tender for building a new cement grinding plant in the Hambantota investment zone. In the letter, reported upon by the News First television network, the head of the agency states that the Chinese Embassy asked that a Chinese investor, Sinoma Nanjing, be given priority for the project otherwise it would ‘lose confidence’ in the scheme. He added that the Chinese investors would pull out if other investors were also allowed to produce cement in the zone. The letter also reveals that the agency has proposed that Sinoma Nanjing form a joint venture with Ceylon Steel Corporation.

Iraq: Germany’s Man Diesel & Turbo has delivered six Man 18V32/40 engines, including gensets and mechanical equipment to CGGC-UN Power Co (Gezhouba Group) in Samawah. CGGC is acting as the engineering, procurement and construction (EPC) contractor in a project building a 50MW captive power plant for a cement plant to be operated by Kairat Al Abar Iraqi (KAAI). The engines will run on heavy fuel oil (HFO) in base load mode. The cement plant is being built by China’s Sinoma.