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China National Building Materials Group Corporation

China National Building Materials Group Corporation (CNBM), the biggest production-and-construction state-owned corporation in China, intends to become a shareholder of Eurocement Group holding, the Russian company announced.

The companies signed an agreement on cooperation in construction materials production in Beijing, the press release states.

The parties have agreed on modernizing the EUROCEMENT group cement-production facilities and the construction of new all-dry cement production lines at the facilities of the holding. The agreement also features the prefab construction, renewable energy sources, innovative construction materials (glass, brick, dry mixes, roofing, insulation and other materials) production projects implementation in the Russian Federation. For this, construction materials production industrial clusters will be set up in 7 federal districts based on the existing EUROCEMENT Group facilities.

CNBM will invest a total of $5 billion, according to the daily Kommersant.

27 June 2016
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China National Building Materials Group Corporation

China

Company's website: http://www.cnbm.com.cn/EN/

T: 86-10-68138199

Public company

Contact: Song Zhiping, Chairman of the Board

China National Building Materials Group Corporation is the biggest complex construction materials production corporation in China. It embraces 4 major portfolios: industry, technology development, equipment production, trade and logistics.

In 2014, it was the 267th in Fortune 500 list with $19,161 billion revenue and $ 4,48 billion (23%) EBITDA. The asset value is estimated to equal $ 49,7 billion. The annual cement production capacity is 400 million tons.

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