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

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

Written by Global Cement staff 19 January 2021
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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
Published in Global Cement News
Tagged under
  • China
  • Sinoma International Engineering
  • Results
  • Zambia
  • Plant
  • GCW489

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