# CNBM to acquire SINOMA in merger of Chinese building materials giants

China National Building Materials Group Corp (CNBM) will acquire all shares of China National Materials Group Corp (SINOMA), creating China's largest nonmetal materials manufacturer with total assets of over 550 billion yuan ($84.32 billion). The merger was announced last year and approved by SASAC.

- Type: Acquisition
- Announced: 2017-09-13
- Where: China
- Status: announced
- Products: cement, glass, lightweight building materials, glass fiber, nonmetal materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Materials Group Corp](https://endata.com/companies/22561.md) (acquirer)
- [China National Materials Group Corporation](https://endata.com/companies/22633.md) (target)

## Sources

- [chinadaily.com.cn](https://www.chinadaily.com.cn/a/201709/14/WS59bb4106a310d4d9ab7e19ac.html), 2017-09-13: "The upcoming merger between two State-owned building materials manufacturers will give the new entity a clear edge, especially in the cement business, over other global peers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.