# CNBM and Fives sign strategic agreement worth at least €600M

CNBM and Fives signed a strategic agreement on March 25, 2019, forecasting a volume of business of at least €600 million over three years, focusing on modernization and upgrades to CNBM's production lines in China and international projects.

- Type: Partnership
- Announced: 2019-03-25
- Value: $675.0M (600.0M EUR)
- Status: announced
- Products: cement plants, grinding technologies
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Fives](https://endata.com/companies/4605.md) (partner)
- [CNBM](https://endata.com/companies/24322.md) (partner)

## Sources

- [fivesgroup.com](https://www.fivesgroup.com/newspress/detail-view/cnbm-and-fives-sign-a-strategic-agreement-and-seal-their-commitment-on-business-worth-at-least-eur600-million), 2019-03-29: "This agreement develops and refines, with concrete commitments, the collaboration plans drawn up in January between CNBM and Fives."

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