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

China National Building Material Company (CNBM) and Fives signed a strategic agreement covering at least €600 million in business over three years, focusing on upgrading CNBM's cement plants in China, building new plants outside China, and creating a Joint Engineering Centre in Shanghai.

- Type: Partnership
- Announced: 2019-04-01
- Where: Paris, France (signing); Shanghai, China (Joint Engineering Centre), China
- Value: $672.0M (600.0M EUR)
- Status: announced
- Products: cement plant equipment, grinding technologies
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Fives](https://endata.com/companies/4605.md) (partner)
- [China National Building Material Group](https://endata.com/companies/20207.md) (partner)

## Sources

- [globalcement.com](https://www.globalcement.com/news/9762-cnbm-and-fives-sign-strategic-agreement-for-projects-worth-at-least-euro600m), 2019-04-01: "It forecasts a volume of business of at least Euro600m over three years, and forms part of CNBM’s stated strategy of developing in partnership with western companies."

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