China National Building Materials Group Corp

China National Building Materials (CNBM) has officially launched a new cement plant in Chongwe Mapande Industrial Park, Zambia. The first phase involves a $200 million investment for a 1Mt cement production line and other facilities, creating over 400 direct jobs.

China National Building Materials' proposed merger with China National Materials (Sinoma) has been approved by the South Korean Fair Trade Commission.

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.

China Triumph International, a subsidiary of China National Building Materials, signed a strategic partnership agreement with Orda Glass Ltd to complete construction of a glass sheet plant in Kyzylorda Region, Kazakhstan. The plant has a capacity of 197,000 tonnes per year and a cost of 36.7 billion tenge.

China's state-run Sinoma International Engineering will start work in May to build a $1 billion cement factory in Tanga, Tanzania, primarily targeting export markets.