Sinoma aims to cement market share
By Wang Yu (China Daily)
Updated: 2006-10-19 09:02
Sinoma International Engineering Co Ltd, a listed branch of Sinoma Group, or
the China National Materials Industry Group Corp, is aiming for a larger global
share in the cement plant design and engineering market this
year.
"People's perception about Chinese equipment technology and
engineering has changed within the cement plant building sector. Global cement
makers are seeking co-operation with Sinoma not only in China, but also around
the globe when they decide to set up new manufacturing facilities," Tan
Zhongming, chairman of Sinoma Group, told China Daily.
Sinoma
International snatched a 20 per cent global market share in 2005, developing
alongside the fast-growing cement equipment technology and engineering business.
And Tan said the percentage will be even higher this year.
"It is just
for one enterprise. The total market share held by Chinese enterprises is even
bigger. That solidly proves the progress we have made," said Tan.
Sinoma
International recently signed a new cement plant design and engineering contract
with Lafarge in India. The project involves the construction of a clinker
production line, with a 5,000-ton per day capacity. Both parties were
tight-lipped about the amount involved.
The deal is the first time Sinoma
International has partnered with Lafarge, the world's top cement maker, on an
overseas project, although they have had close business ties in China for some
time.
Shanghai-listed Sinoma International has been working to lower
costs while boosting the quality of its projects both at home and abroad.
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