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          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.

          12  

          (For more biz stories, please visit Industry Updates)

           
           

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