Sinoma unit wins EUR 164 mln contract in Egypt
China Sinoma International Engineering Co Ltd<600970> announced on Wednesday that its subsidiary Tianjin Cement Industry Design & Research Institute Co Ltd has inked contract worth EUR 164 million to help El Nahda Industries build a cement production line in Egypt, market sources reported.
According to its filing with the Shanghai Stock Exchange, Sinoma International said the designed capacity of the cement production line is 5,500 tons per day and the project is scheduled to be completed within 30 months.
The total value of contracts won by Sinoma International and its units since October this year has exceeded RMB 5.6 billion.
Sinoma International Engineering is a listed unit under the country's leading construction material supplier China National Material Group Corporation (Sinoma).
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