CNBM and Fives sign strategic agreement
Published by Lucy Stewardson,
On Monday 25 March, Song Zhi Ping, President of CNBM, and Frédéric Sanchez, Chairman of Fives, signed a ‘strategic agreement towards climate change and cooperating in third countries’. The agreement was signed at the Elysée Palace in the presence of Chinese President Xi Jinpeng and President of the French Republic, Emmanuel Macron.
The agreement develops and refines, with concrete commitments, the collaboration plans drawn up in January between CNBM and Fives. It forecasts a volume of business of the order of a minimum of €600 million over three years. It will form part of CNBM’s stated strategy of developing in partnership with Western companies.
With this agreement, Fives has stated that CNBM is showing recognition of Fives solutions and technologies that deliver energy efficiency, reduced CO2 emissions, low water consumption, and a high-quality finished product.
According to Fives, the complementary qualities of the two groups will deliver high performance installations that respect the environment, while guaranteeing production quality at an optimum price. The agreement also shows the mutual trust between the two companies, notably with respect to intellectual property.
Collaboration to implement projects in China and elsewhere
The strategic agreement mainly focuses on the following three axes of collaboration:
- In China, CNBM is committed to a wide-ranging programme of modernisation and upgrades to its production lines. Particularly in grinding, specific projects have been identified where Fives technologies will significantly improve performance and return on investment.
- Internationally, CNBM is working on numerous projects for which the two groups will combine their expertise and technologies to create modern, high performance plants.
- CNBM and Fives have created a Joint Engineering Center to implement these projects and promote the best technologies. This is an exchange platform bringing together experts from both companies – it was inaugurated on 28 February in Shanghai.
Collaboration between technical experts
The agreement is in full alignment with the Paris Agreement and in the spirit of projects focused on the industry of the future. It is an illustration of Franco-Chinese multilateralism, featuring balanced partnerships and mutual cooperation to deliver projects in other countries.
Read the article online at: https://www.worldcement.com/europe-cis/09042019/cnbm-and-fives-sign-strategic-agreement/
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