CNBM has been continuous listed as China’s 500 most valuable brands

Recently, the 17th world brand conference, sponsored by World Brand Lab, held in Beijing, released the analysis report of China’s 500 Most Valuable Brands in 2020. China National Building Material Group Co., Ltd (CNBM) has been listed in the Brand Finance for the fourth consecutive year since the “reorganization of the two material groups”, it ranks 45 of the most valuable brands with a brand value of 117.562 billion yuan in this year, an increase of 16.287 billion yuan compared with last year, ranking the first in the building materials industry. With a brand value of 75.265 billion yuan, Beijing New Building Material (Group) Co., Ltd., (BNBM) which is affiliated to CNBM, ranks 71st in the list and third in the building materials industry. >>>

The President signed a law on reducing the “feed-in” tariff

The President signed the Bill №3658, which enshrines the key provisions of the Government Memorandum with producers of sustainable energy. >>>

CNBM consolidates its cement businesses

Consolidation of the Chinese cement industry looks set to take a major step forward this week. China National Building Material Company (CNBM) announced that it is restructuring its cement production assets and companies under one subsidiary, Tianshan Cement. The move is significant since CNBM is the world’s largest cement producer, with a production capacity of over 500Mt/yr. That’s more than the total output of any single country except China. It’s also between a quarter and a third of national capacity domestically. >>>

The Government supported the reduction of the “feed-in” tariff

The Verkhovna Rada adopted in general the bill №3658 on improving the conditions for supporting the production of electricity from alternative sources, which is designed to reduce and restructure the “feed-in” tariff. >>>

Zhang Jingsong: In case of repeated reduction of “feed-in” tariffs by 15%, CNBM will appeal them to international arbitration

Last week, the Verkhovna Rada passed in the first reading the government bill №3658, prepared on the basis of a memorandum with renewable energy producers, the essence of which is to reduce the “feed-in” tariff for existing and future projects and a number of other changes.