CNBM and Fives have defined an agreement for areas of collaboration to benefit from either company's expertise or technologies. The parties will together explore a range of international projects, including plant upgrades and expansions as well as new plants, to implement Fives technologies, such as the FCB Horomill® grinding system, FCB Pyro-line and Pillard burners, to reach the highest level of energy efficiency, emission controls and product quality.

By partnering with Fives, CNBM, the largest comprehensive building material industry group in China with a leading position in cement production and plant construction, acknowledged Fives' ability to develop sustainable technologies that provide unsurpassed performances in electrical consumption and CO2 emissions. CNBM and Fives' complementarity will create opportunities to collaborate, aiming at improving plant energy efficiency, reducing the CO2 footprint and preserving natural resources, while increasing cement quality and reducing total cost of ownership.

The ceremony gathered several top-level representatives from both companies, including Song Zhi Ping, Chairman of CNBM and Frédéric Sanchez, President of Fives. The agreement provided the opportunity to reaffirm their strong commitment to multilateralism, supporting mutually-beneficial collaboration between Chinese and European enterprises.