20 16 On August 26th, China Building Materials Group Co., Ltd. and China Building Materials Group Co., Ltd. were reorganized. China Building Materials Group Co., Ltd. was renamed China Building Materials Group Co., Ltd. and became the reorganized parent company. Sinoma was transferred to China Building Materials Group Co., Ltd. for free.
China Building Materials Group was established in 1984, with four business platforms: industrial manufacturing, scientific research, complete sets of equipment and logistics trade. Sinoma Group was established in 1983, and mainly engaged in three businesses: nonmetallic material manufacturing, nonmetallic material technical equipment and engineering, and nonmetallic mine mining. Through business restructuring, the two groups can achieve strong alliance and effectively improve their comprehensive competitiveness.
In June 2022, the State-owned Assets Supervision and Administration Commission of the State Council issued the Notice on Relevant Matters Concerning the Reform of State-owned Capital Investment Companies. Five central enterprises, including China Building Materials Group Co., Ltd., were officially transformed into state-owned capital investment companies after the comprehensive evaluation of the pilot reform of state-owned capital investment companies by the State-owned Assets Supervision and Administration Commission of the State Council.
China Building Materials Group aims to maximize the company's value and improve the core competitiveness of enterprises. Taking the dominant enterprises in related business fields as the main body, through asset reorganization and business integration, we have built four strong business sectors: industry, science and technology, complete sets of equipment and logistics trade.