28 February 2024

Switzerland: Holcim recorded a 7.5% drop in sales to US$30.6bn in 2023, ‘largely’ due to its divestment of its cement businesses in India and Brazil. On a like-for-like basis, its sales rose by 6.1%. The group’s earnings before interest and taxation (EBIT) rose by 0.2% to US$5.4bn, but by 15% like-for-like. It attributed this both to price rises and cost-saving measures in its cement and concrete operations. Net profit fell by 7.5% to €3.47bn, including a €1.7bn special gain from its Indian divestment. Holcim says that it implemented its Strategy 2025 – Accelerating Green Growth two years ahead of schedule.

Australia: Adbri reported 13% year-on-year growth in sales to US$1.25bn in 2023, up from US$1.1bn in 2022. The company's earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 5.2% to US$193m. The year marked the successful launch of its EcoCem and Futurecrete reduced-CO₂ cement and concrete ranges. At the end of the year, Adbri’s ongoing US$255 – 277m upgrade to its Kwinana grinding plant was 70% complete.

Deputy chair Samantha Hogg and CEO Mark Irwin said “In 2023 we took significant steps to refocus and reshape our organisation to support a more resilient Adbri and to invest in our future. Our focus on best‑in-class customer solutions and margin recovery has supported a strong full-year financial result.”

Taiwan: Taiwan Cement Corporation's sales were US$3.45bn in 2023. Smartkarma Newswire has reported that this is 1.4% lower than its forecast of US$3.5bn. Nonetheless, the company’s profit exceeded its expectations by 3.6%, at US$316m.

Spain: India-based Nasequip Systems says that it has successfully commissioned a new dual fluid gas cooling system at Cosmos Cementos’ Toral De Los Vados cement plant. The supplier said that the upgrade will help to increase productivity and efficiency. It thanked Türkiye-based DAL Engineering for selecting its equipment.

Portugal: Taiwan Cement (Dutch) Holdings paid €65m to acquire its new stake in Cimpor, Reuters has reported. Parent company Taiwan Cement Corporation agreed to buy current majority shareholder OYAK Çimento’s 60% stake in Cimpor for €480m in November 2023.

Uganda: The government has granted a 21-year mining licence to Sunbird Resources to support a cement plant project near the border with Kenya. The licence will allow the local company, which is working with China-based West China Cement, to mine limestone, according to Reuters. The partners intend to build a 1Mt/yr integrated cement plant.