20 June 2025

Denmark: FLSmidth has agreed to sell its cement equipment manufacturing division FLSmidth Cement to Pacific Avenue Capital Partners (‘Pacific Avenue’). No value for the sale has been disclosed. FLSmidth says that Pacific Avenue has ‘deep experience executing industrial carve-outs and shepherding them to the next stages of their growth journeys.’ It added that it was confident that the partnership would usher in a strong future for FLSmidth Cement, its customers, employees, and other stakeholders. This is Pacific Avenue’s initial foray into the cement industry.

FLSmidth’s Cement and Mining businesses have been together for many years. The company says that, for much of that time, there were distinct advantages to having one company serving both industries. However, in recent years, the two industries have diverged. The sale includes all related employees, assets, intellectual property and technology. Certain legacy contracts and the Air Pollution Control (APC) asset will be retained by FLSmidth.

The acquisition is expected to close in the second half of 2025, subject to customary closing conditions, including regulatory approval from the relevant authorities. The business will continue to execute its current strategy with the same services and support offered to its customers. The company says that FLSmidth Cement will become a stand-alone entity with more resources and capital available.

Jason Leach, Partner at Pacific Avenue Capital Partners, said “We are excited to acquire FLSmidth Cement, a global leader providing mission critical equipment and aftermarket solutions in the cement sector. The business has a rich history and strong brands, including Fuller, Pfister and Ventomatic. We believe that cement will continue to play a crucial role in global economic development, and that FLSmidth Cement’s product innovation will play an important role in the decarbonisation of the industry.”

UK: Material Evolution has secured a venture debt facility from HSBC Innovation Banking UK to support the development and scaling of its ‘ultra-low CO₂’ cement technology.

The producer uses alkali fusion and AI-powered design to manufacture its MevoCem product, which the company says reduces CO₂ emissions by up to 85% compared to ordinary Portland cement. The venture debt facility will reportedly be used to help ‘grow the company’s commercial traction’, according to a press release.

Russia: The Union of Cement Producers (SOYUZCEMENT) and National Research Tomsk Polytechnic University (TPU) have signed a cooperation agreement to strengthen ties. The partnership will focus on cement engineering, including reverse engineering, development of technological equipment, and solutions to enhance the cement sector’s ‘technological sovereignty’ and environmental safety, according to RBC News.

The two parties will also work together on a cement project. Executive director of SOYUZCEMENT Daria Martynkina said “SOYUZCEMENT, together with Tomsk Polytechnic University, is implementing a project to create a standard line for the production of dry cement with a capacity of 1Mt/yr, consisting entirely of Russian and Belarusian equipment. Colleagues from TPU have already joined this process, and I am sure that the agreement will help to intensify cooperation.”

Peru: National cement shipments rose by 5% year-on-year to 1.01Mt in May 2025 and by 0.7% over the 12-month period, since the start of June 2024, according to national cement association ASOCEM. Cement production reached 929,000t, up by 5% year-on-year and down by 1% in the 12-month period. Clinker production rose by 16% year-on-year to 832,000t but fell by 7% across the 12-month period.

Cement exports dropped by 27% to 7900t year-on-year, while rising by 4% over 12 months. Clinker exports rose by 0.4% year-on-year to 70,600t but declined by 31% across the 12-month period. Cement imports dropped by 28% year-on-year to 9000t and rose by 99% in the 12-month period. Clinker imports rose by 213% year-on-year to 88,000t and increased by 31% across the 12-month period.

Ukraine: Renewable energy company Elementum Energy and Ukraine-based cement producer CEMARK, part of CRH, signed a one-year financial power purchase agreement to stabilise electricity prices, supplied from the 100MW Dniester Wind Farm to one of CEMARK’s plants.

It is the second such agreement signed by Elementum Energy, following a pilot deal in January 2025. CEMARK energy resources procurement manager Maryna Boyaryntseva said electricity costs are “one of the key components in the cost of cement and require constant attention and the introduction of new tools to influence price formation.”

Elementum Energy said one- to two-year price stabilisation tools are attractive to businesses in wartime, because they allow for a cost forecast and risk reduction without committing to a longer-term contract.