12 August 2025

Brazil: Votorantim Cimentos reported sales of US$1.38bn in the second quarter of 2025, up by 5% year-on-year. Global cement sales reached 9.3Mt, up by 3% year-on-year. Consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 5% year-on-year to US$331m. Net profit grew by 250% to US$331m, supported by improved operations, tax gains and the divestment of Moroccan assets.

In Brazil, sales rose by 8% year-on-year to US$643m, while EBITDA fell by 2% to US$102m compared to the previous corresponding period due to higher variable costs. In North America, sales grew by 3% year-on-year to US$441m, with EBITDA up by 10% to US$134m, aided by acquisitions. In Europe and Asia, sales rose by 3% year-on-year to US$220m, while EBITDA increased by 32% to US$73m on reduced variable costs. In Latin America, sales rose by 20% year-on-year to US$52m and EBITDA by 92% to US$11m.

Global CEO Osvaldo Ayres said “We ended the second quarter with solid results, supported by our business diversification and portfolio balance between developed and emerging markets. In line with our strategic mandate, we continued to make investments in competitiveness, decarbonisation and new businesses, despite an environment that was volatile and required a cautious approach.”

Global chief financial officer Antonio Pelicano said “In this second quarter, we announced the completion of the sale of our Moroccan assets, which, combined with our previously announced divestment in Tunisia, reinforced our strategy of geographic diversification and capital allocation. We continue to have a robust cash position to support the execution of our strategy.”

Russia: Cemros has proposed limiting Belarusian cement imports to 1.5Mt/yr, citing rising import volumes from Belarus, Iran and Kazakhstan, despite a stagnant market. The company said current imports are equal to the annual output of 2-3 cement plants, while underutilised Russian producers are reducing working hours and halting production.

The Cemros press service said “In the short term, a fair solution would be to fix cement import volumes at the levels seen before the introduction of preferential mortgages, namely a ceiling of 1.5Mt/yr of cement products.”

This comes after Cemros announcing on 8 August 2025 the implementation of a four-day working week from 1 October 2025, due to falling demand and increasing imports. On the same day, industry association Soyuzcement proposed introducing five-year anti-dumping measures, noting Belarus accounts for 69% of imports, Iran 20% and Kazakhstan 9%.

Cemros forecasts that 2025 cement consumption could fall by 10–15% year-on-year in 2025 to 57–60.3Mt. In January–June 2025, Russia produced 27.2Mt of cement and consumed 28.4Mt, including 1.83Mt of imports. Soyuzcement predicts that imports could reach up to 5Mt/yr in the medium term, up from 3.74Mt in 2024.

Türkiye: OYAK Cement reported sales of US$574m in the first half of 2025, with earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$140m and a net profit of US$88m.

Vice chair of the board and CIMPOR global chief financial officer Eralp Tunçsoy said “As of the first half of 2025, we have realised an investment expenditure of US$69m. With our investments, we are strengthening our leading position in the cement sector. We plan to reap the rewards of the high-value investments we have recently made in energy efficiency and sustainability in the coming years.”

Tunçsoy said “Despite the ongoing uncertainties in global markets, we are determinedly continuing our efforts to increase our footprint in the global cement market. We are present in all markets outside of our Turkish operations with our CIMPOR brand and are working to open new export channels.”

Pakistan: Fauji Cement posted a record net profit of US$46.8m for the 2025 financial year, up by 62% from US$28.8m in 2024. Annual revenues reached US$314m, an 11% year-on-year increase, supported by a 6% rise in despatch volumes. For the fourth quarter of the 2025 financial year, the company reported earnings of US$17.3m, reflecting a 232% year-on-year rise and an 83% quarter-on-quarter increase.

Jamaica: Caribbean Cement produced a record 93,450t of clinker and 109,682t of cement in July 2025, one month after completing a US$41m plant expansion and efficiency upgrades, according to the Jamaican Gleaner newspaper. The figures surpassed previous records of 89,600t and 103,869t respectively, a combined rise of over 9600t.

Managing director Jorge Martinez said “This is an encouraging achievement for Caribbean Cement and for Jamaica. This increase in clinker and cement production clearly indicates that our investment strategy is working. We are now in a stronger position to meet local demand by reducing our reliance on imports. At the same time, we are better positioned to explore export opportunities.”