October 2025

China: Anhui Conch and six partners have agreed to establish a partnership fund. The cement producer informed the Hong Kong Exchange that it will directly contribute US$211m into the fund. Securities firm Haitong Capital will provide fund management services as executive partner.

India: Adani Cement has withdrawn its membership of the Indian cement industry association, the Cement Manufacturers’ Association (CMA). Adani Cement is India’s second biggest cement producer. The Economic Times newspaper has reported that ACC and Ambuja Cements, which Adani Cement acquired in September 2022, have not shared their production and sales data with the CMA for ‘a few years.’

Canada: Holcim subsidiary Lafarge Canada has extended its biodiversity collaboration with the Forêt-Boucher Foundation. Under the expanded partnership, Lafarge Canada has committed to annual contributions of US$11,200/yr until 2028.

The collaboration will focus its efforts on conservation of the Boucher Forest in Quebec, near the site of Lafarge Canada’s Klock quarry. Boucher Forest contains habitats with 1150 different species.

India: Uttarakhand police successfully raided a fake cement blending and bagging plant in the state’s Udham Singh Nagar District. The Hindustan Times newspaper has reported that police recovered 1250 bags of fake cement bearing ACC and UltraTech Cement branding, as well as further empty bags. They arrested one suspect at the scene.

Nigeria: BUA Cement has secures a new loan worth US$500m from the International Finance Corporation (IFC). The producer informed the Nigerian Exchange (NGX) that it plans to use the fund for capital expenditure (CAPEX) investments in new projects.

India: JK Cement has secured in-principle approval from its board of directors to enter into a share purchase agreement for 100% of shares in Toshali Cements. The Economic Times has reported the value of the agreement as US$19m.

Toshali Cements operates the 200,000t/yr Ampavalli cement plant in Odisha and the 435,000t/yr Choudwar grinding plant, also in Odisha. JK Cement said that its acquisition of Toshali Cements will help the group to expand into Eastern India.

India: Adani Group repaid loans worth a total of US$2.65bn on 6 June 2023, with a total interest payment of US$700m. Accord Fintech News has reported that the sum includes prepayment of loans worth US$700m used to acquire Holcim India, alongside other loans. This completes the group's prepayment of loans taken for the acquisition, which it completed in September 2022.

India: JK Organisation and Nirma Group have submitted non-binding offers to acquire 40 - 72% stakes in Sanghi Cement. The Economic Times newspaper has reported that promoters value the company at US$726m.

Shree Cement also previously entered non-binding talks to acquire Sanghi Cement on 29 April 2023.

Oman: Abra Holdings has submitted an offer to acquire a 15% stake in Oman Cement. Reuters has reported that the board of Oman Cement confirmed that it is not seeking competing offers.

India: Shree Cement has won an auction for the Chandrapur limestone mine in Maharashtra. The mine has reserves of 50Mt of limestone, and is equipped to meet the raw materials consumption of a 1.5Mt/yr integrated cement plant. The mine occupies a 105 hectare site close to the Chandrapur and Warora railheads, 200km from Nagpur. Shree Cement will reportedly consider building new sidings to connect the quarry to the national rail network.

The Economic Times newspaper has reported that Shree Cement bid to pay taxes of 27% of the value of limestone extracted from the quarry, in addition to mining royalties. The local price of cement-grade limestone was US$5.76/t in May 2023.