October 2025

India: Adani Group is rumoured to have entered negotiations to extend the repayment duration of its US$4bn loan for the acquisition of Holcim's Indian business. The group secured the funds in August 2022. The Economic Times newspaper has reported that the group is seeking to extend the duration of its repayments from 18 months to at least five years. It is reportedly also seeking a similar extension for a parallel US$1bn mezzanine loan tranche.

Adani Group described the rumour as 'incorrect.'

Argentina: Holcim Argentina has advanced its diversification strategy with the acquisition of coatings company Quitam. Quitam produces the Quimexur range of paints and liquid membranes. Holcim Argentina said that the range will join its GacoFlex Technoprotect waterproofing and roofing offering.

Holcim Argentina CEO Christian Dedeu said "This is a business opportunity strongly aligned with Holcim's growth strategy in Argentina, allowing us to expand our portfolio of solutions and products for construction, taking advantage of our channel of distributors and the over 450 points of sale of our Disensa retail network." Dedeu added "This agreement helps us to consolidate our 2025 strategy, with a focus on integral solutions to reinforce our leadership and continue to support the development of the construction sector.”

Paint and membranes currently constitute 11% of the Argentinian building products market.

US: Heidelberg Materials subsidiary Mason City Cement plans to invest US$4 - 5m in upgrades to its kiln line by 2026. Upon completion, the work will enable the plant to achieve an alternative fuel (AF) substitution rate of 50%.

Heidelberg Materials' North America regional vice president of government affairs and communications David Perkins said "We want to be proactive as a company and really try to lower our carbon footprint and energy intensity, while recognising we have to be competitive." He added "We're a long-term industry on the cement side because of the investment that's required to produce it."

India: Ambuja Cements' parent company Adani Group says that the cement producer aims to more than double its sales to US$8.5bn in 2028. Ambuja Cements currently expects to record sales of US$3.61bn in 2023. It is targeting an earnings before interest, taxation, depreciation and amortisation (EBITDA) margin of 25% in 2028. Its EBITDA margin averaged 19% in the period from 2020 to 2022.

Dow Jones Institutional News has reported that Ambuja Cements' internal accruals are sufficient to fund US$5.58bn in capital expenditure (CAPEX) over the same period, according to the company. It says that it plans to double its capacity through CAPEX investments before 2028.

Philippines: Holcim Philippines recorded sales of US$490m during 2022, down by 1% year-on-year from US$499m. Sales rose by 9% year-on-year to US$266m during the second half of the year, 53% of the full-year figure. Throughout the year, the producer increased its alternative fuel (AF) substitution rate by 20% year-on-year and processed 1Mt of waste from industrial partners and local government bodies. Digitisation initiatives and alternative raw materials substitution helped the producer to reduce its specific CO₂ emissions by 7%. The Business Mirror newspaper has reported that the year also brought 'surging' energy and fuel costs for the producer.

President and CEO Horia Adrian said "In the face of extraordinary challenges, our company and people displayed tremendous resilience that enabled us to deliver positive financial performance and contribute to building progress in the country. Alongside a strong sales rebound in the second half and expansion of our customer base, we accelerated the decarbonisation of our operations."

Portugal: Setúbal District Council has submitted its opinion in the on-going consultation process over Secil's plans to expand its Arrábida quarry in Arrábida National Park. The quarry serves Secil's Outão cement plant. The Jornal de Negócios newspaper has reported that Secil has applied to expand the quarry up to a total area of 117 hectares, and says that the newly expanded quarry would have less impact on the landscape and environment than it currently does.

Setúbal District Council acknowledged Secil's 'clear effort' in its rehabilitation of exhausted sections of the Arrábida quarry, as well as the company's importance to the regional and national economy. Nonetheless, it concluded that the proposed expansion 'is not compatible with the territorial management instruments in force, which are currently under revision.'

Japan: Sumitomo Osaka Cement will launch its new sustainability committee on 1 April 2023. The committee will promote initiatives to reduce the producer's CO2 emissions and help it to 'realise a decarbonised society.' The new committee will operate alongside Sumitomo Osaka Cement's existing corporate social responsibility (CSR) committee, which has been in operation since April 2020.

Barbados: Arawak Cement has ceased clinker production at its St Lucy cement plant. The facility will continue to operate as a grinding plant. Loop News has reported that the company now seeks to lay off 70% of the plant's staff. Negotiations between the producer and the Barbados Workers' Union are reportedly in 'advanced' stages.

In its previous restructuring in 2016, Arawak Cement offered voluntary separation packages to employees. At that time, 'unfavourable economic conditions globally and in the region' necessitated cost reduction.

France: Vicat and Materrup have formed a joint venture to industrialise production and accelerate marketing of Materrup's Clay Cement 1 (MCC1) raw clay cement. The Le Moniteur newspaper has reported that the technology is based on a precursor and activator mixture which removes the need for calcination of the clay. Materrup said that this halves MCC1 cement's CO₂ emissions compared with ordinary Portland cement (OPC).

The partners say that clay has better long-term feasibility than other alternative raw materials for cement production, because global reserves are currently 2Tnt.

Cyprus: Vassiliko Cement has incurred a fine of Euro5.07m from the Cypriot Committee for the Protection of Competition (EPA). The commission found that the producer took advantage of its dominant position in the local cement market to impose 'unfair sale prices.' This 'excessively enlarged' the producer's profit margins in the period from 2013 to 2018.

The EPA also ordered Vassiliko Cement not to repeat the violation.