October 2025

India: NCL Industries has reported an 11% drop in its cement production in the third quarter of the 2022 financial year (1 October 2022 – 31 December 2022) to 561,000t from 633,000t in the corresponding period of the 2021 financial year. The company’s cement dispatches also fell by 11% in the period, to 558,000t from 625,000t. Meanwhile, its cement board production grew by 16% to 19,900t and dispatches of cement boards remained level year-on-year at 19,100t.

Pakistan: Fauji Cement has taken out a loan of US$212m from a consortium lead by Habib Bank Limited. The Business Recorder newspaper has reported that the funding will go towards cement plant expansion projects with a total cost of US$339m. Fauji Cement plans to expand its plant in Dera Ghazi Khan, Punjab, while its subsidiary Askari Cement plans to expand its plant in Nizampur, Khyber Pakhtunkhwa. The company says that the projects will together increase its installed cement production capacity to 10Mt/yr.

Spain: LafargeHolcim España has announced the launch of a joint venture called ECCO2 with Carbon Clean and Sistemas de Calor. The joint venture will develop carbon capture technology for use at the producer’s Carboneras cement plant in Almería. It will then seek to market captured CO₂ from the plant for use as a gas in local agricultural greenhouses. When commissioned in early 2023, the carbon capture system will have the capacity to capture 10% of the Carboneras plant’s CO2 emissions.

Switzerland/Germany: Holcim has announced the launch of a strategic partnership with inductive charging technology developer Magment to test and commercialise magnetisable concrete technology for use in roads. The technology will power and charge electric vehicles as they drive on roads fitted with Magment. Another possible application is in industrial floors, to charge robots and forklifts.

Holcim’s Global Innovation Center head Edelio Bermejo said: “At Holcim we are innovating to put concrete at the centre of our world’s transition to net-zero. With Magment, we are excited to be developing concrete solutions to accelerate electric mobility. Partnering with start-ups all over the world, we are constantly pushing the boundaries of innovation to lead the way in sustainability.”

Oman: The German University of Technology in Oman (GUTech) has 3D printed a 190m² house in Halban, Al Batinah South governorate, using conventional concrete. Trade Arabia News has reported that the structure is the world’s largest 3D printed building. GUTech applied Denmark-based Cobod’s D.fab product to print the building using Mexico-based Cemex’s concrete in five days.

UK: Building materials group Ibstock has announced its commitment to achieving a 40% CO₂ emissions reduction by 2030 and carbon neutrality by 2040. The commitment covers scope 1 and 2 emissions, building on the company’s existing sustainability roadmap commitments to create a framework of targets and critical milestones. Ibstock says that these will include investment in more efficient production processes and in high quality environmental projects to offset residual carbon. Additionally, it plans to develop a strategy to reduce indirect scope 3 CO₂ emissions in 2022. It will publish full details of all targets in its 2021 full-year results in March 2022.

During 2021, Ibstock invested Euro138m in the construction of two net zero facilities in West Midlands and West Yorkshire and procured 100% of its electricity from renewable sources. Ibstock is the parent company of Ibstock Concrete, which produces concrete roofing, walling, flooring and lintels at 14 sites across the UK.

We start 2022 with the news that Cemex is selling up to Cementos Progreso in Costa Rica and El Salvador. On 20 December 2021 Cemex announced that it was selling one integrated cement plant, one grinding plant, seven ready-mix concrete plants, one aggregate quarry and one terminal in Costa Rica and one terminal in El Salvador. The sale is valued at around US$335m with an expected completion date in the first half of 2022 subject to regulatory approval.

This sale is noteworthy because it concerns Mexico-based Cemex selling off assets in its ‘back yard’ of Central America. Once the sale completes it will retain operations in Panama, Nicaragua, Guatemala and Colombia under its Cemex LatAm subsidiary. It will also continue to operate in the Caribbean in the Dominican Republic, Jamaica and Puerto Rico. Previous divestments by Cemex over the last five years or so have tended to focus on piecemeal (or bolt-off) divestments in the US and Europe. This latest sale could be viewed in a similar way if Central America and the Caribbean are seen as a region rather than individual countries. For its part Cemex describes the divestment as part of its ‘Operation Resilience’ plan to optimise its global portfolio.

Why it chose to sell up in Costa Rica is curious given that Cemex LatAm’s cement sales volumes for the region were reported as ‘flat’ in 2019 with the exception of Colombia and El Salvador. 2020 was then a shock, like almost everywhere else, as coronavirus caused disruption reducing sales volumes. 2021 saw recovery in all of Cemex LatAm’s national markets over the first nine months. Notably, both Cemex’s revenue and operational earnings in Costa Rica grew when comparing the first nine months of 2019, before the pandemic, to the same period in 2021, unlike Colombia and Panama. For the third quarter of 2021 Cemex said that growing cement sales volumes in Costa Rica had been driven by infrastructure and housing sectors. It also added that “Our cement footprint in the country is also a very relevant component of our regional trading network. We continued exporting during the quarter, mainly to our operations in Nicaragua.” In may be coincidence but it was interesting timing to add a comment like that.

From Cementos Progreso’s perspective the new assets in Costa Rica and El Salvador are part of an ongoing expansion phase outside of its home base. At home in Guatemala the company operates three integrated plants. The third, the San Gabriel plant, started up in 2019. In the same year the company purchased Cemento Interoceanico and its grinding plant in Panama. Then in July 2021 the group commissioned its new Belmopan grinding plant in Belize as part of its Cementos Rocafuerte subsidiary. The new proposed acquisitions in Costa Rica and El Salvador start to fill in the gaps in Cementos Progreso’s network between Guatemala and Panama. The price seems on the high side for a 0.9Mt/yr integrated plant and a 0.9Mt/yr grinding unit. Yet the associated quarry, concrete plants, terminals and, crucially, the location may have made it one well worth paying. For comparison Peru-based Unacem agreed to purchase a grinding plant from CBB in Chile this week for around US$30m. Back in 2013 Lafarge sold assets in Honduras, including an integrated plant and a grinding unit, to Cementos Argos for Euro232m.

Both parties may do well out of this transaction. Cemex continues to show that it is fully prepared to sell assets anywhere as it sharpens up its operations. Cementos Progreso meanwhile is turning itself into a regional player to watch.

Saudi Arabia: Saudi Cement has appointed Khalid Abdulrahman Al-Rajhi as the chair of its board of directors. The term started at the beginning of January 2022 and has a duration of three years to the end of 2024. Other appointments include Mohammed Abdulkarim Al-Khereiji as vice-chairman and Mohammed Ali Al-Garni as secretary of the board of directors.

Zimbabwe: Lafarge Cement Zimbabwe appointed Geoffrey Ndugwa as chief executive officer (CEO) in mid-December 2021. He succeeds Precious Murena, who stepped down in September 2021.

Ndugwa was previously the CEO for Lafarge Malawi from late 2019. He brings experience in the cement industry spanning over 17 years working in various capacities across Africa. Some of his notable appointments include being the Commercial Director for Bamburi Group in Kenya, the General Manager Innovation and Marketing for Lafarge WAPCO Nigeria, the General Manager for Bamburi Special Products in Kenya, the Head of Business Support for Barclays Bank of Uganda and the Sales Manager for Hima Cement in Uganda.

Ndugwa holds a master’s degree in Business Administration from Heriot-Watt University in the UK, a post graduate diploma in marketing from the Chartered Institute of Marketing in the UK and a Civil Engineering degree from the University of East London.

Uzbekistan: The state assets management agency UzAssets has agreed to sell the Uzbek government’s 87% stake in Qizilqumcement for US$174m, according to the UzDaily newspaper. Under the terms of the deal, United Cement Group will maintain the plant’s personnel and the level of their pay, implement the approved modernisation programme and continue to provide training, support social projects in Navoi region and organise events in the community.