Displaying items by tag: GCW737

Malaysia: YTL Cement has received environmental product declarations (EPDs) covering products across its cement, concrete and precast ranges. An EPD is a third-party-verified document that discloses a product’s environmental impact throughout its full life cycle in line with international standards. The newly certified products include the Castle Cement brand, as well as ECOConcrete Grade 40 and Grade 35.

Peru: Grupo Unacem reported consolidated sales of US$530m in the third quarter of 2025, up by 0.3% year-on-year, driven mainly by the favourable performance of its operations in Peru, Ecuador and Chile. EBITDA reached US$121m. In Peru, third-quarter cement shipments were 1.56Mt, up by 3% from the third quarter of 2024, and sales were US$202m, up by 1.5% year-on-year. The company’s capital expenditure was US$138m, up by 11% year-on-year. In Ecuador, third-quarter 2025 revenues reached US$47.2m, a 3% increase compared to the same quarter of the previous year. Unacem North America reported cement shipments of 323,000t during the third quarter, representing a 0.7% year-on-year increase. Finally, Unacem Chile recorded shipments of 277,000m³ of ready-mix concrete, a 38% increase compared to the third quarter of 2024.

Corporate CEO Pedro Lerner said “In Peru, we continue to see a positive trend, with a quarter in which our prefabricated building business achieved record revenues and market activity supported this performance. In the US, despite the challenging environment, we have maintained our market share in Arizona and increased it in California, which reaffirms the strength of our operation. We also highlight the modernisation of Termochilca, which exceeded the expected efficiency levels.”

Corporate strategy manager Alicia Campos said “This quarter our portfolio showed resilient performance, with higher volumes in Peru, Ecuador and Chile, along with sustained growth in our energy platform. EBITDA reflects this operational strength, while capital expenditure responded to the execution of strategic and sustainability projects, including environmental and efficiency improvements in our operations. These advances continue to strengthen our position and support the year-to-date performance.”

Mozambique: Mozambique and China will together invest US$333m to build two new cement plants, a jetty and hospital services in Nampula and Cabo Delgado. The investment is the result of four agreements signed in October 2025 at an investment conference in Xian in China’s Shaanxi province, where representatives from the two countries’ governments were present. The timescale of the work was not given. The conference served to strengthen economic cooperation with the Shaanxi provincial government and establish new partnerships and investments by Chinese companies. A delegation of 50 Mozambicans attended, led by the Minister of Economy, Basílio Muhate.

India: Building materials producer BirlaNu has announced that it will build a greenfield fibre cement board plant in the Nellore district of Andhra Pradesh. The producer will invest about US$14.2m in the first phase to establish the unit, which is expected to create about 600 jobs, according to local press. The plant will use fly ash from coal-fired power plants.

Managing director and CEO Akshat Seth said “Our new fibre cement board plant in Nellore marks an important milestone in BirlaNu’s expansion journey. It strengthens our manufacturing footprint and generates meaningful employment.”

US: Heidelberg Materials has announced that it will acquire Walan Specialty Construction Products in Delaware under a binding purchase agreement. The transaction includes a 150,000t/yr capacity slag grinding plant with a vertical mill built in 2022 near the Port of Wilmington. The producer says that this acquisition will further strengthen its low-carbon cementitious portfolio and extend its market reach in the Northeast Region.

Pakistan: Cement export earnings rose to US$42.6m in October 2025, the highest monthly level in 11 years, according to brokerage firm Topline Securities. The rise reflects renewed export momentum attributed to supply-side disruption from European exporting markets. Export despatches fell by 23% year-on-year to 827,000t from 1.08Mt in October 2024, while total cement despatches rose by 6% to 4.75Mt and local dispatches rose by 15% to 3.93Mt, according to data from the All Pakistan Cement Manufacturers Association (APCMA). This was reportedly driven by strong domestic demand despite the continued drop in export volumes.

France/Syria: The former Lafarge CEO Bruno Lafont has taken the witness stand at the start of a hearing that will focus on the alleged financing of the Islamic State in Syria in the early 2010s. Lafont took the stand on 19 November 2025 to face questions from the 16th Criminal Chamber of the Paris Judicial Court, according to the Libération newspaper. He is on trial, along with several former senior executives, for financing terrorism in Syria.

At the heart of the trial is the continued operation of the former French multinational’s assets within Syria, a country embroiled in civil war between 2011 and 2014. Lafarge has since been absorbed into Switzerland’s Holcim.

Bruno Lafont joined Lafarge in 1983 and served as its CEO from 2007 to 2015. He maintains that, on a multinational scale, the Syrian plant, located in the city of Jalabiya, north of Raqqa, was not one of the group's most strategic assets. Lafarge nevertheless aimed to supply 30% of the country's cement needs and employ 1000 people, which Lafont conceded was a ‘significant investment.’ The plant only opened shortly before the onset of hostilities.

Explaining the decision to keep the plant running, Lafont asserted that Lafarge keeping the plant open was “a form of commitment to the local communities.” Lafont said that he and his subordinates were bound by a ‘moral obligation,’ stating “These assets were ours, but they also belong to the country, to the region.”

Questioned by the presiding judge, Isabelle Prévost-Desprez, and pressed further by representatives of the National Anti-Terrorist Prosecutor's Office, Aurélie Valente and Olga Martin-Belliard, the former CEO mostly claimed he hadn't been informed about the situation at the Syrian factory. Prosecutors pointed out that Lafarge had received numerous warnings before the plant was invaded by Islamic State on 19 September 2014. They also pointed out the embassy closures, the mass departure of international companies and the removal of country directors from Syria, asking why these events did not attract the ‘curiosity’ of Lafarge’s CEO. In reply Lafont stated "Before Syria, we had experienced several Arab Springs… and they all stopped.” He also drew parallels to the situation in Egypt, which he described as ‘practically an insurrection.’

In a separate case in the US, Lafarge admitted in 2022 that its Syrian subsidiary paid US$6m to Islamic State and the Nusra Front to allow employees, customers and suppliers to pass through checkpoints after the civil conflict broke out in Syria. The group paid US$778m in forfeiture and fines as part of its plea agreement. Lafarge faces much lower fines in France if it is found guilty, but eight of the 10 individuals on trial face up to 10 years in prison if found guilty.

The trial in Paris continues.

India: Cement producers saw strong sales in the second quarter of the 2026 Fiscal Year (FY2026), due to steady prices and higher sales volumes. Seasonal weakness and maintenance outages did dent performance, but the overall picture remained positive, according to the Business Standard newspaper.

Centrum Broking said that results pointed to 4 - 5% year-on-year demand growth in the second quarter despite weather-related interruptions. Stronger rural activity and ongoing construction kept consumption buoyant. Meanwhile, JM Financial reported that like-for-like cement volumes grew by 7%. Adjusted for acquisitions, consolidated volumes at UltraTech Cement and Ambuja Cements also rose by 7%, while JK Cement saw a 15.1% increase, driven by capacity increases and a higher capacity utilisation rate.

India: Adani-led Adani Enterprises has reportedly beaten Vedanta in the race to take over the debt-laden Jaiprakash Associates, despite Vedanta placing the highest overall bid in an electronic auction, according to local media.

Jaiprakash Associates is the flagship arm of the Jaypee Group, with interests across cement production, power generation, engineering, hospitality, real estate and sports infrastructure. Its creditors unanimously voted in favour of Gautam Adani-led Adani Enterprises’ resolution plan, as it proposed higher upfront payments. Despite voting for Adani’s plan, some creditors did question the pre-bidding process, which reportedly gave Adani a perfect 100% score across a range of factors to assess its suitability.

Spain: Cement consumption grew by 18.5% year-on-year in October 2025 to reach 1.70Mt, 0.27Mt more than in October 2025, according to the latest data from Oficemen. "The sector has not reached a similar level of consumption since August 2011, an encouraging figure that allows us to anticipate a year-end total that exceeds 16Mt,” said Aniceto Zaragoza, CEO of Oficemen. “Even so, it would be necessary to maintain a stable consumption rate in the coming months to consolidate this trend and adequately meet the housing and infrastructure needs of our country.”

Cumulative consumption in the first 10 months of 2025 saw growth of 10.9% to reach 13.7Mt, 1.3Mt more than in the first 10 months of 2024. Cement exports in 2025 grew by 6.3% year-on-year to 403,782t. Over the first 10 months of 2025, exports fell by 7.4% year-on-year to 3.79Mt. Imports, however, grew by 28.6% over the same time interval, with an additional 0.4Mt imported so far in 2025 than in 2024. In light of rising imports and falling exports, Zaragoza insisted that "it is necessary to establish mechanisms to protect European countries from imports from third countries that have laxer environmental regulations that harm the competitiveness of our industry."