Displaying items by tag: Investment

Democratic Republic of Congo: Cimenterie Kongo (CIMKO) plans to invest over US$300m to expand its cement production capacity from 1.4Mt/yr to 3Mt/yr by 2027. The joint venture between the Rawji Group and Lucky Cement has operated a plant in Songololo, Kongo-Central province since 2018. The investment responds to growing demand from public and private construction and aims to reduce imports and stabilise prices. According to the Central Bank of the Congo, cement consumption reached 2.55Mt in 2023, while local production totalled 2.3Mt, with the shortfall covered by imports.

Other producers are also expanding. China-based WIH Cement plans to raise its capacity to 2.2Mt/yr by 2027, while the Chinese consortium Avic-Conch has partnered with the Congolese government to restart the National Cement plant in Kimpese, Kongo-Central.

The government banned grey cement and clinker imports in the southeast and southwest in July 2024 to support the domestic industry. However, in October 2025, Foreign Trade Minister Julien Paluku ordered an investigation into illegal imports from Nigeria’s Dangote Cement that were reportedly still entering the country due to rising prices of local cement.

Syria: The General Company for the Manufacturing and Marketing of Cement and Building Materials (Omran) has held talks with an investment delegation from China’s BITEC on expanding technical, commercial and investment cooperation in the cement and construction materials sector. The meeting addressed upgrading production lines, improving operational efficiency and supporting national reconstruction.

Omran director general Mahmoud Fadila outlined the cement industry’s current state, future development plans, investment opportunities and sector challenges. The BITEC delegation reportedly expressed interest in expanding its presence in Syria and offering technology and industrial support to increase output.

India: JK Lakshmi Cement will invest US$203m to expand clinker and cement capacity in Chhattisgarh, as it looks to strengthen its position in eastern and central India. The company signed a memorandum of understanding for the project during the Chhattisgarh Investor Connect event on 25 November 2025. JK Lakshmi currently operates 16.5Mt/yr of capacity, and will add 2.31Mt/yr of clinker capacity and 1.2Mt/yr of cement capacity as part of the expansion.

“Chhattisgarh has been central to our manufacturing strategy, and this investment strengthens our ability to serve eastern and central India with reliable, efficient capacity,” said deputy managing director Shrivats Singhania.

Nigeria: Ebonyi State Governor Francis Nwifuru has presented a proposed US$604m budget for 2026, including plans to construct a US$102m state-owned cement plant.

Nwifuru said most of the spending would target infrastructure and economic growth projects. He attributed the rise from previous annual budgets, averaging about US$60m, to expanded fiscal space following the removal of the federal fuel subsidy.

The cement plant, conceived as a successor to the defunct NIGERCEM, will be financed through a US$102m self-repaying loan. “We agreed in council that this project will borrow money to fund itself from beginning to end. And this project will generate the same money to repay the loan,” Nwifuru said.

Geological assessments are currently underway to determine the most viable location with adequate limestone reserves.

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.”

Brazil: Cimento Apodi said that it has recorded a 20% thermal substitution rate (TSR), avoided 1500t/yr of CO₂ emissions and invested more than US$4.7m in a new 5MW solar park. The producer has targeted a 25% TSR by the end of 2025.

It says it will increase renewable energy use through its solar park and a waste heat recovery system. Together these will supply 25% of its electricity demand by the end of 2025. The implementation of the cement mill optimiser (CMO), an artificial intelligence-based system developed with the Federal University of Ceará and the Titan Group, has increased mill productivity by up to 13% and installed capacity by 10%. The company is also developing gasifiers that can reduce emissions by up to 10% per tonne of cement.

The integrated Quixeré cement plant coprocesses byproducts such as tyres, cashew nut shells, açaí seeds, carnauba stalks and industrial waste from other sectors. All materials undergo sorting and characterisation to meet the parameters of particle size, moisture and calorific value.

India: The Adani Group has announced plans to invest US$1.13bn in Andhra Pradesh over the coming decade, including on developments in cement, data centres, energy and advanced manufacturing. The announcement was made by Adani Ports and Special Economic Zone (APSEZ) Managing Director Karan Adani at the Andhra Pradesh Investor Summit, where he announced plans for the Vizag Tech Park, a major data centre investment alongside Google.

"We see Andhra Pradesh not as a destination for investment, but as a launchpad for India's next decade of transformation,” said Adani. “The flagship of our commitment is the Vizag Tech Park. This is not just another tech park, it is the foundation of India's digital sovereignty. We are building one of the world's largest hyperscale data-centre ecosystems, in partnership with Google, and powered by green energy.”

US: Amrize has launched a 'Made in America' label for its cement to offer builders ‘the guarantee of American manufacturing and quality, while supporting American jobs and local communities.’ The label signifies that all aspects of the cement are made in the US, including all of its raw materials.

Roll-out of the label will begin at Amrize's flagship cement plants at Ste. Genevieve, (Missouri), Midlothian (Texas), Devil's Slide (Utah), Holly Hill (South Carolina) and Portland (Colorado). The company, already the largest in the US by installed capacity, is investing US$700m in its cement plants during 2025.

“Our new 'Made in America' label offers our customers the confidence that their product complies with US standards for quality, performance and reliability, with local-to-local service,” said Jaime Hill, President of Amrize Building Materials. “We are proud of the role our solutions play in building America and are committed to advancing the US building industry, supporting American jobs and serving as the partner of choice for the professional builders of America.”

Egypt: Titan Egypt, a subsidiary of Greece-based Titan Group, plans to invest US$63.5m over the next two years to expand production capacity and increase the use of alternative fuels to reduce costs, according to CEO Amr Reda.

The company operates two cement plants in Beni Suef and Alexandria with a combined capacity of 4.5Mt/yr, which will rise to 5.5Mt/yr following the planned expansions. Titan Egypt currently exports 30% of its production. Exports were 550,000t in 2024, with targets of 850,000t by the end of 2025 and 1Mt in 2026. Key export markets include Libya, Syria, Europe, the US and West Africa, alongside reconstruction projects in Gaza and Sudan.