Titan Cement International changes name to Titan
Greece: Titan Cement International, the parent company of Titan Group, has changed its legal name to Titan, following shareholder approval. The ticker symbol TITC remains unchanged on Euronext and the Athens Exchange. The company said that the simplified name reflects a ‘unified, forward-looking identity’ aligned with the group’s global presence, purpose and strategic priorities. The company has also adopted a new domain, www.titanmaterials.com.
Chair of the group executive committee Marcel Cobuz said “Our evolution into a truly diversified building and infrastructure materials company and our ongoing commitment to sustainability and innovation are embodied in this identity update. The new name and web domain presence better communicate our capabilities and ambition, as we shape the future of building materials everywhere we operate.”
India: UltraTech Cement has commissioned its second cement grinding mill at the Maihar unit in Madhya Pradesh, adding 1.8Mt/yr to its domestic production capacity. The first mill at the site began operations in March 2025.
The expansion raises UltraTech’s total grey cement capacity in India to 186.86Mt/yr and 192.26Mt/yr globally. The company said the move forms ‘part of its larger strategy.’
Armenia extends cement import restrictions
Armenia: The government will extend restrictions on cement and clinker imports from Iran and ‘other countries’ for another six months, from 21 July 2025 to 21 January 2026. The measure aims to support local producers, who reportedly face falling competitiveness and reduced production volumes, according to local press.
Armenian cement output declined by 7% year-on-year to 1.05Mt in 2024, despite a domestic capacity of 2.5Mt/yr and market demand of around 1.4–1.5Mt/yr. Imports from Iran rose by 72% year-on-year to 436,000t in 2024, following a 3.5-fold increase in 2023.
The Ministry of Economy said the restrictions ensure sufficient market supply while maintaining fair competition between domestic manufacturers and importers.
Greece: Titan Group has been named by Time Magazine as one of the most sustainable companies in the world, rising 158 positions to 150th in the annual list of 500 companies. Titan Group said that it is the highest-ranked building materials company and one of only a handful on the list. Time Magazine and data firm Statista assessed companies based on external ratings, commitments and various environmental and social Key performance indicators (KPIs) disclosed in externally-assured reports.
Leonidas Canellopoulos, Chief Innovation and Sustainability Officer at Titan Group, said "Being named one of the world’s most sustainable companies by Time for the second year in a row is a powerful endorsement of our growth strategy in action. Sustainability is woven into every decision we make – from bold innovation in new products and decarbonised processes to transparent execution.”
Attock Cement’s parent firm ‘open to sale’
Pakistan: Lebanese investment company Pharaoh Investment Group Ltd (PIGL) is considering the possibility of selling a stake in its subsidiary Attock Cement Pakistan Ltd (ACPL) amid a revaluation of its assets in the cement sector. PIGL, which is the majority shareholder of ACPL with an 84% stake, has received proposals from investors to acquire the entire stake, subject to regulatory approval.
The list of applicants includes joint proposals from the Fauji Foundation and Kotaku Power Company, as well as from Cherat Cement and Shirazi Investments. Separate applications were sent by Alpha Cement and Bestway Cement. ACPL holds a leading position in the cement market in Southern Pakistan, with a 24% market share, thanks to its 4.3Mt/yr capacity.
Chilanga Cement completes expansion
Zambia: President Hakainde Hichilema has urged investors to capitalise on Zambia's favourable business environment, citing a recent upgrade of Chilanga Cement's plant in Ndola as proof of government support. Speaking via Minister of Mines Paul Kabuswe during the plant’s commissioning, the President highlighted that its daily cement capacity tripled from 500t/day to 1500t/day. The US$25m upgrade, its first since 1969, also included a new lime production line with an annual capacity of 100,000t/yr.
Federbeton signs MoU with reactor developer Newcleo
Italy: France-headquartered nuclear reactor developer Newcleo has signed a memorandum of understanding (MoU) with Federbeton, the Italian cement association, to explore the company's technologies and potential synergies with the cement industry.
Newcleo says the lead-cooled advanced modular reactors (AMRs) that it is developing will offer carbon-free energy and could play a strategic role in helping heavy industries to achieve carbon neutrality. Through the MoU, Newcleo and Federbeton will also explore opportunities for research and development in the field of high-performance construction materials, designed to meet the requirements of next-generation nuclear technologies.
"The agreement between Newcleo and Federbeton confirms the construction materials industry's strong commitment to achieving climate neutrality," the partners said in a joint statement. "This collaboration addresses the dual challenge of decarbonisation and energy efficiency."
The agreement with Federbeton follows other partnerships that Newcleo has signed with key players in hard-to-abate sectors, including Danieli (for green steel production), Maire (for green chemical plants), Fincantieri (for naval propulsion), and Saipem (for offshore nuclear platforms).
Green loan for Taiwan Cement
Taiwan: Taiwan Cement has a secured a US$592m green loan that will support its carbon-cutting and renewable energy projects. Credit Agricole CIB served as the green structuring advisor for the deal, while BNP Paribas, MUFG Bank, DBS Bank (Taiwan) and Taipei Fubon Bank joined as underwriters.
The loan carries an interest premium of only 100 basis points, around half the rate seen on similar Euro-denominated green bonds issued by other large investment-grade corporations. The funds will be used for repaying debt and for recycling and emissions-reducing projects. The company said that it will leverage finance tools to support its green transition and boost competitiveness on the global stage.
China: West China Cement will sell Yili Yaobai Cement, Huocheng County Nangang Xixin Mining Industry and Xinjiang Baihang Environmental Protection Technology to Anhui Conch Cement and Conch (Shaanxi) for US$55m via its subsidiary Yaobai Special Cement Group, according to MT Newswires. It will also divest three additional assets for US$22.5m, US$128m and US$23.7m under separate agreements. The sales remain subject to board approval and other conditions.
France: 80 FNSCBA-CGT (National Federation of Construction, Wood and Furniture Workers) members protested outside CRH subsidiary Eqiom’s Lumbres cement plant in northern France to denounce the ‘outrageous’ working and living conditions of Chinese workers employed there, according to construction union BWI.
Eqiom signed a contract with China-based firm CBMI, which employed 250 Chinese workers to upgrade the plant by building a low-carbon kiln to reduce CO2 emissions and energy consumption, which reportedly cost more than €200m. However, there are claims that the workers live in a campsite near the cement plant, sleeping in ‘overcrowded’ tents and working 12 hours a day, six days a week. The protesters have called for the full enforcement of French labour legislation and transparency regarding the Chinese workers’ wages and working conditions.
FNSCBA-CGT general secretary Mathieu Dougoud said “We cannot remain silent on the exploitation of foreign workers. It is important to stand up to defend these workers, their jobs and our national collective agreements. We only urge Eqiom to provide the documents certifying that these Chinese workers are indeed under the aegis of the French labour code.”
In a statement sent to Global Cement Eqiom said "The K6 project is carried out in strict compliance with all applicable French legislation, including labour law, and in line with the values of our company. The latest checks carried out by the competent authorities attest that the project is in full compliance with French law."