Mexico: GCC’s net sales were US$273m in 2024, up by 12% year-on-year. Its US sales rose by 17%, with local cement volumes up by 8.3% and concrete volumes up by 5.6% year-on-year, respectively. Meanwhile, its Mexican sales grew by 4%. The price of both cement and concrete rose across both markets. Accordingly, GCC grew its earnings before interest, taxation, depreciation and amortisation (EBITDA) by 32%, to US$82.9m.

Pakistan: Fauji Cement raised its sales by 14% year-on-year to US$213m in the first nine months of the 2024 financial year. Throughout the period, which ended on 31 March 2024, Fauji Cement recorded a cost of sales of US$148m, up by 13% from nine-month 2023 financial year levels. Its profit was US$25.3m, up by 1% from US$25m in the corresponding period of the previous financial year.

Egypt: South Valley Cement’s sales grew by 0.4% year-on-year in 2023, to US$18.3m from US$18.2m. This enabled the company to reduce its loss by 7%, to US$4.06m from US$4.36m.

Australia: Cement Australia has received a US$34.4m federal grant for a kiln upgrade to its Railton cement plant in Tasmania. The upgrade will allow the plant to raise its alternative fuels substitution rate. The project is funded by the government’s Powering the Regions initiative, with total investments valued at US$215m.

Australian Minister for Climate Change and Energy Chris Bowen said “This US$215m investment in Australia’s hard-to-abate manufacturing and mining facilities is about securing the future of high-quality, low-emissions products made right here. Northern Tasmania, Central Queensland and Western Australia have been industrial powerhouses for generations, and the government is ensuring that continues. As global markets change rapidly, we’re supporting Australian industry to not only survive but thrive with our world-class products that support regional jobs across the country.”