Tanzania: Huaxin Cement Tanzania Maweni Company has successfully commenced operations at its new Mavini plant. INPR News has reported that the plant will export cement to other countries. This will generate economic growth whilst also creating 1000 new jobs for local people, according to the company.

Spain: Cementos Molins’ revenues were €1.35bn in 2023, marking a 6% year-on-year rise, amid increased cement sales volumes. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 22% to €337m, while its net profit grew by 35% to €151m. The company noted its successes in the face of economic slowdown and supply chain disruptions across its markets.

CEO Julio Rodríguez said “We have achieved record sales and profits in an increasingly complex and uncertain global environment. Moreover, we have once again confirmed the strength of our business model by exceeding our targets.”

Singapore: Hong Leong Asia reported a 5% year-on-year rise in revenue to US$3.03bn and a 19% increase in net income to US$48.3m for 2023. In the second half of the year, the company’s building materials segment raised its sales by 14% to US$256m and more than doubled in profit to US$33.6m. It attributed the growth to its cement and ready-mix operations in Malaysia, which reversed its previous year's losses.

CEO Stephen Ho said "The prices we see in Malaysia now reflect a bit more closely the higher costs of operations. I think we are at a level where profitability starts to kick in for everyone.”

Gabon: Cimaf Gabon is considering establishing a new $147m cement plant in Meba, Estuaire Province. This will help to end Cimaf Gabon's dependence on clinker imports and raise its total cement production capacity by 18% from 850,000t/yr to 1Mt/yr, against local demand of 600,000t/yr.

Managing director Janah Idrissi El Mehdi said "We currently import €32.6m/yr-worth of clinker. The idea behind this investment is to be able to enhance the local industrial fabric and at the same time enable job creation in the order of 1500 jobs in the project phase and 500 jobs in the operating phase. And also in parallel a stabilisation of cement prices."