India: The India Cements’ revenue fell by 24% year-on-year to US$244m in the six months to 30 September 2024 from US$320m in the same period in 2023. Its reported loss grew to US$33.3m from US$19.8m. Sales volumes declined by 15% to 4.26Mt from 5.04Mt. The company’s performance was negatively affected by weak cement demand and a significant decline in prices, according to the Hindu newspaper. It also said that is was unable to benefit from lower fuel costs, particularly petcoke, as lower sales volumes reduced its margins. The cement producer was purchased by UltraTech Cement in July 2024.

Spain: FCC spin-off company Inmocemento plans to start trading shares on the Spanish Stock Exchanges from 12 November 2024. The cement and real estate business is expected to have a market value of €1.93bn, according to Reuters. FCC said in October 2024 that it had transferred related assets to Inmocemento. This included most of the assets from subsidiaries FCYC and Cementos Portland Valderrivas, in addition to FCC's cement plants and the share it owns in real estate developers Realia and Metrovacesa. All FCC shareholders received a number of shares in Inmocemento proportional to their holdings in FCC. Plans for the spin-off were first reported in May 2024.

Paraguay: Gerardo Guerrero, the president of Industria Nacional del Cemento (INC), says that the state-owned company is close to reaching its target of producing 11 million bags of cement in 2024. In October 2024 it manufactured 1.07m bags of cement and sold 1.27m, according to the Agencia de Información Paraguaya. Guerrero attributed the achievement to the company switching its supply chain to land-based transport due to poor conditions on the Paraguay River. INC reportedly has a 37% market share. It operates an integrated cement plant at Vallemí and a grinding unit at Villeta.

Philippines: CRH is considering selling its cement business in the Philippines. The company has engaged UBS Group to assess investors' interest in acquiring assets, with negotiations ongoing. In 2019, CRH attempted to sell its Philippines cement business for US$2 - 3bn as part of an asset portfolio optimisation, but the divestment is reportedly now worth ‘significantly’ less due to a ‘more complex’ business environment, according to AK&M Information Agency.

CRH first entered the Philippine market in 2015 by acquiring Republic Cement, the second largest cement producer in the Philippines.

Greece: Titan Cement has announced its financial results for the first nine months of 2024. The group’s sales increased by 5% year-on-year to €1.99bn. Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the period reached €455m, marking a 15% year-on-year increase. Net profit after tax also rose by 20% during the period to €238m.

In terms of regional performance, the US business saw an increase of 4.2% year-on-year to €1.15bn and EBITDA growth of 20%. Greece and Western Europe experienced an 8.4% increase in sales to €324m, though EBITDA declined by 4.5% year-on-year. Southeast Europe saw an increase in sales of 4% to €327m with EBITDA rising by 19% during the period. Meanwhile, in the Eastern Mediterranean region, sales improved by 5% to €183m, despite a 21% reduction in EBITDA. Titan Cement said that it maintains a positive outlook for the remainder of 2024, driven by solid pricing and overall healthy volumes.

Türkiye: The Ministry of Environment, Urbanisation and Climate Change has initiated a new process for the ‘Integrated Cement Factory and Raw Material Quarries Project’ in Muğla, which had previously been halted due to local opposition and judicial rulings. A meeting of the Investigation and Evaluation Commission (IAC) is scheduled for 28 November 2024, according to the Ministry's announcement on 6 November 2024.

According to Railly News, the project ran into difficulties when construction by local company Muğla Cement Industry and Trade began in 2021. Following environmental concerns, the Muğla 2nd Administrative Court cancelled the construction permit and the environmental impact assessment (EIA) 'positive' decision, citing non-compliance with the law. A request to appeal was denied.

In response to these developments, local environmental groups and residents have continued their legal efforts, most recently challenging the designation of the plant area as an 'Industrial Area' in the regional development plan. The case remains pending.

Nigeria: Lafarge Africa has launched a new alternative fuel and raw material (AFR) platform at its Mfamosing cement plant in Cross River State, with the aim to reduce its CO₂ emissions. The facility will replace traditional fossil fuels with alternative energy sources derived from non-recyclable materials, according to the Nigerian Tribune.

Germany: In the first nine months of 2024, Heidelberg Materials' sales fell by 2.1% to €15.75bn from €16.8bn in the same period of 2023. The result from current operations before depreciation and amortisation rose by €101m or 3% to €3.28bn, while the result from current operations increased by €58m or 2.6% to €2.33bn.

The company’s businesses in Europe reported a revenue of €7.1bn in the nine-month period, a 2.7% decrease from €7.3bn in 2023. In North America, Heidelberg Materials reported a revenue of €3.98bn, marking a 0.5% increase from January - September 2023. In the Asia-Pacific region, revenue decreased by 5.2% to €2.6bn, and the Africa-Mediterranean-Western Asia region also saw a decline of 6.2% year-on-year to €1.65bn.

Ireland: CRH reported a rise in revenue to €9.56bn in the third quarter of 2024, up by 4% year-on-year. Net income grew by 5% in the third quarter to €1.27bn. Adjusted earnings by interest, taxation, depreciation and amortisation (EBITDA) rose by 12% to €2.28bn.

For the first nine months of 2024, total revenues increased by 2% to €24.3bn. Year-to-date net income grew by 13% to €2.55bn, with adjusted EBITDA also up by 12% to €4.73bn. Despite adverse weather, CRH anticipates positive market dynamics to continue into 2025, projecting net income between €3.44bn and €3.5bn and adjusted EBITDA between €6.25bn and €6.34bn. ​

Europe: Titan Group and Ecocem will partner for the development of Ecocem's low-carbon cement technology, ACT, in Europe. This partnership will produce a new low-carbon cement by substituting a ‘substantial portion’ of clinker with supplementary cementitious materials, reportedly reducing cement's carbon footprint by up to 70%.