Vicem returns to profit in first half of 2025
Vietnam: Vietnam Cement Industry Corporation (Vicem) recorded a consolidated after-tax profit of US$1.3m in the first half of 2025, following two consecutive years of losses, according to The Investor magazine. Clinker production reached 7.96Mt, up by 6.5% year-on-year, while cement exports totalled 0.71Mt. Looking ahead to the rest of 2025, Vicem expects domestic cement consumption to grow in the second half of 2025 due to increased public investment in infrastructure and recovering real estate supply, despite challenges from rain and storms in the northern and central regions, which could potentially affect demand. In addition, the industry continues to face challenges such as oversupply, price competition and changing customer preferences.
Vicem chair Nguyen Quoc Viet said that the company will focus on maintaining profitability by optimising clinker operations, enhancing efficiency and securing raw material supplies by securing a license and approval for mining exploration. It will also reportedly invest in technology upgrades and accelerate waste heat recovery power projects to reduce energy costs and CO₂ emissions.
Vicem manages 10 plants, housing 16 production lines, with an annual capacity of 20Mt/yr of clinker and 27Mt/yr of cement. It was the only one of six firms under the Ministry of Construction to report a loss in 2024, when it recorded a consolidated loss of US$55.15m.
Morocco: Cement sales are expected to reach 6.8Mt by the end of June 2025, up 10% from 6.2Mt in the same period in 2024, according to the Ministry of National Land Use Planning, Urban Development, Housing and Urban Policy.
Sales by members of the Professional Association of Cement Manufacturers (APC) – Asment Temara, Ciments de l'Atlas, Ciments du Maroc, LafargeHolcim Maroc and Novacim – totalled 0.83Mt in June 2025, up by 12% year-on-year from 0.75Mt.
Philippines: Aboitiz Construction has signed a three-year contract with Republic Cement and Building Materials (RCBM) to deliver site-specific services at the Norzagaray plant in Bulacan, the Teresa plant in Rizal, and the Danao City plant in Cebu.
The scope includes industrial housekeeping and general upkeep at Teresa, industrial housekeeping at Bulacan and technical manpower support for maintenance at Danao. The project will source around 80% of manpower from local communities.
US: The American Cement Association expects that data centres will need 1Mt of cement by 2028 as investment in artifical intelligence technology rises.
Data centres are projected to consume 247,000t of cement in 2025 and 860,000t by 2027. There were 5426 operational AI data centres in the US at the end of March 2025, with the number reportedly expected to exceed 6000 by 2027. However, the association warned that there could be challenges in meeting this demand, such as regulatory hurdles and labour shortages.
Cementos del Norte inaugurates new mill in Honduras
Honduras: Cementos del Norte has inaugurated its new Mill No. 4 at the Río Bijao plant in Choloma, Cortés, according to a social media post by the producer. The new unit adds 140t/hr of cement production capacity, raising the plant’s total capacity to 7000t/day.
Pakistan: Lucky Cement exported over 3Mt of cement and clinker by sea in the 2024–25 financial year, the highest on record for the company and for Pakistan, according to Mettis Link News. The producer accounted for 42% of the country’s total cement and clinker exports during this period. The company said that 60% of the energy used for the export operations came from renewable sources, including wind, solar and waste heat recovery.
Global: P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, will acquire a 51% controlling stake in NovaAlgoma Cement Carriers’ wholly owned cement assets, according to Offshore Energy news. POML has entered a definitive agreement with NovaAlgoma Cement Carriers, the joint venture between Canada’s Algoma Central Corporation and Italian-Swiss Nova Marine Group.
The deal excludes NovaAlgoma’s joint venture interests in Northern Europe, Indonesia and Greece. NovaAlgoma will retain a 49% minority interest to be held in a new entity based in Dubai (NACC). Vessel operations will remain unchanged under current commercial and technical management, the companies said. NovaAlgoma's cement assets serve key infrastructure markets across North America, Europe, the Mediterranean, South Asia and the Caribbean.
Nova CEO Vincenzo Romeo said “We’re excited about the opportunities this partnership with DP World brings. It will allow us to expand the geographic reach of our fleet and better serve global logistics demands.” He added “NACC’s pneumatic cement carriers play a vital role in supporting the construction industry, delivering cement powder for infrastructure projects, now to even more regions around the world.”
Terra CO2 secures US$124m in funding round
US: Terra CO2 (Terra) has raised US$124.5m in series B equity funding, with co-leads Breakthrough Energy Ventures, Eagle Materials, GenZero and Just Climate, the round included investment from Barclays Climate Ventures. Additional strategic investors to join the round include Cemex and Siemens subsidiary Siemens Financial Services.
The capital will support the construction of Terra’s first 240,000t/yr advanced-processing facility in Dallas Fort Worth, expansion of its team and sites, and development of further commercial-scale cementitious projects.
CEO Bill Yearsley said “Terra's mandate is to deliver cementitious material solutions that the market would purchase solely based on cost and performance, even if there was no carbon benefit. The fact that Terra's cementitious materials also offer significant carbon mitigation is an additional advantage for the built environment.”
Terra produces supplementary cementitious materials as an alternative to traditional Portland cement, from resources like fly ash. Its second product, Opus Zero, is currently in the testing phase and would serve as a complete replacement for Portland cement.
France: Hoffmann Green Cement Technologies has reported a 250% rise in production volumes to 19,640t in the first half of 2025, compared to 7833t in the first half of 2024. The result also exceeded the company’s total 2024 output of 16,269t. The company supplied its products to more than 130 construction sites across France during the period. It said that the result was primarily driven by a ‘strengthened partnership’ network and the successful diversification of targeted markets.
CNRG urges halt to US$1bn cement project in Magunje over human rights and environmental concerns
Zimbabwe: The Centre for Natural Resource Governance (CNRG) has called on the Ministry of Mines and Mining Development to suspend operations on a US$1bn cement project in Magunje, Mashonaland West, citing ‘a spiralling crisis’ of human rights abuses, forced displacements and environmental harm, according to Pindula News. The project is led by Labenmon Investments, in partnership with China-based West International Holding. It is expected to produce 0.9Mt/yr of cement and 1.8Mt/yr of clinker. The project will reportedly create 5000 jobs and spur local development, but CNRG has raised concerns on behalf of local communities.
There have been reports that communities have been forcefully removed from their ancestral lands and graves of relatives ‘desecrated’ in the wake of mining developments. The group also raised concerns about alleged ‘fraudulent consultations,’ with legally required village meetings bypassed and affected communities excluded from decision-making processes. The newspaper also reported that eight villagers from Kapere were arrested for standing up to the mining project and continue to be summoned to the court despite the complainants failing to appear. CNRG staff members also reportedly faced threats from the Zimbabwe National Army while conducting an inspection in Kemapondo village.
There are also reports of the local Magunje Dam being polluted by the cement plant and of fires sparked during land clearing exercises, which have razed farmlands. There are also concerns of labour violations, with employees allegedly working in dangerous conditions, below the minimum wage and without formal contracts. The Zimbabwe Diamond and Allied Minerals Workers Union has escalated the matter to the Labour Court.