Switzerland: Holcim recorded net sales of €8.5bn, up by 5% year-on-year, in the first half of 2026. Operating profit was €1.37bn. In the second quarter of 2026, net sales reached €4.7bn. for Its Building Materials product line, which includes cement, it recorded sales of €3.42bn It said that net sales of its sustainable ECOPlanet product amounted to 40% of total cement sales. It upgraded its guidance for the 2026 financial year to ~5% organic net sales growth from 3-5% previously.

CEO Miljan Gutovic said “In the first half of 2026, we achieved strong profitable growth while completing two value-accretive, strategic acquisitions: Xella across 22 European markets and a majority stake in Cementos Pacasmayo in Peru. Holcim delivered strong organic growth in net sales in the first half, driven by its leading positions in highly attractive markets. Building on our strong results and our resilient and proven business model across all economic cycles and market conditions, we upgrade our full-year 2026 guidance.”

Greece: Titan recorded sales of €1.42bn in the first half of 2026, representing an increase of 7% year-on-year, which is attributed to higher sales in all regions supported by overall increased volumes in its core products. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 9% to €312m. Cement sales volumes reached 9.5Mt, up by 7% year-on-year.

For the second quarter of 2026, it reported sales of €784m, up by 14% year-on-year, and earnings before interest, taxation, depreciation and amortisation (EBITDA) of €174m, up by 4% year-on-year. It said that this was supported by a strong performance in June 2026 and balanced growth contributions.

In the US, performance remained strong despite mixed local market conditions, as softer demand in Florida was offset by robust activity in the Mid-Atlantic. In Greece, growth continued, driven by increased demand across all product categories. In Western Europe, the group faced a ‘challenging’ construction market across most countries. Southeastern Europe saw strong performance and so did the Eastern Mediterranean region, including Egypt and Türkiye.

John Ioannou, Group CFO, said “The group delivered a very strong financial performance in the first half of 2026, driven by disciplined execution, the earlier than expected financial contribution from the acquisitions and a continuous focus on profitability and cash generation. Performance was further supported by the successful launch of PRIME, the group’s cost optimisation and self-help initiative, which has helped offset inflationary and geopolitical cost pressures, while reinforcing operational efficiency. We maintain a strong financial position, supported by the successful bond issuance, which enhanced our acquisition capacity while preserving a solid balance sheet and comfortable leverage levels. Our strong first-half performance positions us well in delivering another year of strong profitability growth.”

Ireland/US: CRH recorded revenues of US$10.8bn in the second quarter of 2026, up by 6% year-on-year, driven by demand and contributions from acquisitions. It recorded a net income of US$1.5bn, 13% higher than the same period of 2025, and an earnings before interest, tax, depreciation and amortisation (EBITDA) of US$2.6bn. It said that cement volumes declined by 2%, impacted by adverse weather in certain markets and subdued residential demand. Its division Americas Materials Solutions, which includes cement, recorded total revenues of US$4.96bn, up by 10% from the second quarter of 2025. Its division International Solutions recorded revenues of US$3.7bn, up by 5% year-on-year. Cement volumes were up by 6% compared to the previous corresponding period.

Jim Mintern, CEO, said “We delivered a strong second-quarter performance driven by good commercial execution, favourable underlying demand and further contributions from acquisitions. We remain focused on active portfolio management, completing three non-core divestitures, while reallocating capital into higher-growth, connected businesses. Notwithstanding current geopolitical and macroeconomic uncertainties, we remain encouraged by the underlying demand across our key markets and are pleased to reaffirm our guidance for 2026 net income and adjusted EBITDA, leaving us well positioned to deliver another year of growth and value creation.”

Thailand/Germany: The Thai Cement Manufacturers Association (TCMA) has expanded on its partnership with Germany’s development agency, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), to accelerate the adoption of low-carbon technologies in Thailand’s cement industry. The collaboration aims to transfer proven technologies and expertise from developed economies to support Thailand’s transition toward net zero emissions by 2050. Members of TCMA will advance towards net zero emissions through expansion of low-carbon cement, improved energy efficiency, increased use of alternative fuels and raw materials and greater reliance on renewable energy.  The cooperation covers technology transfer, capacity building, access to ‘green’ finance and support for industry readiness.

Nopadol Ramyarupa, vice chair of TCMA, said "TCMA now has tangible progress and clear direction. The challenge is scaling up while maintaining competitiveness." 

More Articles ...

Subcategories