10 November 2025

Italy: Cementir Holding’s cement volumes rose by 2% and aggregates by 5%, while ready-mix concrete remained stable at -0.3% in the first nine months of 2025, compared to the same period in 2024. Revenue stood at €1.23bn, down by 0.7% from €1.24bn in the same period of 2024. Earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by 3% year-on-year from €296m to €287m, while profit before tax dropped by 17% year-on-year from €210m to €174m. Despite geopolitical challenges and a weak macroeconomic environment, Cementir confirmed all full-year targets.

Francesco Caltagirone Jr, chair and CEO, said “The results for the first nine months of 2025 are in line with our expectations, with the third quarter showing an improvement in cement and aggregates volumes. We are effectively managing operational challenges while continuing to pursue our strategic objectives and growth path with determination. At the same time, we are accelerating our decarbonisation projects, particularly in carbon capture and storage technologies. While awaiting potential market opportunities, we remain committed to further strengthening our financial position.”

Saudi Arabia: Cement sales rose by 7% year-on-year and 8% month-on-month to reach 5.24Mt in October 2025, the highest monthly figure since March 2021, according to a research note from Al Rajhi Capital.

All producers recorded month-on-month volume growth except Yamama Cement, which nevertheless strengthened its market leadership with a 15% share, up from 12% in the 2024 financial year. Saudi Cement followed with a 13% share, compared to 12.5% the previous year. Regionally, the Eastern Province led growth with a 17% year-on-year increase in sales, followed by the Central Region at 16%. The Northern, Western and Southern regions saw declines of 3%, 2% and 0.8%, respectively. Clinker inventories stood at 44.1Mt at the end of October 2025, down by 0.2% month-on-month.

Brazil: Cement sales were 6.3Mt in October 2025, up by 7% year-on-year, according to preliminary data from the National Cement Industry Union (SNIC). Between January and October 2025, cumulative sales reached 56.6Mt, marking a 3.5% increase compared to the same period in 2024. Shipments per working day averaged 252,300t, up by 5% year-on-year.

The sector’s performance reflected the contradictory macroeconomic scenario, which combined strong employment and infrastructure activity with high interest rates, rising defaults and household indebtedness.

SNIC reaffirmed its 2025 growth projection of 2-3%, supported by the continued strength of the government’s ‘Minha Casa, Minha Vida’ housing programme, which is expected to generate an additional demand of 2.5-3Mt/yr of cement, as well as continued investments in infrastructure.

Paulo Camillo Penna, president of SNIC, said “The Brazilian cement industry has a long history of acting with environmental, social and economic responsibility. Shortly after implementing the sector's mitigation roadmap in 2019, we renewed our commitment to decarbonisation with a proposal to achieve net-zero emissions by 2050. The roadmap covers the entire cement value chain, supported by the development of alternative fuels and raw materials, energy efficiency, carbon capture, storage and use, as well as nature-based solutions. Technology and innovation play a central role, with the active participation of academia, funding agencies and the construction supply chain.”

Serbia: Lafarge Srbija, part of the Holcim group, has officially changed its name to Holcim Srbija to align its corporate identity with the global group. Lafarge Srbija has been part of Holcim since 2015.“The name change completes the company’s corporate profile and represents an even more decisive step towards a future that is more sustainable, responsible and innovative,” said Dimitrije Knjeginjic, CEO of Holcim Srbija.

The company operates a cement plant in Beočin, along with several concrete facilities, and plans to build a new €112m cement plant in Belgrade’s Obrenovac municipality. The company acquired the Jazovnik stone quarry in Vladimirci, around 30km from the planned Obrenovac site, earlier in 2025.