31 December 2025

India: The Cement Manufacturers' Association (CMA) has elected Parth Jindal as president. Raghavpat Singhania has been appointed as the vice president of the association.

Parth Jindal is the managing director of JSW Cement. He is the youngest elected president of the CMA in its 60-year history, at 35 years old. Jindal will be responsible for driving CMA's policy agenda with the policy makers, regulators and other stakeholders, with an emphasis on sustainable manufacturing practices, energy transition (decarbonisation) and logistics optimisation, to present the collective voice and priorities of the Cement Industry at CMA.

Raghavpat Singhania is the managing director of JK Cement with considerable experience in the grey and white cement sector. He is expected to further advance CMA's objectives by strengthening industry advocacy and engagement.

The CMA is the association of large cement manufacturers in India. It represents almost 70% of the installed cement capacity in the country.

Europe: The European Commission will expand the scope of the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) to include industrial machinery at the start of 2028. The carbon tariff will add specific steel and aluminium-intensive downstream products. The majority, 94%, of these downstream goods concerned are industrial supply chain products with a high (on average 79%) steel and aluminium content, used in heavy machinery and specialised equipment, such as base metal mountings, cylinders, industrial radiators or machines for casting. A small share, 6%, of the downstream goods concerned are also household goods such as washing machines.

Importers of cement, aluminium, electricity, fertilisers, hydrogen and iron and steel will start to pay a tax based on the carbon emissions of these products from the beginning of 2026. The European Commission has also launched a Temporary Decarbonisation Fund in order to temporarily support EU producers of CBAM goods and mitigate carbon leakage risks.