07 March 2025

Germany: Heidelberg Materials has reported stable group revenues of €21.2bn in 2024, with its result from current operations (RCO) rising by 6% year-on-year to €3.2bn. Geographically, revenues remained steady at €9.5bn in Europe, increased by 2% year-on-year in North America to €5.3bn, declined by 4% in the Asia-Pacific region to €3.5bn, and remained stable at €2.3bn in the Africa-Mediterranean-Western Asia region.

The company states that it is ‘optimistic’ about the current year, and expects demand to stabilise in 2025, forecasting a RCO of €3.25bn - 3.55bn. It will release its full annual report at the end of March 2025.

North Korea: The Sangwon Cement Complex has appealed to smaller cement plants to boost production for major government projects, despite a lack of raw materials and electricity, according to Radio Free Asia.

The ‘vaguely written’ appeal, issued in early February 2025, states the urgent need for cement to complete government housing projects and rural development initiatives, but does not specify how production should increase. One of the projects listed is the Pyongyang housing project, which aims to build 10,000 new homes per year, and a total of 50,000 by the end of 2025.

A resident said “The Sangwon Cement Complex is affiliated with the central committee. Its electricity and raw materials are fully provided by the central party. How can the appeal demand increased cement production from local cement companies when there is no electricity or limestone?”

Another resident noted that most construction is being carried out by military labour units but cement shortages are forcing builders to cut corners, with most rural houses reportedly built from soil mixed with clay, lime, and decomposed granite. Though the appeal came from the Sangwon Cement Complex, residents see it as an implicit order from Kim Jong-un’s government. In the past, citizens were forced to gather sand and gravel for public projects, and some fear this order could have the same effect.

Philippines: Taiheiyo Cement Philippines has informed the government of its plans to improve its distribution system in Luzon, the Department of Trade and Industry (DTI) said.

The company has doubled the capacity of its US$224m Cebu facility from 50,000 bags/day to 100,000 bags/day. Additionally, it is constructing a distribution terminal in Calaca, Batangas, to better serve Luzon, which accounts for 64% of national cement demand.

"Once operational, this new facility will streamline logistics, optimise supply chain efficiency and ensure timely delivery of cement to this critical region," the DTI said.

Uzbekistan: The country's cement companies produced 0.85Mt of cement in January 2025, according to the national Statistics Agency. Cement production increased by 35% year-on-year. In 2023, Uzbekistan produced 0.26Mt and in 2024 it produced 0.63Mt.

Vietnam: Cement production reached 22.7Mt in the first two months of 2025, up by 7% year-on-year, according to the General Statistics Office (GSO). In February 2025, the country produced 11.3Mt of cement, marking a 24% increase compared to the same month in 2024.

In 2024, Vietnam produced 184Mt of cement, reflecting a 4% rise year-on-year based on revised figures.