15 April 2025

Kenya: Bruno Oguda Obodha, who had previously been appointed by the Kenyan President William Ruto to be managing director of East Africa Portland Cement Company (EAPCC), has been charged with fraud. He is accused of forging documents with the intent to commit fraud on various dates in 2024. Obodha never served at EAPCC, as its board rejected his appointment in December 2024, citing its suspicions of fraud.

The charges include deliberately confusing membership of the Blue Make International Security Company with that of the Protective Security Industry Association, altering a document relating to EAPCC with the intent to defraud, and making a document without authority.

Obodha will be trialled in court on 29 April 2025.

UK: A consortium led by HydraB Group - including Hygen Energy, Ryze Power, HYCAP Group and Wrightbus -has submitted proposals to the UK government for the development of Project HySpeed. The project targets 1GW of green hydrogen production capacity by 2030. The €7.6bn project aims to develop a national network of hydrogen production hubs to fuel energy-intensive industries like steel, glass and cement production,via the gas grid.

Project HySpeed, which is also backed by a large private-sector coalition that includes Centrica (owner of British Gas), JCB, Johnson Matthey, Heidelberg Materials UK, ITM Power and National Gas, aims to cut CO2 emissions from heavy industry by 1Mt/yr.

Earlier in April 2025, the UK government shortlisted 27 electrolytic hydrogen projects to progress to the next stage of the Second Hydrogen Allocation Round (HAR2), during which the government expects to support up to 875MW. It previously allocated €2.23bn of funding for 11 large-scale green hydrogen projects under HAR1.

Greece: Titan Group has acquired the Latekat quarry business based in the Thessaly region. Latekat holds reserves of over 100Mt of aggregates. The company said that this latest transaction follows the purchase in 2024 of an aggregates quarry in Attica and the recent finalisation of a long-term commercial agreement in the Southern Peloponnese, securing additionally over 60Mt of reserves. It added that these initiatives are part of its ongoing vertical integration strategy, creating synergies for both its cement and ready-mixed concrete businesses.

Colombia: Jorge Mario Velásquez, the president of Grupo Argos, has revealed the group’s plans for its subsidiary Cementos Argos, following its sale of a 31% stake in US-based Summit Materials in February 2025. Mario Velásquez told the El Colombinao newspaper in an interview that, in the short term, around US$3bn is being invested in fixed-income securities in the US. In the medium term, the company is evaluating investment opportunities in heavy building materials and logistics companies. The latter sector is being considered to maximise the reach of existing production capacity. He added that aggregates in the US are being looked at. However, the company is prepared to consider investing elsewhere.

In March 2025 bondholders and shareholders of Grupo Argos and Grupo Sura agreed to a spin-off agreement to dispose of cross-shareholdings between the conglomerates.

Chile: FLSmidth has inaugurated a new manufacturing plant for mill liners and related products in Casablanca. The Denmark-based company has invested €21m in the 11,250m² unit. It has a capacity of 6500t/yr of coatings. FLSmidth said that LEED-certified mill liner manufacturing facility reduces carbon emissions by up to 56% in the manufacturing process and recycles and reuses all water used during the manufacturing process as well. The site will also create up to 250 new jobs in the Valparaìso region

Mikko Keto, CEO of FLSmidth commented, “Our new Casablanca mill liner manufacturing facility, which joins FLSmidth’s extensive service network in Chile, is much more than manufacturing infrastructure - it is a statement of our commitment to responsible mining, our mill lining portfolio and the communities of South America."

FLSmidth said in early 2024 that it was planning to sell its cement equipment division, FLSmidth Cement. This decision was made so the company could focus on its mining business.

Indonesia: Semen Indonesia has blamed falling sales and earnings in 2024 on a contracting local market and increased competition. The group’s revenue fell by 6% year-on-year to US$420m in 2024 from US$449m in 2023. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 30% to US$63.9m from US$90.5m. It noted that, despite this, it managed to maintain a positive profit before tax due to lowered operating and financing costs.

Its sales volumes decreased by 6% to 38.3Mt from 40.6Mt. The group attributed a fall in demand for bagged cement nationally as a contributing factor to lowered local demand. A slowdown in several infrastructure projects, including the Nusantara Capital City, in late 2024 further added to this trend. Export sales also declined.

Algeria: Groupe des Ciments d'Algérie (GICA) has officially recommissioned the 1Mt/yr Timegtane cement plant in Adrar after a period of closure. Sifi Ghrieb, the Minister of Industry, visited the plant to mark the occasion, according to Le Jeune Independent newspaper. The unit partially re-started production in March 2024. A second 1.5Mt/yr production line at the plant is due to be commissioned soon.

The government transferred the ownership of the plant to GICA as part of a reported state drive against corruption. It was originally inaugurated in 2017 as a joint-venture between local company STG Engineering and the China Triumph International Engineering (CTIE). Construction of a second production line at the site was previously reported in 2018.