08 April 2025

Kazakhstan: Steppe Cement sold 0.28Mt of cement and generated US$12.5m in the first quarter of 2025, up by 57% in volume and 71% in revenue year-on-year. Clinker production rose by 14%, positioning the company ‘favourably’ for the upcoming busier summer months.

Kazakhstan’s cement sales rose by 20% to 2.03Mt in the quarter, while exports fell by 5% and imports, particularly from Uzbekistan and Russia, rose to account for 9% of the market.

Steppe Cement maintained a conservative outlook for the rest of 2025, citing rising inflation and ‘global developments’ as potential challenges, but expects market demand to remain around 12Mt, similar to 2024.

India: The Mumbai bench of the National Company Law Tribunal has approved Nuvoco Vistas’ US$209m acquisition of Vadraj Cement. The deal will raise Nuvoco’s installed capacity by over 20% to around 31Mt/yr. It will be executed through wholly-owned subsidiary Vanya Corporation, which will be merged with Vadraj Cement as part of the deal.

Nuvoco Vistas will invest a further US$139m over 15 to 18 months to revive Vadraj Cement’s operations, which have reportedly been stalled for ‘nearly seven years’, and begin production by the end of 2026. Vadraj Cement’s assets include a 3.5Mt/yr clinker unit in Kutch and a 6Mt/yr grinding unit in Surat, Gujarat.

Argentina: Cement despatches in the first three months of 2025 reached 2.3Mt, up by 11% from the same period in 2024. In March 2025, despatches rose by 17% year-on-year and by 1% month-on-month from 0.63Mt and 0.73Mt respectively. The country exported 7791t of cement in March 2025, bringing the year-to-date total for exports to 24,971t. Argentina imported 61t in March 2025 and 618t so far in 2025.

Nepal: Hetauda Cement Industry resumed cement production on 7 April 2025 following a five-month suspension due to electricity shortages. According to general manager Nabin Kumar Karna, the plant requires 8MW/day of electricity to crush limestone.

The plant reportedly holds 1900t of coal in reserve and is acquiring a further 4000t through a bidding process. Though its capacity is 18,000 bags/day, current output is only 12,000 bags/day.

Pakistan: Lucky Cement has successfully completed Pakistan’s first ever clinker shipment to Brazil. Senior export manager Rafique Ahmed posted the news on social media, saying that the company had now ‘expanded [its] global footprint’ and strengthened Pakistan's presence in international markets.