August 2025

Kyrgyzstan: 174,800t of cement entered Kyrgyzstan in the first half of 2024, more than double first-half 2023 import volumes of 83,200t. Neighbouring Kazakhstan supplied 152,000t (87%) of the total, according to data from the Kyrgyz National Statistical Committee. Central Asia News has reported that other imports originated from China, Iran and Uzbekistan.

Kyrgyzstan’s first-half cement production declined by 2% year-on-year in the period under review, to 1.3Mt. However, it grew by 10% year-on-year in June 2024. The country exported 190,000t of cement throughout the first half of 2024, all of it to Uzbekistan, down by 21% from first-half 2023 levels.

UK: Material Evolution will launch the UK's ‘largest ultra-low carbon cement plant’ in Wrexham in October 2024, reports the Construction Enquirer. The new facility will produce 150,000t/yr of a cement that emits up to 85% less embodied CO₂ than Ordinary Portland Cement (OPC), according to the company. Material Evolution is the driving force behind the €9m Mevocrete project, funded by government-led Innovate UK, and utilises byproducts from the steel industry. Business co-founder Liz Gilligan said that Material Evolution aims to remove one gigatonne of carbon by 2040, while replacing OPC as the ‘go-to’ product for UK construction. The company plans to replicate and scale its production across the UK and Europe.

Chief science officer at Material Evolution and co-lead of the ‘Mevocrete’ project, David Hughes, said "Cement is a binder and what we’re looking at here is creating a net zero embodied carbon cement which is inherently more durable, which means our houses, infrastructure and transport highways would be transformed on mass industry scale, really tapping into a local and national picture of a net zero environment.”

Serbia: Lafarge Serbia is set to build a new cement plant in Ratari near Obrenovac, which will utilise 1Mt/yr of ash from the nearby Nikola Tesla B power plant as a raw material in cement production, reports Balkan Green Energy News. This €110m investment marks Serbia's first cement plant built next to a power plant to harness ash directly from the source and address the country’s problem of ash accumulation in dumps.

CEO of Lafarge Serbia Dimitrije Knjeginjić said "Fly ash cannot be used in the cement or concrete industry, or many other industries, without prior processing. This is exactly what the Ratari plant will be dealing with. We will grind, classify and select 1Mt/yr of ash to produce new construction materials."

India: India’s top cement producers are planning to invest approximately US$15bn from 2025 - 2027 in capital expenditure, according to a report by ratings agency CRISIL. During this period, the industry is expected to expand cement grinding capacity by 130Mt/yr, which represents a fifth of the current capacity. This move is prompted by robust demand and competitive market share goals, reports the Economic Times.

Senior director and deputy chief ratings officer at CRISIL Ratings, Manish Gupta, said "Cement demand outlook remains healthy with a compound annual growth rate of 7% over the financial years 2025-2029. The surge in capital expenditure over the next three financial years will primarily cater to this growing demand as well as to the aspirations of the cement makers to improve their national presence."

India: Adani Group is planning to sell a 2.84% stake in Ambuja Cements through its entity Holderind Investments, aiming to raise US$500m. The sale of 69.96 million shares will be at a price of US$7.15 per share. This move is part of a strategy to divest part of its substantial 70.33% holding in the cement company. Holderind Investments itself accounts for 50.90% of this ownership.

Mexico: Cemento Cruz Azul will invest nearly US$40m to build a new grinding mill at its Lagunas cement plant in Oaxaca to increase cement production capacity. General manager  Mario Morán said that construction will be completed by October 2025.

Víctor Velázquez, chair of the board of directors, said "The mill is designed to be highly energy efficient and environmentally friendly, as it does not use water."

Colombia: Cementos Argos is set to finish construction of a new silo at its Cartagena export terminal by November 2025, aiming to increase its exports of cement to the US and ‘several’ Caribbean countries. Total investments in the project are valued at US$17m. The dome-shaped silo can store up to 20,000t of cement and allows for the simultaneous loading of ships at two docks, potentially increasing cement and clinker exports to 3.5Mt/yr.

New Zealand: Neocrete has entered a partnership with major cement manufacturers, including Cemex, Heidelberg Materials, CRH, Titan, Cementos Argos and Ultratech Cement to promote its new Activator product aimed at reducing the amount of cement required in concrete. The product uses volcanic ash or residual ash from industrial processes to cut the amount of cement required by 40% to 50%, according to the company. Neocrete aims to replace cement completely, resulting in carbon-free concrete, by 2027. The new product will be submitted for life cycle assessment once a new pilot plant in Mt Wellington is operational. The plant is valued at US$2m and will produce 0.12Mt/yr of cement, to meet 10% of New Zealand’s demand.

Co-founder Zarina Bazoeva said "We don't need to produce the whole volume of cement. We activate the concrete chemically with a small catalyst at 3kg compared to 100kg of cement. So, we can scale fast."

Zambia: Chilanga Cement has announced its results for the first half of 2024. Its sales rose by 34% from US$34m in the first half of 2023 to US$45.5m in the reporting period. Profit before tax more than doubled from US$4.2m to US$11.8m.

A couple of stories have popped up this week regarding restrictions on cement imports. First, authorities in Taiwan have launched an anti-dumping investigation into Vietnamese cement. Secondly, and perhaps more surprisingly given its growing economy, the authorities in Kyrgyzstan are planning to ban overland imports of cement from within Central Asia. More on that later…

First, to the Far East, where Taiwan’s Trade Remedies Authority has launched an anti-dumping investigation into cement and clinker imported from Vietnam. It will assess imports covering the year from 1 July 2023 to 30 June 2024 and target seven specific Vietnamese cement producers among others. The Vietnamese companies are mandatory respondents – they will be compelled to answer investigators’ questions.

Vietnamese cement has long been among the cheapest in the region due to the country’s drive to hit production targets, rather than simply meeting demand. The situation has resulted in a vast amount of cement available for export. This, coupled to Vietnam’s long, indented coastline, makes it easy to ship cement overseas.

Even with export volumes falling by 1.2% year-on-year to 31.3Mt in 2023, around a third of Vietnam’s capacity, this is a massive volume of cement - and it’s only getting cheaper. The average export value of Vietnamese cement and clinker fell from US$46-48/t at the start of 2023 to just US$31-32/t in May 2024, a decline of 30-35%. These changes have been due, in part, to an increase in tax on clinker exports from 5% to 10% on 1 January 2023 and an anti-dumping investigation launched by the Philippines in March 2023. Falling prices and volumes represent a ‘double-whammy’ for producers, several of which have announced that they made losses in the first half of 2024. Vicem’s top management said that challenges also arose at home due to a reduced demand following limited civil engineering projects and a stagnant real estate market.

It is easy to see why Taiwanese cement producers may feel threatened by the prospect of greater volumes of cheap cement on their doorstep. Taiwan only made 4.9Mt/yr of cement in the first half of 2024. With domestic prices in the region of US$65-70/t according to Cement Network, this provides a very attractive margin of US$33-39/t for Vietnamese producers to export to Taiwan. It will be interesting to see how far the country’s authorities are willing to go to protect the country’s producers and whether any anti-dumping policies lead to further falls in the landed volumes of Vietnamese cement.

Meanwhile, 4600km to the west, Kyrgyzstan has announced that it will enforce a six-month road import ban on several types of cement including Portland cement, alumina cement and slag cement. The ban, affecting both cement and clinker, will take effect on 1 October 2024 and last for six months. According to the State Statistical Committee of Kyrgyzstan, the country saw a 76% year-on-year increase in cement imports – mainly from Iran, Kazakhstan, China and Uzbekistan - between January 2024 and May 2024. The total import volume over the five months was 125,737t. For a country that made just 1Mt over the same period, this is a major change.

The overland import ban is more of a surprise than the Taiwan / Vietnam situation, as Kyrgyzstan recently reported that the North of the country was experiencing a ‘construction boom’ and cement shortages. However, two new plants due to start production in the coming months could help the country out... unless it too would like to export its newly-developed cement production capacity.

And here we arrive at a ‘classic’ impasse. From Pakistani cement in South Africa, to price arguments in West Africa, import bans in Central Asia and Vietnamese cement in Philippines and Taiwan, more and more exporters are finding that their markets are already self-sufficient in cement, with the US perhaps the notable exception. Soon there will be nowhere left for cement to be exported to. Are we at peak cement?