October 2025
Türkiye: Aşkale Çimento has appointed Furkan Sağlam as its Marketing and Sales Chief. He has worked at the company since 2000 in sales and marketing roles. Prior to this he worked for Gözen Holding. He holds business administration degrees from Giresun University in Türkiye and Uniwersytet WSB Merito Gdańsk in Poland.
Holcim publishes 2023 results 28 February 2024
Switzerland: Holcim recorded a 7.5% drop in sales to US$30.6bn in 2023, ‘largely’ due to its divestment of its cement businesses in India and Brazil. On a like-for-like basis, its sales rose by 6.1%. The group’s earnings before interest and taxation (EBIT) rose by 0.2% to US$5.4bn, but by 15% like-for-like. It attributed this both to price rises and cost-saving measures in its cement and concrete operations. Net profit fell by 7.5% to €3.47bn, including a €1.7bn special gain from its Indian divestment. Holcim says that it implemented its Strategy 2025 – Accelerating Green Growth two years ahead of schedule.
Adbri reports sales and earnings growth in 2023 28 February 2024
Australia: Adbri reported 13% year-on-year growth in sales to US$1.25bn in 2023, up from US$1.1bn in 2022. The company's earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 5.2% to US$193m. The year marked the successful launch of its EcoCem and Futurecrete reduced-CO2 cement and concrete ranges. At the end of the year, Adbri’s ongoing US$255 – 277m upgrade to its Kwinana grinding plant was 70% complete.
Deputy chair Samantha Hogg and CEO Mark Irwin said “In 2023 we took significant steps to refocus and reshape our organisation to support a more resilient Adbri and to invest in our future. Our focus on best‑in-class customer solutions and margin recovery has supported a strong full-year financial result.”
Taiwan Cement Corporation exceeds profit forecast in 2023 28 February 2024
Taiwan: Taiwan Cement Corporation's sales were US$3.45bn in 2023. Smartkarma Newswire has reported that this is 1.4% lower than its forecast of US$3.5bn. Nonetheless, the company’s profit exceeded its expectations by 3.6%, at US$316m.
Cosmos Cementos completes cooling system upgrade at Toral De Los Vados cement plant 28 February 2024
Spain: India-based Nasequip Systems says that it has successfully commissioned a new dual fluid gas cooling system at Cosmos Cementos’ Toral De Los Vados cement plant. The supplier said that the upgrade will help to increase productivity and efficiency. It thanked Türkiye-based DAL Engineering for selecting its equipment.
Taiwan Cement (Dutch) Holdings pays €65m to acquire Cimpor stake 28 February 2024
Portugal: Taiwan Cement (Dutch) Holdings paid €65m to acquire its new stake in Cimpor, Reuters has reported. Parent company Taiwan Cement Corporation agreed to buy current majority shareholder OYAK Çimento’s 60% stake in Cimpor for €480m in November 2023.
Uganda: The government has granted a 21-year mining licence to Sunbird Resources to support a cement plant project near the border with Kenya. The licence will allow the local company, which is working with China-based West China Cement, to mine limestone, according to Reuters. The partners intend to build a 1Mt/yr integrated cement plant.
CRH to acquire Adbri majority stake for US$1.4bn 27 February 2024
Australia: CRH has concluded a deal to acquire the remaining 57% of shares in Adbri not owned by Barro Group for US$1.4bn.
CRH CEO Albert Manifold said “We are pleased to reach this important milestone in the potential acquisition of Adbri in partnership with the Barro family. Adbri is an attractive business with high-quality assets and leading market positions that complement our core competencies in cement, concrete and aggregates, while creating additional opportunities for growth and development for our existing Australian business. We look forward to working with the Barro family over the coming years to enhance the long-term growth and performance of Adbri.”
NeoCem to build €50m clay calcination plant 27 February 2024
France: NeoCem plans to build a €50m clay calcination plant at Saint-Maximin, Picardy. The company recently raised €23m in investments in its Series A funding round. The Le Journal des Enterprises newspaper has reported that the Saint-Maximin plant will enter operation in 2025, and will subsequently grow to 200,000t/yr in capacity. NeoCem aims to employ 100 people by 2030.
Head of industrial deployment Guillaume Luu said “To be used in concrete, limestone must be heated for several hours at 1400°C. Our clay-based binder generates CO2 emissions of 120kg/t, compared to almost 1000kg/t of limestone binder, and our technology can transform all types of clays available. The idea is not to open new quarries, but to give a second life to materials already on the surface." He continued “The up-cycling of clays and their transformation into a low-carbon binder addresses several challenges for the construction sector. On the one hand, the reuse of clay waste, and on the other hand, the decarbonisation of the building materials sector.”
Omran White Cement Company to establish US$2.6m cement facility at Suhar Industrial City 27 February 2024
Oman: Omran White Cement Company plans to build a new cement “facility” at Suhar Industrial City, Al Batinah North Governorate. The Times of Oman newspaper has reported that project will command an investment of US$2.6m. Given the price tag, the upcoming facility may be for the distribution and storage of cement, or of raw materials for cement production. Suhar Industrial City is situated within 15km of Sohar port. Omran White Cement Company’s project is one of four recently announced in Suhar Industrial City, with a combined value of US$44.2m.



