October 2025

Laos: Workers at the Guestown-Lao cement plant have been paid back wages in a dispute. All 170 employees owed money by the Guestown-Lao company plant in Luang Prabang province’s Nam Bak district have now received US$42,000 from the plant’s new owner, according to Radio Free Asia. Some of the former employees of the plant have also returned to work under the new management.

Provincial authorities detained the Chinese owner of the Guestown-Lao plant in April 2021, accused him of failing to pay wages to his Lao workers in November 2020 and subsequently filed criminal charges against him. He is now awaiting trial on the charges. The company has since been taken over by China-based Jian Qe.

Greece: HeidelbergCement subsidiary Halyps Building Materials has agreed to sell its aggregates business and two ready-mix concrete plants to Heracles Group, part of Switzerland-based LafargeHolcim. Heracles Group said that the acquisition would enable it to better serve the growing Athens metropolitan area and key infrastructure projects regionally. The value of the deal is undisclosed.

LafargeHolcim’s Europe, Middle East and Africa regional head Miljan Gutovic said, “I am excited about the opportunities and growth prospects of this acquisition in the Attica region of central Greece. It will provide additional support towards our net zero ambition with our leading range of sustainable building solutions such as EcoPact green concrete.” Heracles Group launched EcoPact on the Greek market in April 2021. In the first four months of 2021, LafargeHolcim completed four other bolt-on acquisitions.

HeidelbergCement remains active in the market through its subsidiary Halyps Cement. The company operates the 0.7Mt/yr Apropyrgos cement plant in Athens. Chief executive officer Dominik von Achten said, "We are pleased that the transaction has been successfully signed.” He added that the realignment is the next step in the group’s portfolio optimisation as part of its Beyond 2020 strategy. In January 2021, its subsidiary Suez Cement departed from the Kuwait cement market with the sale of its majority stake in Hilal Cement.

India: Dalmia Bharat’s consolidated revenue rose by 9% year-on-year to US$1.43bn in its 2021 financial year from US$1.31bn in the same period in 2020. During the period, which ended on 31 March 2021, its sales volumes of cement grew by 7% to 20.7Mt from 19.3Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 32% to US$377m from US$285m.

Puneet Dalmia, the managing director of Dalmia Bharat said, “I am delighted with our company’s performance this year. The performance is backed by broad-based revenue growth of 9.0% across each region of our operation and EBITDA margin expansion. Through a much disciplined execution, we have successfully increased our capacity by 16% while simultaneously pre-paying our gross debt.”

Argentina: Holcim Argentina, part of Switzerland-based LafargeHolcim, has completed a US$120m upgrade at its integrated Malagueño cement plant in Córdoba province. In a meeting with the Minister of Productive Development, Matías Kulfas, the cement producer said it was planning in inaugurate a newly refurbished 0.51Mt/yr production line at the site later in May 2021. The work also included adding a vertical roller mill and new bagging area with a capacity of 120,000bags/day. The project was originally announced in late 2017 and Germany-based KHD was awarded a related contract in early 2018.

Spain: Cemex España reopened its Lloseta cement plant in Majorca in mid-April 2021. The unit will start by operating at a low production level until demand levels build, according to the El País newspaper. The plant intends to use alternative fuels such as biomass to reduce its CO₂ emissions. It is also working with the Power to Green Hydrogen Mallorca project to use ‘green’ hydrogen created partly using solar energy. The plant now employs 20 people, compared to 96 before its closure in January 2019.

US: Solidia Technologies has raised US$78.0m-worth of private investment in a funding round. The latest investors include Imperative Ventures, Zero Carbon Partners and Breakthrough Energy Investors. Existing backers providing new funds include BP, John Doerr and OGCI Climate Investments, which is the venture capital arm of the Oil and Gas Climate Initiative, a consortium of multinational oil companies. Solidia Technologies produces reduced-CO2 concrete with lower-energy cement and water-free CO2 curing.

Australia: Adbri says that it expects growth in domestic cement demand to continue beyond a present residential construction boom. The Australian Financial Review newspaper has reported that Adbri chief executive Nick Miller believes that house building has undergone a nationwide ‘pull-forward’ in the wake of the coronavirus outbreak. The producer says that the government’s planned US$116bn infrastructure spend would insure a medium-term increase in cement demand. It gave as an example the Western Sydney Aerotropolis, which will require 500,000m³ of concrete. The company currently derives 45% of sales from non-residential construction.

Switzerland: The shareholders of LafargeHolcim Ltd have voted in favour of changing the group name to Holcim Ltd at the company’s annual general meeting held on 4 May 2021. The name change applies only to the group company name with all market brands remaining in existence. The new group name will become effective upon entry in the commercial register. LafargeHolcim was officially formed in July 2015 when France-based Lafarge and Switzerland-based Holcim merged.

Mexico: Cemex has reported that its sales in the first quarter of 2021 came to US$3.41bn, a 9% rise year-on-year compared to the first quarter of 2020. Its earnings before interest, tax, depreciation and amortisation (EBITDA) improved by 28% to US$684m due to a boost in cement sales volumes and higher prices. Its net income for the first quarter was US$665m.

Cemex’s net sales in Mexico increased by 19% to US$822m, while operating cash flow increased 27% to US$299m. Its US operations reported net sales of US$1.0bn, an increase of 5% compared to the same period in 2020. Its operating cash flow in the US increased by 21% to US$196m.

In the group’s Europe, Middle East, Africa and Asia region, sales grew by 2% reaching US$1.09bn, while EBITDA was US$113m, 3% higher year-on-year. In Central, South America and the Caribbean, Cemex’s net sales came to US$424m, an increase of 15% compared to the same period in 2020.

Commenting on the results, Cemex’s chief executive officer Fernando González Olivieri said, "We achieved some important objectives and made significant progress towards our Operation Resilience goals, despite the persistent challenges that Covid has caused in many markets. The performance during the first quarter convinces me that we must be entering a period of sustainable growth for our main markets and it is likely that we will achieve two of our Operation Resilience goals well in advance of the 2023.

India: Ambuja Cement, part of LafargeHolcim, reported a 71% jump year-on-year in its consolidated net profit to US$127.9m during the first quarter of 2021, compared to a profit of US$74.8m in the same period of 2020. Managing Director Neeraj Akhoury said, "Indian demand growth has been strong in the last quarter, which has also helped the sales volume growth and commercial performance.”
Akhoury added that, despite strong and continuing headwinds with regards to input prices, including coal, petcoke and diesel, the company had made significant progress on efficiency improvement, which had a positive impact on cost evolution.