Global Cement Newsletter

Issue: GCW725 / 03 September 2025

Headlines


Here we go! China-based Huaxin Cement delivered a one-two combo this week by first announcing that it had completed its acquisition of Lafarge Africa from Holcim and then revealing plans to amalgamate all of its overseas businesses into a single subsidiary. The first action feeds into the second but it’s a big move for the international ambitions of the company.

Global Cement Weekly has previously covered Huaxin Cement’s deal to buy Holcim’s majority stake in Lafarge Africa for US$1bn. After being announced in December 2024 the transaction was expected to close in 2025 subject to the usual regulatory approvals. However, various impediments emerged. In March 2025 local press reported that the Senate of Nigeria asked the Bureau of Public Procurement to scrutinise the sale on the grounds of national security and economic sovereignty. A Senate Committee on Capital Market then said in May 2025 that it was going to invite Lafarge Africa for questioning to ‘ensure shareholder rights and transparency of foreign dominance in Nigeria's cement industry.’ Local company and Lafarge Africa shareholder Strategic Consultancy then initiated a legal action to try and block the sale on the grounds that it was conducted secretly and without giving local shareholders the option to buy the shares themselves. These are just the issues that have made the local press. There may be more. The transaction officially closed on 29 August 2025 with Huaxin Cement paying around US$774m. Huaxin Cement is now the majority owner of Lafarge Africa with a 83% share.

Huaxin Cement’s decision to create a specific overseas subsidiary makes sense given the growing size of the business. Its stated aim is to fulfil the group’s “long-term strategic goal of building a world-leading multinational building materials company." The acquisition of Lafarge Africa is one big milestone along this path. In the group’s half-year report, also out this week, it said it had an overseas cement grinding capacity of 24.7Mt/yr with operations in 12 countries including Cambodia, Kyrgyzstan, Malawi, Mozambique, Nepal, Oman, South Africa, Tajikistan, Tanzania, Uzbekistan, Zambia and Zimbabwe.

The new company will make and sell cement, technical services, ready-mixed concrete and aggregates. Notably, it will also specialise in the co-processing of alternative fuels. That last one is mostly implicit in any modern cement enterprise these days but as thermal substitution rates rise in developing markets there are likely to be many battles for commodities and market share ahead. It says it wants to create a new overseas subsidiary in order to “further broaden financing channels, open up and integrate resources, and enhance the operational capabilities of Huaxin Cement.” The plans are reportedly at an early stage, but the new subsidiary will remain under the control of Huaxin Cement in China. The focus on finance also seems particularly important, as the company wants to use its new subsidiary to improve its competitiveness and flexibility in overseas capital markets to help it with financing and mergers and acquisitions. To this end, the new company will be listed on an overseas stock exchange. Hong Kong might be the first contender for that ‘overseas’ bourse with its differing economic and legal systems, whilst remaining firmly Chinese.

To finish, let’s compare the contrasting business strategies of Holcim and Huaxin Cement over the last decade. Lafarge and Holcim merged in 2015, later becoming Holcim as it is today. The company divested many of its assets around the world - including Lafarge Africa, diversified into building systems and spun-off its North American division into Amrize. Huaxin Cement became one of the biggest cement companies in the world as the Chinese sector peaked in the 2010s but has also developed into the leading Chinese cement company overseas. That business outside of China has helped Huaxin Cement to make profits in recent years despite the domestic industry declining in the 2020s. Today, many large-scale cement company divestments all over the world are often linked to Huaxin Cement. Its new overseas company, whatever it is called, is likely to become well known across the world.


Türkiye: Fatih Yücelik, the chair of the Turkish Cement Manufacturers' Association (Türkçimento) and the CEO of Aşkale Çimento, has died at the age of 46. He was reportedly involved in a road traffic accident, according to the Hürriyet newspaper.

Yücelik worked as a senior executive in the construction sector. He was also the vice chair of the board of directors and chair of the executive board of Erçimsan Holding. He held a number of positions with non-governmental organisations, including that of Eastern Anatolian Honorary Consul to the Democratic Socialist Republic of Sri Lanka, deputy chairman of the board of directors of Cement Industry Employers' Union (ÇEİS) and as a board member of Foreign Economic Relations Board (DEİK).


Portugal: Cimpor has appointed Pedro Reis as its vice chair. He will "support the company's growth strategy across multiple markets and business segments, strengthening its position as a global leader in the cement and construction materials sector," according to the Correio da Manhã newspaper.

Reis previously worked as the Minister for the Economy from 2024 to mid-2025 under the administration of the so-called Democratic Alliance. Notably roles in his career include working as the chair at AICEP, the Portuguese Agency for Foreign Trade and Investment, from 2011 to 2014. He then worked in banking for BCP Group from 2014 to 2021, becoming Head of Institutional Banking at Millennium BCP in 2019. Reis is a graduate of the Católica Portuguesa University and the Harvard Business School.


Oman: Raysut Cement has appointed Khalid Ramis as the General Manager of its Salalah plant and Raashid Ali as its Group Chief Financial Officer.

Khalid Ramis holds over 30 years of experience in the bank, finance and cement industries. He has worked for Raysut Cement since 2019. Before this he held positions with Bank Muscat and BankDhofar.

Raashid Ali holds over 30 years of financial experience in the automative, facilities management, real estate and retail sectors. He has held senior roles at DAMAC, Jumeirah International and Renaissance. He is a chartered accountant.


UK: Cement production dropped to 7.3Mt in 2024, the lowest level since 1950 and around 50% of 1990 volumes, according to the Mineral Products Association (MPA). Imports have nearly tripled over the past 20 years, rising from 12% of sales in 2008 to 32% in 2024, leaving supply chains more dependent on volatile international markets.

Diana Casey, executive director for cement and lime at the MPA, said “We’re calling on the government to help put domestic production on a level playing field so that it can compete fairly with imports. The UK has a choice: to build these vital development projects with UK-made cement, or to build them with imports – sending jobs, investment and economic growth overseas.”

The MPA said that high energy, regulatory and labour costs are threatening competitiveness and jobs, with 40% of cement produced in the Peak District and 60% across the rest of the UK. The group said the carbon border adjustment mechanism (CBAM) due in 2027 must be paired with a procurement policy that prioritises domestic cement.


France: Hoffmann Green Cement Technologies recorded revenues of €3.5m in the first half of 2025, up by 8% year-on-year, driven by increased cement sales volumes. Earnings before interest, taxation, depreciation and amortisation (EBITDA) were -€5.7m, down from -€3.1m in the first half of 2024. Net income stood at -€8.4m, compared to -€5.0m in the first half of 2024, following higher depreciation and amortisation charges.

Production reached 19,640t, more than 2.5 times the 7833t produced in the first half of 2024, already exceeding total 2024 volumes. Cement was supplied to over 130 sites nationwide, producing more than 60,000m³ of clinker-free concrete delivered by 10,000 truck mixers. The company targets 50,000t of cement sold by the end of 2025 and positive EBITDA, subject to the signing of new licensing agreements.

Co-founders Julien Blanchard and David Hoffmann said “The first half of 2025 was characterised by a significant increase in our production volumes. Unlike the first half of 2024, during which we received a €2m entry fee from our American partner, all of our half-yearly revenue for 2025 is generated from cement sales, reflecting its growing adoption within the construction sector. Finally, we reiterate all of our objectives for 2030 and are targeting sales of 50,000t by the end of 2025, with the second half of the year traditionally being more favourable to the company's activity.”


Belarus: Construction materials producer Krasnoselskstroymaterialy (Grodno Oblast) plans to begin production of fibre cement boards, according to CEO Alexander Golda. He said “We are currently working on a new type of product – fibre cement boards – and have already prepared an initial business plan. Our cement will account for more than 80% of the composition of this product.”

Golda added that the company is working to increase output and replace materials such as silicate bricks, which are becoming obsolete on the market.


Dominican Republic: Cement and clinker exports totalled US$72.5m in the first half of 2025, a 37% rise year-on-year, according to cement exporter Despradel & Asociados (DASA) and the Dominican Association of Portland Cement Producers (Adocem). Haiti was the main market, with US$39.6m of exports, followed by Jamaica (US$9.4m), Guyana (US$8.3m), Turks and Caicos Islands (US$6.0m), Suriname (US$2.3m) and the US (US$1.2m).


Pakistan: Cement despatches, including exports, reached 3.85Mt in August 2025, a 12% year-on-year increase from 3.42Mt in August 2024, according to the All Pakistan Cement Manufacturers Association (APCMA). Local despatches grew by 10% to 3.10Mt from 28Mt, while exports rose by 22% to 0.75Mt from 0.6Mt previously.

In the first two months of the 2025–26 financial year, total despatches rose by 21% to 7.85Mt from 6.49Mt a year earlier. Domestic despatches grew by 14% to 6.09Mt, while exports climbed by 51% to 1.76Mt.

The APCMA noted that August growth was slower than in July 2025, when domestic despatches rose by 19% and exports rose by 84% year-on-year.


China: Huaxin Cement is planning to consolidate all overseas production and operating assets into a new subsidiary, which it intends to list on an overseas stock exchange, according to a company announcement made on 31 August 2025. The proposed spin-off, which is still at a preliminary stage, reportedly aims to broaden financing channels, integrate resources and strengthen the company’s global operations.

Huaxin Cement said the restructuring will not affect its control over the overseas assets, with the new entity remaining a controlled subsidiary in its consolidated financial statements. The company said the move supports its long-term goal of becoming a 'globally leading multinational corporation in the building materials industry.'

The announcement comes just two days after the completed divestment of Holcim’s stake in Lafarge Africa to Huaxin Cement for US$1bn.


India: Nuvoco Vistas will invest US$24m to expand its grinding capacity in eastern India by 4Mt/yr, according to local press. A new mill will be installed at the Arasmeta plant in Chhattisgarh, with upgrades, process improvements and debottlenecking at Jojobera (Jharkhand), Panagarh (West Bengal) and Odisha plants.

Phase one will add 1Mt/yr by the third quarter of the 2026 financial year, 2Mt/yr by the end of 2025, and 1Mt/yr by the 2027 financial year. The company said that the work at Jojobera, Panagarh and Odisha will be achieved with limited capital expenditure.

Following the acquisition of Vadraj Cements, Nuvoco Vista’s total capacity stands at 31Mt/yr, with eastern capacity set to rise by over 20% to 23Mt/yr within 18 months. Capacity utilisation was 78% as of March 2025.


Cameroon: Cement producer Entreprise Générale Industrielle (EGIN) has obtained US$10.3m in financing from the Central African Development Bank (BDEAC) to expand production and storage capacity at its Douala grinding plant, according to News du Camer. Managing director Kaiafas Georges Kyriakos and BDEAC president Dieudonné Evou Mekou signed the agreement in Douala.

In its 2023 annual report, BDEAC announced that it had provided initial financing for the implementation of this project, estimated at a total of US$33.7m. EGIN entered the cement business in 2017 under the Lion brand.

BDEAC said the new support is part of its wider US$56.4m financing package for projects across the sectors of cement, reinforcing steel, hospitality and logistics.


Bolivia: Cement production was 325,068t in June 2025, down by 4% month-on-month from 338,536t in May 2025 and by 2% year-on-year from 331,854t in June 2024, according to the Institute of National Statistics (INE). La Paz led output with 98,290t, followed by Santa Cruz with 90,385t. In the first half of 2025, cement production reached 1.9Mt.

Cement sales fell to 306,714t in June 2025, a 20% fall from 381,160t in May 2025 and down by 4% from 319,041t in June 2024. In the first half of 2025, sales declined by 1% year-on-year to 1.88Mt from 1.91Mt in the first half of 2024.


Libya: Officials have launched construction of a US$600m cement plant in Nalut, Um al-Baqal, according to The Libya Observer. The plant will produce 12,000t/day of cement from two lines, with plans to expand to 14,000t/day, and will manufacture Portland, sulphate-resistant and high-strength cement.

Nalut mayor Abdulwahab Hajjaj said the project would support the local economy, create jobs and strengthen national growth. Project director Jumaa Khalifa Abdullah said it was one of four investment initiatives in the region.

25% of the plant’s capital will be offered for public and foreign investment at US$2.14/share, with the company expected to list on Libya’s stock exchange.


Afghanistan: Construction has begun on the third Ghori Cement plant in Baghlan province, with an investment of US$86.7m, according to local press. The facility will produce 5000t/day of cement and is scheduled for completion within 18 months.

Deputy prime minister for economic affairs Mullah Abdul Ghani Baradar said the project was a major step towards self-sufficiency in cement production, job creation and stabilising prices, and that it would meet domestic cement demand once operational.


Ghana: Continental Blue Investment Ghana (CBI) may receive up to US$20m from the International Finance Corporation (IFC) for a limestone calcined clay cement (LC3) plant in Tema, according to Ecofin Agency. The US$66.7m project is supported by Société Générale, Norfund and Denmark’s export credit agency EKF, with IFC’s board due to decide on 30 September 2025.

The company said that the facility operates with the ‘world’s largest’ flash calciner, and has a capacity of 400,000t/yr of calcined clay. With the funding, CBI plans to raise output from 600,000t/yr to 1.4Mt/yr, reducing clinker imports and lowering cement prices.

CBI is owned by Swiss holding company F. Scott in a joint venture with Heidelberg Materials, with minority stakes held by Norway and Denmark’s public funds and Danish equipment supplier FLSmidth.


India: Northeast Frontier Railway (NFR) loaded 2792 wagons carrying 0.18Mt of cement between April and July 2025, up by 71% year-on-year from 1628 wagons carrying 0.10Mt in the same period of 2024. For the first time, 84 wagons were despatched from NFR’s Lumding division to East Central Railway’s Sonpur division, with Narayanpur Anant and Tilrath each receiving 42 wagons from Star Cement.

In August 2025, NFR loaded 21 wagons from Star Cement Siding near Guwahati to Kishanganj and 21 wagons to Tilrath. In July 2025, NFR despatched 21 wagons to Tilrath, 42 to Narayanpur Anant, 42 to Kishanganj, 21 to PCM Concrete Sleeper Siding, 21 to Pristine Hindustan Infraprojects, and 20 wagons from New Guwahati–Dalmia Siding to Pristine Hindustan Infraprojects.


Nigeria: Holcim has completed the divestment of its Nigerian business, selling its entire 83.8% stake in Lafarge Africa to Huaxin Cement in a deal valued at US$1bn.

Holcim regional head Asia, Middle East & Africa Martin Kriegner said “We are pleased to have found in Huaxin Cement a trusted buyer that is committed to further developing the business in Nigeria. At the same time, the sale proceeds give Holcim additional capacity for our growth-focused capital allocation. We wish Lafarge Africa and Huaxin Cement continued success.”


Latvia: Schwenk Cement Latvija has inaugurated a carbon capture test base at the Brocēni cement plant, according to a post on Linkedin by the producer. Throughout 2025, several technologies will be tested at the site to determine the best solution for Brocēni and Schwenk’s other plants. The Broceni carbon capture and storage (CCS) project aims to capture 800,000t/yr of CO₂. The event was attended by Latvian prime minister Evika Silina, German embassy representative Heike Janče and staff members from Schwenk Latvija.

The final investment decision is planned for 2027, with completion in 2030. Schwenk said the project will strengthen exports to Estonia, Finland and Sweden and establish a regional value chain for low-CO₂ cement.


Türkiye: Limak Çimento will expand the solar power plant under construction in Kurtalan, Siirt, to meet the electricity demands of its cement plant, according to Energy Diary. The project, divided into five units, will increase its capacity from 9.91MW to 15.9MW with the addition of 6MW. The project site will increase from 109,000m² to 241,000m². The expansion will reportedly employ 10 people during construction and five in the operation phase.


Portugal: Cement consumption reached 1.97Mt in the first half of 2025, down by 2.2% year-on-year, according to the construction industry association AICCOPN. In the same period, permits issued for construction and rehabilitation of residential buildings rose by 14% to 10,262. The number of licensed new housing units saw a ‘significant increase’ of 26%, totalling 20,613 new dwellings.


India: Andhra Cements has commissioned a 6MW solar power plant at its cement plant in Palnadu district, Andhra Pradesh, according to India Infoline. The project forms part of the company’s initiative to reduce reliance on conventional energy sources and promote sustainable operations.


Ukraine/Ireland: Divinereach, a company led by Hyundai Ireland chair Eugene O’Reilly, has bought a 25% stake in Dyckerhoff Ukraine from CRH, according to Business Post Ireland. The sale was a condition of CRH’s 2024 acquisition of Dyckerhoff from Italy-based Buzzi.

Local competitor Kovalska has opposed the Dyckerhoff acquisition, arguing it created a duopoly with CemIn West and gave CRH a 46% market share, exceeding limits under Ukrainian and EU monopoly law.

CRH has defended its position, saying the acquisition was completed in accordance with accepted international practice, in full compliance with all legislative requirements and with the approval of the Antimonopoly Committee of Ukraine (AMCU).

CRH said “While we are monitoring the legal challenge to the AMCU approval in Ukraine... we are focused on investing in our businesses and supporting our employees.”

Kovalska plans to appeal the AMCU’s approval of the acquisition to the Ukrainian supreme court in September 2025.


US: Ash Grove Cement, part of CRH, has deployed Boston Dynamics’ autonomous robot ‘Spot’ at its cement plant in Washington in a year-long pilot to boost efficiency and safety. Operating more than 80 hours a week, the four-legged robot conducts routine inspections using a 4K camera and laser scanning, detecting anomalies and alerting teams before failures occur.

The company said that the robot can measure refractory bricks inside cement kilns, reducing risks by keeping employees out of hazardous environments. During the trial, Spot detected a failing bearing in rotating equipment, preventing unplanned downtime. Ash Grove said that the technology improves site safety, frees skilled teams for complex work and enables real-time monitoring in the hot and dusty conditions at the plant.

Plant manager Andy White said “Our aim for Spot is that, at the moment, we don’t have preventative or proactive maintenance routines on night shifts and the weekends. And, also, our labour force has to spend a lot of time recording data rather than analysing it… Spot can do this for us. When we come in the mornings, we already have reported generated, so we can proactively fix those issues thather than spending eight hours trying to find them.”


South Africa: Afrimat has recorded signs of recovery in the second quarter of its 2026 financial year, supported by the integration of Lafarge South Africa and cost savings from migrating Holcim systems onto its platform. The company said that July 2025 marked its highest monthly cement sales since acquiring the business, with both bulk and bagged sales rising.

Afrimat said “Our diversified model ensures the correct deployment of resources across operations. After each acquisition, we allowed time to stabilise distressed assets... we are now beginning to see a steady turnaround.”

The company said it has invested ‘heavily’ at the Lichtenburg cement plant to address historic underinvestment, though kiln reliability remains a constraint. It said “By reducing reliance on costly and environmentally taxing components and incorporating extenders such as fly ash and slag, both abundantly available to Afrimat, we can supply compliant, cost-effective and lower-carbon cement products to the market.”


India: Local industry and the construction sector generated 340Mt of fly ash in the 2024 – 25 financial year, of which 333Mt was utilised across infrastructure and industrial sectors, according to the Economic Times. The figures showed that 27% of the total fly ash generated was used in the cement industry. Government policy mandates fly ash use in cement and other building materials.


India: Travancore Cements, a state-owned producer under the Kerala government, has restarted production of white cement after a month-long shutdown, unveiling a three-phase restoration plan to stabilise the company, according to The Hindu newspaper. The company has secured 1000t of raw materials to resume operations.

A company official said “About 540t of raw materials have already arrived, which has helped save US$11,411 in deferred costs. The current plan is to increase white cement production gradually, targeting an average output of 2000t/month.”

The first two phases of the plan include increasing clinker unit capacity, developing value-added white cement products and restoring the company’s drydock. The third phase, dependent on receiving US$2.6m from a land sale in Kakkanad, will focus on clay calcination, green cement production and other diversification programmes in association with with the Board of Public Sector Transformation.


US: Martin Engineering has launched its two-wheeled Martin Gen 4 Railcar Opener. It is designed to aid bulk handlers to unload unprocessed and processed bulk materials from rail transport to facilities, including cement plants and terminals. The fourth generation product is intended to improve ease of use and reduce potential hazards for workers.

Features of the latest version of the railcar opener include simple manoeuvrability and lateral turning wheels for moving capstans, outrigger support and height adjustment. A ‘stepped’ drive tip is also intended to improve the gate opener’s contact with the capstan. This new design boosts efficiency, leading to less demurrage from stalling and a safer workplace.

Marty Yepsen, Business Development Manager for Railcar Unloading Products at Martin Engineering said “We’re excited about the 4th generation of this model because it’s been painstakingly designed over years using real-world feedback from customers.” He continued, “The nearly effortless single operator design transforms a hazardous and gruelling job into a comparatively routine and risk-free task,” Yepsen concluded. “Field tests have shown that the Gen 4 not only improves efficiency, which lowers demurrage, but it also increases safety and reduces labour costs. All this drives down operating costs and boosts ROI.”

Martin Engineering builds products for bulk materials handling. The company has its headquarters in Neponset, Illinois. It runs subsidiaries in Australia, Brazil, China, Colombia, France, Germany, India, Kazakhstan, Indonesia, Malaysia, Mexico, Peru, Spain, South Africa, Türkiye, the UK and the US.