Global Cement News

Libya: The Libya Africa Investment Portfolio (LAIP) reported that its Misrata cement plant project will move forward, following the committee’s eighth meeting, reports the Libya Herald. The project aims to produce 2Mt/yr in the first phase, rising to 4Mt/yr in the second phase in order to satisfy the demands of the local market, according to economic feasibility studies prepared for the project. The meeting confirmed that the quantity of raw materials is sufficient to operate the plant for at least 50 years. The project has been suspended since 2012, with completion at around 32%. China-based Sinoma Yuhan will construct the plant.

Guyana: Vice President Bharrat Jagdeo has received complaints about ‘delinquent’ cement suppliers, stating that the government will sanction any errant supplier, reports News Room Guyana.

Contractors engaged in road works along the East Bank of Demerara complained of challenges with cement suppliers. These suppliers were reportedly providing smaller quantities of cement and cement with lower-than-needed compressive strength.

The vice president noted that the Ministry of Public Works has been engaged on the matter and will issue a warning to suppliers soon, stating that, if the claims were true, the suppliers would lose the right to supply cement for government projects.

The situation comes amid the government's major infrastructure plan for the country. The ‘largest ever expansion’ of infrastructure is unfolding in Guyana under the current administration, although there have reportedly been some implementation challenges.

Ireland: CRH recorded a 2% year-on-year increase in sales to US$35.6bn in 2024, with net income rising by 15% to US$3.5bn during the period. The producer's earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 12% year-on-year to US$6.9bn.

In the fourth quarter of 2024, the company's sales rose by 2% year-on-year to US$8.9bn, while its net income increased by 24% to US$700m and its EBITDA by 12% to US$1.8bn.

CRH invested US$5bn in mergers and acquisitions during 2024. It maintains a positive outlook for the 2025 financial year, forecasting a net income of US$3.7 – US$4.1bn and an EBITDA of US$7.3 – US$7.7bn.

Spain: Molins has recorded a 22% year-on-year rise in net profit to €184m in 2024, despite market slowdowns and political instability in some regions.

Molins’ revenues grew by 1% year-on-year to €1.37bn in 2024, as price increases offset volume declines and currency effects. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 6% to €356m, with its operations in Europe, South America and North Africa showing growth. Mexico reportedly remains its largest contributor to results. The company increased investments by 31% to €98m, with 70% going to sustainability, digitisation and efficiency improvements.

Bangladesh: Chhatak Cement Factory has ceased production due to severe gas and limestone shortages, despite a modernisation project having reached 91% completion.

The Bangladesh Chemical Industries Corporation (BCIC) began a US$54.7m project to convert the plant’s production process from wet to dry in 2016, in order to increase capacity to 1500t/day (0.45Mt/yr). The project cost rose to US$116m, with US$68m spent by November 2024. However, the plant remains idle despite the completion of construction works over a year ago, due to the lack of a new gas pipeline and ropeway to import limestone from India. This ropeway was supposed to transport limestone from the Komorrah Limestone Mining Company in Meghalaya.

The project's committee has proposed extending the deadline to June 2026 and allocating an additional US$25m for a 43km gas pipeline from Sylhet to Chhatak. Trial runs are now being conducted every 15 days in order to prevent the plant’s machinery from rusting.

Project director Abdur Rahman Badsha said that the Chinese contractor responsible for the ropeway construction, Nanjing C-Hope Cement Engineering Group, is awaiting a subcontracting agreement with KLMC to begin work in India.