Greece: Titan recorded sales of €1.42bn in the first half of 2026, representing an increase of 7% year-on-year, which is attributed to higher sales in all regions supported by overall increased volumes in its core products. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 9% to €312m. Cement sales volumes reached 9.5Mt, up by 7% year-on-year.

For the second quarter of 2026, it reported sales of €784m, up by 14% year-on-year, and earnings before interest, taxation, depreciation and amortisation (EBITDA) of €174m, up by 4% year-on-year. It said that this was supported by a strong performance in June 2026 and balanced growth contributions.

In the US, performance remained strong despite mixed local market conditions, as softer demand in Florida was offset by robust activity in the Mid-Atlantic. In Greece, growth continued, driven by increased demand across all product categories. In Western Europe, the group faced a ‘challenging’ construction market across most countries. Southeastern Europe saw strong performance and so did the Eastern Mediterranean region, including Egypt and Türkiye.

John Ioannou, Group CFO, said “The group delivered a very strong financial performance in the first half of 2026, driven by disciplined execution, the earlier than expected financial contribution from the acquisitions and a continuous focus on profitability and cash generation. Performance was further supported by the successful launch of PRIME, the group’s cost optimisation and self-help initiative, which has helped offset inflationary and geopolitical cost pressures, while reinforcing operational efficiency. We maintain a strong financial position, supported by the successful bond issuance, which enhanced our acquisition capacity while preserving a solid balance sheet and comfortable leverage levels. Our strong first-half performance positions us well in delivering another year of strong profitability growth.”

Germany: Heidelberg Materials recorded a rise in 6% year-on-year to €6bn, with a result from current operations of €1bn, an increase of 4% year-on-year. It said that the share of revenue from sustainable products grew to 38% in the first half of 2026, while specific net emissions were 510kg of CO₂/t of cementitious material, in line with the previous year. It commissioned a new 1.25Mt/yr kiln line at its Airvault cement plant and the construction of the carbon capture facility in Padeswood, UK.

In the first half of 2026, volumes were impacted by ongoing political and economic uncertainties, ad­verse weather conditions in certain regions – particu­larly in Europe and northeastern US – and the escalation of the conflict in the Middle East, although the situation stabilised in the second quarter. Overall, this led to a slight increase in volumes compared to 2025. The group’s cement and clinker deliveries were slight­ly above the 2025 levels. While volumes de­clined slightly in the Africa-Mediterranean-Western Asia and Europe areas, North America and Asia-Pacific recorded noticeable increases in vol­umes.

Heidelberg Materials said that it expects demand in the construction sector to further stabilise, with a focus on price adjustments and cost management. Result from current operations is expected to be between €3.4bn and €3.65bn.

“In an environment that remains geopolitically and economically very challenging, we generated strong momentum in the second quarter of 2026. A first noticeable recovery in demand in our core markets contributed to the good business performance,” said Dominik von Achten, chair of the managing board of Heidelberg Materials. 

“In addition, we further accelerated our growth through strategic transactions. With acquisitions in North America and Türkiye, we have continued to expand our presence in attractive markets. We expect a good second half of the year and are confident that we will achieve our specified outlook for the financial year 2026.” 

Thailand/Germany: The Thai Cement Manufacturers Association (TCMA) has expanded on its partnership with Germany’s development agency, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), to accelerate the adoption of low-carbon technologies in Thailand’s cement industry. The collaboration aims to transfer proven technologies and expertise from developed economies to support Thailand’s transition toward net zero emissions by 2050. Members of TCMA will advance towards net zero emissions through expansion of low-carbon cement, improved energy efficiency, increased use of alternative fuels and raw materials and greater reliance on renewable energy.  The cooperation covers technology transfer, capacity building, access to ‘green’ finance and support for industry readiness.

Nopadol Ramyarupa, vice chair of TCMA, said "TCMA now has tangible progress and clear direction. The challenge is scaling up while maintaining competitiveness." 

Spain: In the first half of 2026, Molins recorded sales of €751m, up by 50% year-on-year. It said that performance was driven by the consolidation of Secil, price discipline and other acquisitions. There was an adverse impact from foreign exchange fluctuations, particularly in Argentina. Earnings before interest, taxation, depreciation and amortisation (EBITDA) amounted to €164m, up by 66% year-on-year. Molins said that Europe maintained a positive performance and that South America delivered solid results. Africa also recorded a stable performance within a demanding competitive environment.

“This first half of the year represents a strategic milestone for Molins. We delivered solid results, improving margins in a demanding environment, while incorporating, for the first time, the contribution from Secil’s operations, an acquisition that strengthens our profile as a more diversified and balanced company. Integration is progressing as planned thanks to the commitment of our teams. In addition, the start of trading on the Spanish Continuous Market marks another important step in our journey as a listed company and contributes to increasing our visibility in capital markets”, said Marcos Cela, CEO.

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