India: Global Cement & Concrete Association (GCCA) India has entered talks with UK-based Xynteo and the Build Ahead coalition to scale up decarbonisation in India’s construction sector. The partners have signed a memorandum of understanding to promote low-carbon cement and concrete usage. This two-year collaboration will develop emission thresholds for cement and concrete as a basis for future policy on production and use of low-carbon materials. The initiative will also include joint governmental engagement and the sharing of research for low-carbon building materials.

Deepak Khetrapal, GCCA India co-chair and Orient Cement managing director, said "The reduction of clinker factor and the increasing use of supplementary cementitious materials in cement manufacturing is an important decarbonisation lever for the industry. Developing an India-specific definition for ‘low-carbon’ or ‘green’ cement and concrete is the need of the hour, and it is crucial for the development of a net zero CO₂ roadmap for the Indian cement and concrete industry."

India: Kanodia Cement plans to launch an initial public offering to raise approximately US$95m, with a draft red herring prospectus expected to be filed with market regulator SEBI by the end of December 2024. The company currently has a production capacity of 5Mt/yr, with plants in Uttar Pradesh and Bihar. CEO Gautam Kanodia said that the company has plans to expand its cement capacity to 10Mt/yr.

Zimbabwe: Representatives from the Magunje community appeared before the Parliamentary Portfolio Committee on Lands, Agriculture Mechanisation and Irrigation, voicing concerns over Labenmon Investments Pvt’s noncompliance with legal procedures in establishing a cement production plant near Kemureza Dam and Magunje Growth Point. Led by Zimbabwe National Organisation of Associations of Residents Trust (ZNOART), the community alleged that their views were ignored in the environmental impact assessment process for the plant, which will occupy 135 hectares. The Parliament Committee plans to visit the site soon to gather information from residents. The project is expected to employ over 1500 people and boost the local economy.

Thomas Chidzomba, representative for Hong Kong-based Labenmon Investments Pvt, said "Our project is clear and will follow all the country's laws. In addition, the plant is going to use state-of-the-art technology which ‘minimises or eradicates’ air pollution. We will also not pollute the Kemureza Dam as we will not draw water from it for our operations."

Spain: Molins announced a revenue of €1bn for the first nine months of 2024, down by 5% year-on-year, impacted by lower volumes and currency fluctuations. Particularly in Argentina, economic instability and currency devaluation affected performance. Net profit rose by 23% year-on-year to €153m, while earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled €274m, a decrease of 1% from the corresponding period in 2023.