Spain: The Cemex plant in Alcanar has been granted €3m from the PERTE project for industrial decarbonisation, facilitated by the Ministry of Industry. This subsidy is part of a broader initiative involving 19 projects with a total aid of €96m under Line 1 of the programme. Cemex aims to contribute to decarbonisation of the clinker production process at its Alcanar facility by centralising compressed air production to enhance energy efficiency, replacing 14 old compressors with two more powerful and efficient units. The plant also plans to increase the use of alternative fuels in clinker production by integrating waste-derived and biomass fuels.

India: In the fiscal year April 2023 to March 2024, Adani Group recorded a profit increase of 55% year-on-year to US$3.6bn from US$2.3bn. Earnings before interest, taxation, depreciation, and amortisation (EBITDA) rose by 40% to US$7.9bn, although sales fell by 6%. Adani Group plans to spend US$90bn on capital expenditure over the next 10 years.

Ethiopia: The Lemi National Cement Factory is preparing to begin production within two months. Located in Amhara Regional State, 130km north of Addis Ababa, the plant will produce 6.4Mt/yr of cement, nearly doubling the nation's current production capacity. The plant represents a joint investment between Ethiopian and Chinese investors and according to 2Merkato News, is expected to become the largest cement plant in Africa.

Egypt: Sinai Cement Company reported a consolidated net profit of US$6.4m for the first quarter of 2024, a turnaround from a net loss of US$1.2m in the same period last year. The company's net sales reached US$24.6m, down slightly from US$26.3m in the first quarter of 2023.