Tunisia: Carthage Cement posted a profit of US$8.5m in the first half of 2026, compared to US$9.6m in the first half of 2025, representing a decrease of 11%. The company's revenues stabilised at US$59m during the first six months of 2026, compared to US$63.7m during the same period in 2025, down by 6%. This decline is explained by the decrease in cement sales (local and export) of 8%, to nearly US$52m, and in quarry products of 7%, to US$3.7m.

India: Adani Group is planning to raise US$2.5bn to refinance debt from the purchase of Ambuja Cements and ACC. It secured a US$3.5bn funding package for this in 2023. The proposed borrowing will be split into two parts. Endeavour Trade and Investment, a Mauritius-based special purpose vehicle owned by the Adani family, aims to raise US$1.5bn through a bridge loan with a tenor ranging from 18-24 months, according to Bloomberg. This will later be refinanced through loans from domestic lenders, including the State Bank of India and HDFC Bank. The group is in talks with several banks for financing, with the deal expected to be closed by the end of October 2026. There will reportedly be another US$1bn raised through another round of financing in 2027.

Vietnam: Cement and clinker exports totalled 2.95Mt/yr in August 2026, worth US$110m. This was down 11% in volume and 10% in value year-on-year, according to the latest figures from the government’s National Statistics Office (NSO).

In the first eight months of 2026, Vietnam earned US$951m from exporting 25.5Mt of cement and clinker, up by 10% year-on-year in value and 10% year-on-year in volume.

Brazil: Cement sales were 6.1Mt in August 2026, representing a 2% year-on-year increase, according to the National Cement Industry Union (SNIC). Sales from January to August 2026 reached 45Mt, a 2% increase from the previous corresponding period. SNIC said that the result maintains the positive sales trajectory amidst a gradual slowdown in economic activity, but that high interest rates, household debt and lower consumer confidence point to a more cautious outlook for the coming months. SNIC noted instability linked to the new US import tariffs, cooling demand, and creating uncertainties surrounding economic slowdown and the start of the election cycle. It said that the cement sector remains optimistic about sales seasonality. Historically, cement sales improve during the second half of the year.

However, SNIC president Paulo Camillo Penna noted that proposed labour law changes could ‘significantly’ increase the industry’s operating costs. 

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