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.
TCMA receives two awards for decarbonisation efforts
Thailand: The Thai Cement Manufacturers Association has received two national recognitions for its progress towards net zero by 2050, TCMA received the Thai Climate Partnership: DCCE Climate Partner Award from the Department of Climate Change and Environment (DCCE) and the Ministry of Natural Resources and Environment in recognition of its collaboration to advance climate action in Thailand. TCMA also received Trade Prestige Award 2026 at the Excellent Level from the Department of Business Development (DBD) and the Ministry of Commerce for the fourth consecutive year, recognising its contribution to industry competitiveness and Thailand’s economic development.
"These recognitions reflect the power of collective action,” said Surachai Nimla-or, chair of TCMA. “The transition to net zero cannot be achieved by any single organisation or sector. It requires collaboration that connects policy, technology, investment and implementation, both within Thailand and internationally. The next stage is about moving from individual initiatives and pilots to wider implementation and scale. We need an environment where technology providers, investors, governments, academia and industry can work together to develop solutions that are technically viable, economically meaningful and scalable."
Brazilian cement sales rise
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.
Waste to be sent to cement plants in Croatia
Croatia: Non-hazardous waste will be sent to cement plants belonging to Holcim Hrvatska and Nexe at a cost of €357,500, according to Prime Minister Andrej Plenković. The waste is being stored at the PPK Velebit site in Gospić. It consists of plastic, tyres and other waste, which will be used in by the cement producers as alternative fuel. The work is deemed ‘urgent’ and will be completed within 45 days. Tabak Grupa reportedly bid for the waste, but later withdrew from the contract.


