Nigeria: Dangote Cement increased its profit by 31% in the first nine months of 2026. Profit after tax rose to US$714m in the nine months to 30 September 2026, from US$538m in the same period of 2025. Revenues grew by 20% to US$2.77bn, and profit before tax increased by 42% to US$1.08bn. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 24% to US$1.29bn. Profit after tax for the three months to 30 September 2026 increased by 51% to US$246m and revenues increased by 16% to US$923m for the same period.

Group cement sales rose by 9% to 22.1Mt. Nigeria sold 14.1Mt, up by 6.4%, and its revenue rose by 22.5% to US$1.96bn. Exports of cement and clinker from Nigeria increased by 41.8% to 1.5Mt, including 26 clinker shipments to Ghana, Cameroon and Ivory Coast. The company’s operations in other African countries sold 9.1Mt, up by 14%, and earned US$872m in revenue. Senegal grew by 30%, Ethiopia by 19% and Tanzania by 9%, and a new grinding plant in Ivory Coast sold 0.53Mt. Sales in Ghana and Cameroon were lower.

The first phase of the company’s 6Mt/yr plant at Itori in Ogun state is on track to be commissioned in 2027, part of a plan to increase capacity to 80Mt/yr from 55Mt/yr across Africa. The company expects high single-digit sales growth for the full year.

Image: Kenya News Agency.

Kenya: President William Ruto has broken ground on a US$538m integrated cement manufacturing plant in Mwingi North, Kitui County, scheduled for completion in August 2027. President Ruto said that this new plant would reduce reliance on imported clinker. He later announced plans to break ground on Bamburi Cement’s expansion in Matuga, Kwale County, in approximately three weeks. This new clinker plant will have a capacity of 5000t/day. Ruto said that Kenya’s cement production increased from 8.9Mt/yr in 2024 to 10.4Mt/yr in 2025, with output reaching 7.6Mt/yr in the first eight months of 2026.

Canada: Rodan Energy Solutions and St. Marys Cement, a subsidiary of Votorantim Cimentos North America, announced a long-term agreement for a 50MWh behind-the-meter battery energy storage system (BESS) at the company’s Bowmanville, Ontario, plant. Rodan Energy said that it will be Canada’s largest BESS installation to date. The battery system will allow the plant to reduce its grid demand during periods of peak electricity use while maintaining essential operations. It will also enable the batteries to be charged during lower-demand periods and used during high peak demand periods. Rodan Energy will develop, own and operate the asset, delivering ongoing energy optimisation through its proprietary FlexOps platform. Rodan Energy said that this project will deliver energy cost savings and strengthen the operational resiliency of the Bowmanville plant. St. Marys Cement will not pay any upfront costs and will benefit from a fully managed, long-term energy solution.

Paul Grod, president and CEO of Rodan Energy Solutions, said “This agreement is a demonstration of what behind-the-meter BESS can deliver for large industrial energy users – real economic savings, a lower emissions footprint and energy security they control. Rodan owns and operates the asset, so our performance is tied directly to delivering meaningful outcomes for our client.”

Spain: In the first nine months of 2026, Molins reported that sales reached €1.2bn, up by 65% year-on-year. It said that performance was driven by pricing discipline and the contribution from acquisitions, which offset the adverse impact of foreign exchange fluctuations, particularly in Argentina. On a like-for-like basis, excluding the impact of hyperinflation in Argentina and Türkiye, sales increased by 13%.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) was €280m, up by 92% year-on-year. On a like-for-like basis, EBITDA increased by 15%, supported by pricing discipline and operational efficiency initiatives despite an inflationary environment, particularly in energy, fuel and freight costs.

At regional level, Europe delivered sales growth, supported by pricing discipline and the contribution from acquisitions, amid cost pressures. South America maintained a strong operating performance despite adverse foreign exchange impacts, while Africa operated in a ‘challenging competitive’ environment. Joint ventures continued to make a ‘significant’ contribution to the group’s results, which it said was driven by a strong performance in Mexico and positive momentum in Colombia. It said that the global environment is marked by geopolitical uncertainty and cost inflation.