UK: Breedon Group is pressing for further action to ensure what it calls a ‘level playing field’ for UK cement producers, as it continues its campaign for greater government support for domestic production. The construction materials group welcomed Prime Minister Andy Burnham’s recent comments on supporting British industry and Chancellor John Healey’s call to ‘buy British by design’ when it comes to government projects.

Breedon Group launched its Back British Cement campaign in January 2026, calling for urgent action to secure the future of domestic cement production. It supplies around 2Mt/yr of cement annually from its UK and Irish operations. However, UK cement production is now at its lowest level since 1950, with domestic producers facing ‘structurally-uncompetitive’ industrial electricity costs and ‘uneven’ carbon regulations compared with foreign importers, which now account for more than a third of UK cement sales.

Breedon is calling for further clarification and progress in five areas. These include strengthening the UK carbon border adjustment mechanism (CBAM) ahead of its implementation in January 2027 to ensure that imported cement faces carbon costs that are equivalent to the amount paid by UK producers. It also called for continued alignment between UK and EU carbon pricing to reduce trade friction.

The company is also calling for cement to be included in industrial electricity compensation schemes to address high power costs, for cement and concrete to be recognised as strategic materials in government procurement and for faster support for carbon capture, fuel switching and other low-carbon technologies to help domestic cement producers decarbonise while remaining competitive.

India: UltraTech Cement has entered into an energy supply agreement and a share subscription and shareholders agreement with Solaris Horizon Energy, which is engaged in the generation and transmission of renewable energy. Specifically, it has agreed to acquire a 26% equity stake in the solar power producer for an investment of up to US$2.9m.

Solaris Horizon Energy has been set up as a special purpose vehicle to supply 91MW DC or 65MW AC of solar power to UltraTech Cement’s plants in Chhattisgarh on a captive basis.

In an exchange filing the company said "The acquisition is for the purposes of meeting the company’s green energy needs, optimising energy costs and complying with regulatory requirements for captive power consumption under electricity laws.”

India: Grasim Industries, the flagship company of the Aditya Birla group, raised its profit by 51.1% year-on-year to US$22.5m for the three months to 30 June 2026, the first quarter of the 2027 Fiscal Year. Revenue for the quarter grew by 21.4% year-on-year to US$5.1bn, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 7.7% year-on-year to US$814m, helped by stronger operating performance across businesses.

The building materials portfolio remained a key contributor in the first quarter. Revenue from the segment, which includes cement sales, paints and B2B e-commerce, rose by 21% year-on-year to US$3.0bn, while EBITDA increased by 17% year-on-year to US$524m.

Total cement sales volumes for the quarter rose by 12.2% year-on-year to 41.3Mt, while ready-mix concrete volumes increased by 18.0% year-on-year to 4.6Mm3. The group’s grey cement capacity stood at 205.5Mt/yr at the end of June 2026 following an 8.7Mt/yr expansion. The company is targeting a total capacity of more than 240Mt/yr by March 2028.

Colombia: Cementos Argos reported consolidated revenues of US$415m for the second quarter of 2026, representing 2.4% growth compared to the same period the previous year. With this result, the company accumulated US$808m in revenue during the first half of 2026. Consolidated shipments for the second quarter of 2026 reached 2.3Mt of cement, while Concretos Argos sold 637,000m3 of material shipped.

Across the business, cement volumes in Colombia grew by 5.5%, reaching nearly 1.3Mt, with revenues of US$231m. In Central America, cement volumes rose by 20.8% to reach 0.48Mt, generating US$71m in revenues. However, Cementos Argos' EBITDA in this market fell by 18.8% year-on-year to US$14m, partly due to scheduled maintenance shutdowns in Honduras. The Caribbean region market recorded revenues of US$74m and an EBITDA of US$16m. The company's US platform, Argos Materials, structured its management team and successfully completed its third trial shipment to Tampa, Florida, confirming the logistical reliability of supplying the US market.

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