India: Shree Cement recorded US$1.13bn in sales in the first half of its 2027 financial year (FY 2027), which began on 1 April 2026, up by 16% year-on-year. The company’s net profit fell by 28% to US$67.7m. This was partly due to a ‘surge’ in international prices of petcoke, a major fuel source for Shree Cement. During the second quarter of FY 2027, Shree Cement’s power and fuel costs rose by 56% year-on-year, to US$172m. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 5% to US$101m.
Conch Investment Holding and Hope Global Investment break ground on 1Mt/yr Malibé cement plant
Gabon: China-based Conch Investment Holding and Hope Global Investment have commenced construction of their upcoming US$195m, 1Mt/yr Malibé cement plant in Estuaire. The La Tribune newspaper has reported that the companies will jointly build, finance and operate the plant. It will serve Gabon’s domestic market when operational.
Nuvoco Vistas Corporation grows first-half sales in 2027 financial year
India: Nuvoco Vistas Corporation reported 11% year-on-year sales growth to US$624m in the first half of India’s 2027 financial year, that started on 1 April 2026, from US$564m previously. The company grew its net profit by 33% to US$23.7m. It also noted a 9% year-on-year increase to 4.7Mt in sales volumes of cement in the second quarter.
Afrimat publishes six-month 2027 financial year results
South Africa: Afrimat recorded sales of US$309m in the six months up to the end of August 2026, the first half of its 2027 financial year (FY 2027). This corresponds to a year-on-year decline of 4%. Alliance News has reported that the producer attributed the decline to the performance of its cement business, alongside other units. Afrimat's pretax profit fell by 48%, to US$8.36m.
In the remaining part of 2026, the producer expects its cement business to benefit from ‘increased clinker availability’ in the South African market.


