India: UltraTech Cement announced plans to make a private placement of non-convertible debentures (NCDs) on 12 November 2024. MarketLine News has reported that the value of the proposed placement as US$356m.
RLJ Infracement to expand Mirzapur grinding plant
India: RLJ Infracement plans to more than double the production capacity of its 0.3Mt/yr Mirzapur, Uttar Pradesh, grinding plant to 0.66Mt/yr.
Reuters has reported that the plant's cement supplier, Prism Johnson, now plans to terminate its supply agreement with Rockhill Hi-Tech Cement. Rockhill Hi-Tech Cement operates the 0.22Mt/yr Patna grinding plant in neighbouring Bihar.
OYAK Cement reports third quarter financial results
Türkiye: OYAK Cement has announced net sales of US$333m and a 17% year-on-year rise in earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$111m for the third quarter of 2024. The company recorded a net profit of US$61.3m for the third quarter and US$155m for the first nine months of 2024.
October cement sales increase in Puerto Rico
Puerto Rico: The Puerto Rico Economic Development Bank (BDE) has reported an increase in cement sales, reaching 1.41 million 43kg bags in October 2024, the highest since March 2023. This marks a 15% rise from October 2023, with recent months averaging 1.28 million bags.
BDE President Luis Alemañy said "We see a recovery in the construction sector, particularly in cement sales, which predicts a good impact on infrastructure development and job creation in Puerto Rico. Although the 2024 fiscal year closed with a 1% decrease in cement sales compared to the previous year, the start of the 2025 fiscal year shows a 6% increase in sales between July and October. This allows us to anticipate a progressive recovery in this key sector for our economy."


