India: JSW Cement’s revenues increased by 22% year-on-year to US$3.66bn in the first quarter of the 2027 financial year. Earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 8% to US$577m. Nonetheless, the producer swung to a net profit of US$310m, from a loss of US$262m in the first quarter of the 2026 financial year. The former loss had been due to an exceptional charge of US$2.83bn, according to the producer.

India: Pilani Investment and Industries Corporation sold a 0.85% stake in UltraTech Cement for US$304m on 13 August 2026. The company had held a 1.5% stake in the producer as of June 2026. The Business Standard newspaper has reported that domestic institutional investors bought the shares, led by HDFC Mutual Fund, which bought US$157m-worth (0.4%), and ICICI Prudential Mutual Fund, which bought US$41.9m-worth (0.1%).

Brazil: Votorantim Cimentos raised its sales by 16% year-on-year to US$2.8bn in the first half of 2026, with cement volumes up by 5%, to 17.9Mt. Group adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 19%, to US$513m.

During the first half of 2026, Votorantim Cimentos secured a new US$350m committed credit facility, due in 2031, to replace its US$300m facility due in 2027. The company has invested US$598m of a US$964m investment plan for 2024 – 2028. Upcoming expenditure under the plan includes US$50.1m towards a planned 50% expansion of the Xambióa cement plant in Tocantins to 1.5Mt/yr, due in July 2028.

Group CEO Osvaldo Ayres said “Our results in the second quarter of 2026 highlight the strength of our international platform, supported by geographic and product diversification, as well as our financial robustness and disciplined capital allocation. We posted positive operational performance and continued to execute the company’s strategy with discipline, with progress in structural competitiveness, efficiency, capacity expansion and decarbonisation.”

Chief financial officer Antonio Pelicano said “Despite increased macroeconomic volatility, we maintained our financial discipline, strong operating cash flow generation and healthy capital structure. The expansion of our revolving credit line and the maintenance of our investment grade rating confirm our company’s financial strength and ability to execute our long-term strategy.”

India: Indigenous rights group Jaintia National Council has given the Meghalaya government 10 days to ‘protect landowners' and farmers' rights’ against violation by Shree Cement's planned US$187m East Jaintia Hills cement plant and quarry at Lum Syrman. The requested protection is to consist of an intervention and ‘transparent verification’ of land records. Authorities have allegedly called off public hearings on the plans since May 2026 due to the volume of popular opposition.

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