Pakistan: Fauji Cement Company and utilities provider Kot Addu Power Company have entered into an agreement to jointly acquire 84% of Attock Cement Pakistan from Pharaon Investment Group (Holding). Mettis Global News has reported that the deal concludes a multi-bidder auction that commenced in 2025.
France: Greece-based Titan has completed the acquisition of Vracs de L'Estuaire (VDE). VDE operates a 600,000t/yr grinding plant at the port of Le Havre in Normandy. Titan says that it plans to serve VDE customers with new reduced-CO2 cement products ‘based on our broad palette of cements and supplementary cementitious materials, such as slag, pozzolan from our Greek operations and fly ash reclaimed with our proprietary technology.’
Titan first entered operation in France with the launch of its Marseille cement terminal in 1994.
US: Eagle Materials recorded sales of US$1.83bn in the first nine months of the 2026 financial year (FY2026), up by 2% year-on-year. A 5% year-on-year rise in costs, to US$1.28bn, offset sales growth to precipitate an 8% decline in net earnings, to US$364m. Cement sales rose by 7% to US$938m. The producer sold 6.05Mt of cement, up by 7%. The group reported ‘good progress’ on an on-going upgrade to its Laramie cement plant Wyoming.
Eagle Materials issued US$750m of 10-year senior notes with an interest rate of 5% during the quarter, which extended its total debt maturity schedule and increased committed liquidity. A portion of the proceeds repaid its bank credit facility. It ended 2025 with debt of US$1.8bn, net debt of US$1.4bn and a net leverage ratio of 1.8 times.
President and CEO Michael Haack said "Despite a mixed construction environment, Eagle's portfolio of businesses continued to perform well during the third quarter of FY2026. While the residential construction market was challenged, federal, state, and local spending on public infrastructure projects and private non-residential construction remained elevated, supporting strong demand for our heavy construction products. Our low-cost operations continue to generate strong cashflow that we are investing to advance our operational efficiency and our low-cost position."
India: Adani subsidiary Ambuja Cements recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$14.8m in the third quarter of the 2026 financial year (FY2026), down by 21% year-on-year. Net profit dropped by 86%, to US$4.01m. Ambuja Cements noted the effects of new labour codes, a new environmental tax in Chhattisgarh and an extra sales tax deposit during the quarter, as against an excise duty exemption and favourable income tax effects in the corresponding quarter of FY2025. All of this combined to offset what would otherwise have been a more-than-tripling of Ambuja Cements’ profit, according to the producer. Ambuja Cements sold 18.9Mt of cement in the third quarter of FY2025, up by 17% year-on-year.
CEO Vinod Bahety said "We achieved highest-ever quarterly volumes, higher premium cement sales – resulting in better realisation than industry peers – and better base capacity volumes growth."
