Global Cement News

India: Nuvoco Vistas Corporation has reported that a decline in cement and ready-mix concrete sales caused an 85% year-on-year fall in its net consolidated profit for the 2025 financial year (FY2025), which ended on 31 March 2025.

Its net profit attributable to its owners fell from US$17.5m in FY2024 to just US$2.6m in FY2025. Its revenues from operations fell by 3.5% to US$1.23bn, while revenues from cement operations also fell by 3.5%, to US$1.12bn. Nuvoco Vistas sold 1.94Mt of cement during FY2025.

Nuvoco Vistas’s managing director, Jayakumar Krishnaswamy, said "Despite a subdued demand environment in the first half of FY2025, the company witnessed a strong rebound in the second half. The company responded swiftly by capitalising on emerging opportunities to strengthen its market presence.”

Kyrgyzstan: A total of 0.58Mt of cement was produced during the first quarter of 2025. This was a rise of 51.6% year-on-year compared to 0.38Mt in the first quarter of 2024, according to the National Statistical Committee. It was also higher than the first quarter of 2023, when 0.45Mt of cement was produced.

However, construction companies and buyers of construction materials have recently encountered cement shortages in the capital city Bishkek. Local finance media source Tazabek reported that it has contacted several construction stores, wholesale and retail points of sale of cement, which confirmed shortages. Cement is expected to be back in stock within 10 days.

Trinidad & Tobago: Cemex subsidiary Trinidad Cement (TCL) has reported a strong start to 2025, posting a net profit attributable to shareholders of US$3.8m in the first quarter of the year. This represents a significant turnaround from the US$1.1m loss recorded in the first quarter of 2024, with TCL reporting higher revenues and ongoing cost management initiatives. TCL attributed this to a series of necessary price rises, the most recent of which took effect in February 2025.

TCL’s revenue for the first quarter of 2025 rose by 9% year-on-year US$92.2m, up from US$84.4 in the first quarter of 2024. Its gross profit climbed to US$27.4m, which the company attributed to improved sales volumes and operational efficiencies across its regional markets, including Trinidad & Tobago, Jamaica, Barbados and Guyana.

US: Queens Carbon has secured US$10m in seed funding to scale up production of its novel cement and supplementary cementitious materials (SCMs). The start-up will build a 2000t/yr demonstration plant at strategic partner Buzzi Unicem USA's Stockertown, Pennsylvania, cement plant. The plant will demonstrate Queens Carbon’s low-energy Q-Reactor technology, which employs novel hydrothermal chemistry, with the help of steam and pressure, to combine standard cement feedstocks into carbon-neutral hydraulic cement and SCMs. The company’s flagship product, Q-SCM, is capable of replacing up to 50% of cement in concrete mixes. Queens Carbon says that it will now also begin preparations for its first full-scale commercial plant.

Buzzi Unicem USA was among investors in the seed funding round, led by Climate technologies investor Clean Energy Ventures, with participation from fellow venture capital firm Plug and Play.

Queens Carbon CEO Daniel Kopp said "With support from Clean Energy Ventures, Buzzi Unicem USA and the US Department of Energy, we're building next-generation technology and assembling the creative talent needed to drive industry revenues to move cement innovation forward and significantly reduce CO₂ emissions from cement production, all without a green premium."

Luigi Buzzi, Chief Technology Officer at Italy-based Buzzi, said "We know that achieving our goal of net-zero carbon emissions by 2050 demands forward-thinking solutions to enhance both our operations and our environmental performance.”

Pakistan: The Federal Board of Revenue (FBR) has introduced a new valuation mechanism for collecting sales tax on cement, effective 1 May 2025. Under the revised approach, the FBR will use the average national retail price of cement as reported in the Pakistan Bureau of Statistics' (PBS) weekly Sensitive Price Index (SPI). Average prices will be calculated just before the 1st and 16th of each month, with the values used to calculate taxes for the approximately two-week periods that begin on the corresponding dates.

FBR officials said the decision aims to prevent under-invoicing practices within the cement sector by aligning the taxable value with officially reported retail prices.
By using PBS data as the benchmark, the FBR expects to streamline sales tax collection and reduce revenue leakage in the cement supply chain.