Global Cement News

North Macedonia: Cementarnica Usje, part of Greece’s Titan Cement, said that its net profit plunged by 47% year-on-year to €2.6m in the first three months of 2025. This was despite just a 2% decrease in total operating revenues, which came in at US$19.5m over the three-month period. Total operating expenses grew by 22% year-on-year to US$15.2m, mostly due to higher costs for raw materials.

Morocco: Cement sales increased by 4.5% during the first quarter of 2025, to reach 3.38Mt, according to the Department of Financial Studies and Forecasts. Sales in the same period of 2024 were 3.25Mt. This growth was reportedly driven in particular by the precast concrete sector, which saw growth of 16.8%, and the ready-mix concrete sector, which grew by 18.6% year-on-year.

Angola: The government has announced that it expects to receive around US$240m from the privatisation of three companies owned by China International Found (CIF) Angola, following the auction of their factories. As well as CIF Automobile Assembly Unit and CIF Lowenda Beer Factory, the government is privatising CIF Cement Cement Factory, for which it anticipates receiving US$197m for the asset. The Griner/Ciment/Mercons consortium was the preferred bidder, with the H&S/Yupeng consortium second, Moçambique Dugongo Cimentos third and Huaxin Cement fourth.

The three companies were previously nationalised by the Angolan state as part of an anti-corruption process.

Greece: Titan Group has once again been named one of Europe's Climate Leaders in the fifth edition of a prestigious list published by the Financial Times. This marks Titan's second consecutive year of recognition, reaffirming the company's commitment to environmental stewardship and sustainable business practices. It also highlights Titan's accelerated progress toward achieving net zero, in line with its Green Growth Strategy 2026. Titan achieved the highest score in its sector.

The selection criteria focuses on companies that have delivered the largest reductions in Scope 1 and 2 greenhouse gas (GHG) emissions intensity between 2018 and 2023. Titan reported that its efforts to mitigate climate change were instrumental to its inclusion, with a total CO2 reduction of 9.6% achieved during this period. In addition, Titan's transparency regarding Scope 3 emissions and its active engagement with sustainability assessors, including CDP and the Science Based Targets initiative (SBTi), contributed to its recognition.

North Korea: The Kangso Cement Factory has reportedly increased the rate of extraction from its quarry following an earlier kiln capacity upgrade, according to the Korean Central News Agency, which speaks for the Workers’ Party of Korea and the country’s national government.

It says that officials and workers have fulfilled production plans by ‘ensuring proper cooperation between shifts and between production lines’ and operating equipment at full capacity. It said that the workers and technicians of the calcining work-team are improving the quality of products and that workers responsible for cement production are producing more cement than planned every day by ‘checking, repairing and maintaining equipment with foresight.’