African cement producers Dangote, PPC and BUA report stronger earnings. But across the continent, new capacity, uneven demand and rising costs are testing investment returns.

Austria’s cement industry is calling for CO2 storage in the ground, ORF reported, as companies seek ways to prevent the greenhouse gas from being released into the atmosphere. A new test facility at a cement plant in Kirchdorf filters CO2 from exhaust air. The gas is currently released again beca…

Bioenergy powering hard-to-abate areas-and sectors – a real-world example from New Zealand Industrial process heat is one of the toughest challenges in decarbonisation. Bioenery has emerged as a g...

London-based Seabound has developed a carbon capture system that transforms CO2 from a ship's engine into limestone, which Heidelberg Materials will use to make cement.

There was an empty house for Chris MacDonald's lessons in cement chemistry, history and politics last week.

The UK cement industry is ready to blaze a trail for modern, green manufacturing but government needs to embrace the potential of CCUS).

KUALA LUMPUR: Hume Cement Industries Bhd (HCIB) has entered into a conditional agreement to sell its entire equity interest in its wholly-owned subsidiary, Hume Concrete Sdn Bhd (HCCT) to YTL Cement (Sarawak) Sdn Bhd (YTL Cement Sarawak) at a base sale price of RM215 million. YTL Cement Sarawak’s parent company, YTL Cement Bhd, which is a 96.11 percent subsidiary of YTL Corporation Bhd, acted as the corporate guarantor for the transaction. HCIB in a filing to Bursa Malaysia yesterday said the proposed sale of HCCT, which manufactures and markets concrete and related products, is being implemented as part of the […]

He is tasked with boosting distribution efficiency, increasing process transparency, and improving the customer experience.

Investing.com -- Goldman Sachs has initiated coverage on Amrize (NYSE:AMRZ), a North American cement and roofing company, with a “neutral” rating and a 12-month price target of $57, representing 15% upside from the June 30 closing price of $49.55. The brokerage’s evaluation flags Amrize’s leading position in U.S. cement, balanced against near-term headwinds in construction demand. Amrize holds a 23% share of the 104 million ton U.S. cement market, the highest among domestic producers, with over 50% local market share within a 150-mile radius of its plants. This geographic concentration provides pricing power in a sector where transport costs are high. Goldman estimates Amrize’s cement EBITDA margins at approximately 40%, underpinned by a logistics network that ships more than 60% of cement by rail and barge. The company’s operational scale includes 18 cement plants (13 U.S., 5 Canada), 141 terminals, and 55 cementitious operations. Amrize’s Building Materials segment accounts for 71% of sales and 77% of EBITDA, while its Building Envelope business, developed through seven acquisitions since 2021, makes up 29% of sales and 23% of EBITDA. Building Envelope margins have expanded from 15% in 2021 to 23% in 2024. Revenue is projected to rise modestly from $11.7 billion in 2024 to $12.9 billion by 2027. Earnings per share is expected to increase from $2.69 in 2024 to $3.60 in 2027. Free cash flow per share is forecast at $0.07 in 2025, rising to $3.92 in 2027. Amrize is targeting capital returns with $1.6 billion in planned share repurchases annually from 2026. The U.S. cement industry remains in a structural net import position, with 24% of demand met by imports due to prohibitive domestic replacement costs ($800–$1,000 per ton). Amrize imports only a small portion of its cement, largely from Canada. The company is investing in capacity expansions, including a fifth mill at its St. Genevieve plant and a new clinker line in Quebec. Despite these strengths, Goldman cites a deceleration in private non-residential construction as a limiting factor. Construction spending is expected to grow just 1% in 2025, down from 7% in 2024, driven by weaker trends in manufacturing, warehousing, and office space.

MEXICO CITY (Reuters) - Mexican cement maker Cemex reported an 18% dip in its core earnings for the first quarter on Monday, driven largely by headwinds in the local market. Cemex reported earnings before interest, taxes, depreciation and amortization of $601 million, in line with estimates, due to a weaker peso currency and a dip in volumes at home, it said in a filing. The peso caused a $65 million hit to EBITDA, Cemex said, while volumes dropped in Mexico due to a rush last year to finish government infrastructure projects before presidential elections. The firm expects its full-year EBITDA to come in upward of $3 billion, and held that forecast on Monday. The U.S. was Cemex’s largest market by sales in the first quarter - followed by Europe, the Middle East and Africa - and then Mexico. Total sales slipped 7% to $3.65 billion, also in line with the LSEG-compiled estimate, as higher prices failed to fully offset lower volumes. Cement and ready-mix volumes ticked up slightly, though aggregates came down 4%, Cemex said. The results come after Cemex’s long-time CEO Fernando Gonzalez retired at the beginning of this month, with Cemex USA head Jaime Muguiro replacing him. The firm has shifted its focus in recent years toward the U.S., selling off non-core businesses including in Guatemala, the Philippines and the Dominican Republic. In February, Bloomberg News reported that Cemex was gauging interest for a potential sale of its Colombia unit. In the quarter, Cemex’s net profit nearly tripled to $734 million, boosted by the Dominican Republic sale. According to Cemex, $618 million of its net profit in the quarter came from discontinued operations.