Cement Net Report: Comparative Analysis of Operation and Development of Overseas Multinational Cement Groups in the First Half of 2025

Recently, the Big Data Research Institute of China Cement Network made a comparative analysis of the operation and development of four overseas multinational cement groups, Holcim, Heidelberg, Cemex and Old Castle, in the first half of 2025. The data show that due to the differentiation of global cement demand trend, the revenue and gross profit scale of the above-mentioned companies vary, but thanks to the continuous reduction of sales costs and operating costs, most enterprises can still achieve net profit growth. The specific analysis is as follows:

I. The global demand differentiation intensifies, and the scale of cement business increases and decreases differently

. In the first half of 2025, the total revenue of four overseas multinational cement groups, Old Castle, Holcim, Heidelberg and Cemex, increased and decreased differently, and the regional differences in the development of global cement business are obvious.

Specifically, the total revenue of the Old Castle Group reached 16.96 billion US dollars, an increase of about 4.8% over the previous year. Among them, the basic materials business (including cement and aggregate sales) achieved revenue of $4.68 billion, an increase of about 6.1% year-on-year.

Holcim's first-half revenue totaled 7.87 billion Swiss francs ( $11.37 billion), down about 2.2% from a year earlier. Among them, building materials business revenue fell to 5.82 billion Swiss francs ( $6.77 billion), a year-on-year decline of about 0.9%.

Heidelberg Group achieved operating income of 10.40 billion euros ( $10.8 billion), an increase of about 4.1% over the previous year. Among them, cement business revenue was about 5.47 billion euros ( $5.98 billion), an increase of 4.3% year-on-year. The total revenue

of Cemex Group (only cement, concrete aggregate and other building materials business) reached 7.77 billion US dollars, a decrease of about 6.3% compared with the same period last year.

Figure 1: Revenue of Four Overseas Multinational Cement Groups in the First Half of 2025 (Unit: USD Million)

Data Source: Cement Big Data (https://data.ccement.com/)

From the perspective of different regions, The growth of cement business in Africa and the Middle East is generally faster, while the growth of cement business in North America is under pressure due to adverse weather and weak demand.