Cement Net Report: More than 4000 Layoffs! Mexico's Cemex Growth Exceeds Expectations in Third Quarter

According to foreign media reports, on October 29, Corning, an American solar manufacturer, announced on its third quarter earnings conference call that its silicon ingot and wafer factory in Michigan had been officially put into operation.

2025-10-30 16:44:21

Cemex, a Mexican cement manufacturer, had a good third quarter core earnings performance, with core earnings growth of 19% exceeding market expectations. Although cement sales were flat and sales of products such as ready-mixed concrete were slightly lower, the price increase resulted in a 5% increase in revenue. About $90 million was saved through cost-cutting measures, and the number of employees was reduced to 40200, down 9% from the same period last year. However, net income fell 35% to $264 million, mainly due to a one-time gain from the sale of the Guatemala business last year, which led to an 8% increase in net profit. Since taking office in April, CEO Jaime Muguiro has made efforts to divest non-core assets, focusing on the U.S. aggregates business, and said in July that he would sell further assets.

2025-10-29 11:35:03

Recently, the Minister of Economy of the Romania, Radu Miruza, announced a request to the European Commission to study the possibility of restricting non-EU cement imports. As domestic producers worry about "unfair competition" eroding local industries, data submitted by representatives of the cement industry in the past month show that imports of cement from Ukraine, Turkey and other countries have surged "almost exponentially", and foreign enterprises have a great cost advantage. Miruza and the Deputy Director-General of the Directorate-General for Trade of the European Commission agreed to send a letter as soon as possible to initiate a safeguard investigation. Luo cement manufacturers said that low-price imports depressed prices, kiln operating rate dropped sharply, if there is no limit on the industrial chain will face the risk of shutdown and layoffs.

2025-09-26 16:25:10

From January to May 2025, the sales volume of cement in Indonesia decreased by 1.6% compared with the same period last year, and there were rises and falls in different regions. The output decreased by 8.7% year on year, and the mixed cement accounted for 63% of the total output. Clinker output decreased by 1.8% year on year. On the export side, the export volume of cement decreased by 17.6% and the export volume of clinker increased by 18.1% year on year, and the main export destinations of cement and clinker were listed. Bagged sales accounted for 72% of total sales in January-May.

2025-06-25 10:49:41

Saudi cement prices climbed to their highest level in nearly 12 years in April. The price of 50 kilograms of cement bags rose by about 1% year-on-year to 14.5 Saudi riyals (about $3.8). Domestic demand is the main reason for the price increase, which surged by about 43% in the month and increased by nearly 13% since the beginning of 2025. In addition, the increase in consumer prices due to rising production costs and the end of the price war among cement manufacturers are also factors, while the prices of other building materials have also risen.

2025-06-16 13:16:42

US company Ozinga breaks ground on a low-carbon cement manufacturing plant in East Chicago, Indiana. The plant is equipped with one of the largest vertical roller mills in North America, with an annual capacity of 1 million tons, and will become the largest plant in North America after completion. It is well located to serve American and Canadian customers. This is an important milestone for Ozinga to achieve the goal of net zero concrete in 2030, which will reduce import dependence, reduce carbon content, support the environment and economy, and offset more than 700000 tons of carbon dioxide emissions annually.

2025-06-13 11:17:01

The national budget of Bangladesh for fiscal year 2025-2026 has made significant adjustments to the tariff and tax structure of key raw materials for steel bar and cement production. This adjustment has raised concerns in the industry that it will increase the price of steel and cement, thus increasing the overall construction cost. This adjustment may affect the cost of raw materials, and then transmit to the price of related materials in the construction industry, resulting in greater cost pressure on the construction industry.

2025-06-04 10:36:12

Since 2015, the cement industry landscape in Cameroon has changed significantly. Cimencam's nearly 50-year monopoly has been broken, and new players are emerging. Cimpor has set up a factory in Kribi Industrial Port, and four cement producers have taken root in Douala, the regional capital. A total of five new cement producers have been added. This change will have a far-reaching impact on the competition pattern and market supply of Cameroon's cement industry.

2025-05-30 13:22:07

The American Cement Association's Spring Market Intelligence Report predicts that cement consumption in the United States will decline by 1.6% in 2025, which is not caused by the economic recession caused by trade disputes. "Uncertainty" is the top issue in the construction industry, although improved trade negotiations will ease market pressures, but high interest rates still affect forecasts. The US economy is expected to avoid recession in 2025 and grow strongly in 2026-2027. Residential, commercial and infrastructure construction have their own challenges. In 2025, cement consumption in the United States lacks growth momentum, and the industry is facing many complex impacts.

2025-05-20 09:55:56

Sales of Brazilian cement industry increased in the first quarter of 2025, thanks to government investment in infrastructure and the recovery of real estate demand. Growth momentum includes policy dividends and long-term infrastructure construction. However, the industry is facing the pressure of high interest rates and rising costs, and the growth expectation is lowered. At the same time, there are problems of regional differentiation and overcapacity, and the industry is speeding up shuffling. Future development is subject to interest rates, fiscal policy and other key variables, such as interest rate cuts, carbon pricing policy landing, the transmission effect of inflation in the United States.

2025-04-16 10:27:35

The price of cement in Nigeria reached a new high in April 2025, with 50 kg of cement reaching 9700 naira/bag. Leading companies include Dangote Cement, whose prices affect construction costs across the country. The government has repeatedly called for a price cut, such as Works Minister David Umehi's request for a reduction to 7,000 naira, but producers have not responded. Industry giant sales growth but net profit affected by foreign exchange losses. The rise in cement prices is related to many factors, and the government believes that the exchange rate and fuel price factors have created conditions for price reduction.

2025-04-16 10:01:20

The cement industry in Ghana is undergoing a green revolution. CBI Ghana Ltd. Invested US $100 million in LC3 technology, and its new Tema plant is the largest LC3 plant in the world, using local raw materials to produce cement. This innovation reduces import dependence, costs and carbon emissions, and the Ghana Standards Authority will adopt the LC3 standard in 2024. The project creates jobs, benefits communities, empowers women, significantly reduces emissions and supports climate action, and invests in laboratories to train talents, making Ghana a leader in sustainable cement production in Africa.

2025-04-15 11:03:09

On March 28, 2025, the 7.9 magnitude earthquake in Mandalay, Myanmar, damaged five of the nine cement plants. As a result, the price of cement has risen from 20,000 kyats per bag to 37,000 to 40,000 kyats, the supply is short or even out of stock, and the production capacity has dropped sharply. Myanmar's Ministry of Industry supports the repair of cement plants, allowing the import of cement, and recently ships carrying cement arrived in Yangon. Myanmar's annual cement demand exceeds 10 million tons, while the domestic demand can only meet 8 million tons. The government and the industry are actively seeking solutions to restore and develop the cement industry.

2025-04-15 09:12:30

Although there are also imported cement from Thailand, but the price is relatively high, compared with the local KBZ brand cement, the price difference between each bag is 2000-3000 kyats. Without electricity, all walks of life are more difficult.

2019-06-01 11:35:19

Cemex has been aggressively seeking to reduce its debt and regain an investment-grade rating

2019-03-29 09:24:53

Md Shahidullah, vice president of Bangladesh Cement Manufacturers Association (BCMA), told local media that the local cement industry was running well in 2018, with cement sales increasing to 33 million tons, up 12% year-on-year.

2019-03-26 10:03:51

During the financial crisis, cement production in the United Kingdom declined by about 5 million tons per year in 2007-2008. Since then, the output has basically kept growing. However, it may have reached a plateau in 2017, with major cement producers complaining of market weakness due to Brexit uncertainty.

2018-07-03 13:50:45

The UK is on a plateau of economic and construction growth. Despite the strong demand for cement and related construction materials, this unsettling situation is likely to continue for some time, given the uncertainty surrounding the exact terms of Brexit, which is now just nine months away.

2018-06-25 17:32:20

Ed Sullivan, chief economist of the Portland Cement Association (PCA), said in a recent interview that the tax reform bill and the infrastructure bill will greatly benefit the U.S. cement industry, and the primary risk is a trade war between China and the United States.

2018-05-31 11:49:43

According to local media reports, Vietnam's cement production in 2017 increased by 6% compared with the same period in 2016, reaching 80 million tons. The data came from the Bureau of Building Materials under the Ministry of Construction of Vietnam.

2018-01-03 13:53:20

In the first four months of this year, Vietnam exported 6.7 million tons of cement and clinker, an increase of 12.8% over the same period last year, and an increase of 7.9% to 235 million US dollars.

2017-06-27 10:07:17

At present, the southern producers can only control the capacity utilization rate at about 60%, because the local market is more than nearly 50 different brands of cement, the competition is extremely fierce, and the price fluctuation is also very large.

2017-06-19 11:40:53

Indonesian Minister of State Enterprises Rini (Rini M Soemarno) confirmed that the Indonesian cement plant in Rembang, Central Java Province, went into operation in April this year.

2017-03-29 10:05:53

In the first two months of this year, Indonesia's cement sales increased by 0.2% to 4.54 million tons compared with 4.53 million tons in the same period last year, which was much lower than the expected target of 4% to 5%.

2017-03-15 09:37:23

The chief executive of Angola's Nova Cimangola ( "NC Cement"), Manuel Pacavira J, said the company would double its cement production to 3.6 million tons by the middle of 2018, when it opens its second factory. Since 2015, the second plant has invested 350 million US dollars.

2016-11-29 08:45:46