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UltraTech’s Expansion & The Future of Green Cement: Key Market Shifts in 2025

Whether you're tracking financial moves, technological advancements, or sustainability policies in the cement and AFR industry, here’s what you need to know from The AFR Insider.

March 14, 2025

From strategic mergers and executive shifts to the growing adoption of alternative fuels and sustainability-driven market trends, this edition of our newsletter brings you the most significant updates shaping the cement and alternative fuels industry. Whether you're tracking financial moves, technological advancements, or sustainability policies, here’s what you need to know.

Corporate & Business

Strategic decisions, leadership changes, and major acquisitions shaping the cement industry.

Cementos Argos Finalises Summit Materials Sale to Quikrete Holdings

Cementos Argos has completed the sale of Summit Materials to Quikrete Holdings, impacting cement market dynamics in North America.

www.aggbusiness.com

  • Be'ah Inks MoC with Raysut Cement, German Company to Devise Alternative Fuel Model
    Oman's Be'ah and Raysut Cement, in collaboration with a German company, are working on a new alternative fuel model for cement production. Read more

  • Cementir Holding Reports Preliminary 2024 Financial Results
    Cementir Holding recorded steady cement sales but faced slight revenue and EBITDA declines. The company is focusing on alternative fuels and decarbonization. Read more

Insights into global cement demand, economic shifts, and financial performance of key industry players.

UltraTech Eyes HeidelbergCement as Next Target in Expansion Spree

UltraTech Cement is reportedly eyeing HeidelbergCement as part of its expansion strategy, which could impact the competitive landscape in the cement sector.

www.outlookbusiness.com/corporate/ultratech-eyes-heidelbergcement-as-next-target-in-expansion-spree

  • Kebbi, MSM Group sign $2.4bn cement plant agreement

    The Kebbi State Government and MSM Group have signed a landmark agreement for the construction of a three-million-ton-per-annum cement plant in the state, a project valued at $2.4 billion and expected to create 45,000 direct and indirect jobs. Read more.

  • Latin America's Refuse-Derived Fuel (RDF) Market Projected to Hit $110.19 Million by 2034
    The RDF market in Latin America is projected to grow to $110.19M by 2034, benefiting cement kilns, industrial boilers, and power plants as an alternative to fossil fuels. Read more

  • Taiheiyo Cement Releases Results for Last Nine Months of 2024
    Taiheiyo Cement reports a 3% increase in net sales, with domestic demand declining but export volumes rising significantly. Read more.

Sustainability & Green Cement

The transition to low-carbon cement and alternative fuels is reshaping the industry.

Bankers' Climate Alliance Prepares Vote on Ditching 1.5C Goal

Financial institutions are considering withdrawing their commitment to the 1.5°C climate target. This could impact investments in green steel and low-carbon cement markets.

www.msn.com/en-us/money/other/bankers-climate-alliance-prepares-vote-on-ditching-1-5c-goal/ar-AA1AHGLc

  • Green Concrete Market Witnessing Strong Adoption
    The green concrete market is growing rapidly, with an expected CAGR of 5.6% from 2025-2032, driven by global decarbonization efforts in the cement industry. Read more

  • CarbiCrete Enters U.S. Market with Carbon-Negative Grid Pavers
    CarbiCrete has expanded into the U.S. with its carbon-negative concrete technology, reducing emissions and promoting sustainable building materials. Read more

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