Steppe Cement 1H revenues up 20%, Kazakhstan

Steppe Cement 1H revenues up 20%, Kazakhstan
Published: 30 July 2010

Steppe Cement, a Kazakhstan-focused cement producer, said its first-half revenues rose by 20% to KZT4.694bn (US$32m).

In the first six months of 2010, Steppe Cement sold 523,156t of cement at an average price of KZT8972 ($60.93) per ton, compared to 442,227t at an average price of KZT8776 (US$60.62) per ton in the same period of 2009, the company said in a statement.

Steppe Cement said the cement market in Kazakhstan increased by 19% year-on-year, and the company maintained its market share at 20%, same as in 1H2009.