Cement News tagged under: Kazakhstan
International Cement Group sees revenue advance 14% YoY11 April 2024, Published under Cement NewsInternational Cement Group (ICG) , which operates cement plants in Tajikistan and Kazakhstan, has reported revenue of SGD257.4m (US$191.4m) in 2023, up 14 per cent on the SGD225.2m seen in the previous year. Net income over the same period was down 44 per cent to SGD16.1m. EBITDA in 2023 was recorded at SGD60.8m, down from SGD66.2m in the previous year, while profit after tax contracted from SGD38.8m in 2023 to SGD29.1m in 2024. According to the company, the fall in profit was driven by a s... |
Steppe Cement posts 24% drop in 1Q revenue05 April 2024, Published under Cement NewsKazakhstan-based Steppe Cement reported revenue of KZT3.779bn (US$8.4m) in the first quarter of 2024, down 23.5 per cent from KZT4.938bn in the year-ago period. The company's market share in Kazakhstan contracted to 11.5 per cent in the 1Q24 from 12.7 per cent in the 1Q23. Steppe Cement sold 175,383t of cement, representing a 18.4 per cent drop when compared with the 1Q23 when sales volumes stood at 214,832t. The average price received by the cement producer fell 6.3 per cent to KZT21,545... |
Steppe Cement reports lower volumes in 1H2313 July 2023, Published under Cement NewsKazakhstan-based Steppe Cement Ltd has reported sales volumes of 749,034t of cement in the first half of 2023, down from 837,063t in the same period a year earlier. Revenue over the same period fell from KZT19,579m (US$44.09m) to KZT16,977m. The average price for delivered cement over the 1H23 stood at KZT22,665/t (ex-VAT), compared to KZT23,391/t in the first half of 2022. The ex-factory price over the same period declined from KZT20,485/t to KZT19,205/t. The cement market in Kazakhst... |
Steppe Cement sees volumes fall 24% in 1Q2314 April 2023, Published under Cement NewsKazakhstan-based Steppe Cement has reported sales of KZT4.94bn (US$10.96m) in the opening quarter of 2023, compared to KZT6.3bn in the same period a year earlier, representing a 21 per cent YoY decline. According to the Morning Star, in terms of cement volumes, over the same period sales fell from 281,968t to 214,832t, down 24 per cent YoY. The company’s market share has also slipped from 14 to 13 per cent. Cement demand in Kazakhstan is expected to come in at around 10-10.5Mt in 2023, ... |
Kyrgyzstan production up 7% in 202224 February 2023, Published under Cement NewsThe Kyrgyz cement industry produced 2.666Mt of cement in 2022, according to the Eurasian Economic Commission. This represents a YoY increase of 7.1 per cent. Kazakhstan’s cement output reached 12.088Mt while in Russia cement plants produced 60.667Mt. Armenia’s cement output was over 1Mt, up by 17.7 per cent YoY. |
Steppe Cement records 11% revenue growth in 202212 January 2023, Published under Cement NewsSteppe Cement Ltd recorded 11 per cent revenue growth in 2022 to KZT40m (US$86,560) from KZT36m a year earlier, citing positive market conditions as it focussed on the Kazakh domestic market. The average price for delivered cement in 2022, excluding value added tax, was KZT23,963/t, up 12 per cent from KZT21,332 a year earlier. Steppe Cement reported positive market conditions in the Kazakh domestic market where cement market consumption remained at around 11.6Mt last year. Steppe Ce... |
Steppe Cement reports 9% increase in revenue in 3Q2207 October 2022, Published under Cement NewsKazakhstan's Steppe Cement Ltd has posted a nine per cent YoY increase in revenue in the 3Q22. Revenue came in at KZT13,071m (US$27.7m) compared to KZT12,045m in the same period last year. In the 9M22, revenue was KZT32,651m, up 13 per cent YoY from KZT28,812m in the 9M21. The company sold 546,327t of cement in the 3Q22, up two per cent YoY. In the opening nine months of this year, sales reached 1,362,407t, down one per cent from the 1,375,464t reported in the 9M21. The average pri... |
Steppe Cement sees 65% surge in 1H post-tax consolidated profit30 September 2022, Published under Cement NewsSteppe Cement has announced a consolidated profit after tax of US$10.2m for the six months ended 30 June 2022, up 65 per cent YoY. The Kazakstan cement producer’s gross margin in the 1H22 edged up from 44 to 46 per cent in US$ terms on the back of cement price increases . Selling expenses per tonne (in US$ terms) were down 20 per cent YoY in the 1H22 due to increased sales to markets located closer to the company’s cement plant. However, production costs increased by 11 per cent in ... |
Tajikistan leading cement importer in Uzbekistan29 September 2022, Published under Cement NewsThe State Committee of Uzbekistan on Statistics said the country receives the largest part of its cement imports from Tajikistan, which exported in the 8M22 approximately 625,000t of cement into Uzbekistan. Tajikistan produced 2.9Mt of cement in the January-August 2022 period. Other key importers include Kyrgyzstan and Kazakstan, which exported 458,000t and 409,000t, respectively to Uzbekistan. |
Uzbekistan reduces imports by 25% in 7M2224 August 2022, Published under Cement NewsIn the January-July 2022 period Uzbekistan has imported 1.3Mt of cement, with a value of US$52.2m. In terms of volume, this represents a 24.5 per cent YoY drop from 1.721Mt in the 7M21, reports Asia-Plus. Of this total, 533,000t was exported by Tajikistan, which is the largest importer into Uzbekistan. Other sizeable volumes originated in Kyrgyzstan (385,000t) and Kazakhstan (353,000t). Turkmenistan imported 11,500t, while Iran supplied 6700t and China 1400t. Russia delivered 782t. Tajik... |