Steppe Cement sees 31% rise in revenue, Kazakhstan

Kazakhstan-based cement producer, Steppe Cement, reported a 31 per cent rise in revenue in 2011 to KZT14.07bn (EUR71.77m) compared to KZT10.74bn in 2010.

Cement sales rose to 1.23Mt, up 6.5 per cent compared to the 1.15Mt recorded in 2010. The company said it maintained its market share in 2011 despite increased competition after two new factories commenced production during the year.

Overall domestic sales in Kazakhstan increased to 6.2Mt, up nine per cent YoY. Imports were down 14 per cent from 20 per cent in 2010.

The average price ex-VAT for delivered cement was KZT11,448/t (2010: KTZ9286), Steppe Cement reported. The ex-factory price was KZT9913.