Cement News tagged under: Central Asia
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... |
Lebap Cement exceeds 1Mt production in 202315 February 2024, Published under Cement NewsThe Lebap cement plant in Turkmenistan produced more than 1Mt of cement of various grades last year. About 107,500t of cement were sent to neighbouring Uzbekistan last year, reports Turkmenportal. The plant’s specialists are optimistic about the future, planning to increase product production along with improving its quality indicators. |
Armenia imposes 6-month cement import ban28 December 2023, Published under Cement NewsThe Armenian government has banned imports from third countries for a period of six months. The step was taken to create favourable conditions for local cement producers. “The adoption of the decision is due to the need to regulate the importation of cement from third countries and to create equal conditions for cement produced and imported in the local cement market” indicates government text. In the January-October 2023 period, 0.965Mt of cement were produced in Armenia, up 20.1 per cen... |
Fitch B+ rating for United Cement Group01 June 2023, Published under Cement NewsFitch Ratings has awarded a B+ rating to United Cement Group (UCG) . The positive outlook by the rating agency is due UCG’s large-scale modernisation as well as with an increase in profitability. The recent acquisition of construction glass producer Kvarts by UCG is also expected to lead to ongoing improvements in product diversifiaction and strengthening of financial stability. Moreover, the integration of Kyzylkumcement is anticipated to increase operating profitability. According to F... |
Update on Uzbekistan21 March 2023, Published under Cement NewsCement producers in Uzbekistan have been benefitting from government measures to provide a conducive development environment for the building materials sector. Cement demand has grown rapidly, leading to new plant start-ups, but new capacity and gas shortages are putting pressure on utilisation rates. By Avesta Investment Group, Uzbekistan. The rising importance of Uzbekistan's construction industry has meant that local cement producers are benefitting from government measures to s... |
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... |
Central Asia market dynamics23 March 2021, Published under Cement NewsThe central Asian cement markets of the Kyrgyz Republic and Uzbekistan held firm in 2020 despite disruptions caused by the COVID-19 pandemic. GS-Expert discusses the dynamics of both markets, including production levels, trading trends, price developments, fixed asset investments and new capacity additions. By GS-Expert LLC, Russia. The cement sector in Uzbekistan is one of the most dynamic in central Asia In 2020 cement consumption in the Kyrgyz Republic steadily increased with... |
HeidelbergCement records cement sales of 122Mt in FY2023 February 2021, Published under Cement NewsHeidelbergCement’s preliminary, unaudited figures for the full year 2020 saw the result from current operations before depreciation and amortisation rising by six per cent LfL to a record EUR3.7bn while implementation of the company's COPE action plan led to cash savings of around EUR1.3bn. Despite the decline in sales volumes, group revenue for 2020 decreased by 6.6 per cent to EUR17.6bn (previous year: EUR18.9bn). Dr Dominik von Achten, chairman of the Managing Board of Heidelber... |
Caspian Cement fined for dust emissions31 December 2020, Published under Cement NewsKazakhstan's Caspian Cement LLP (HeidelbergCement group) has been fined KZT39m (US$92,689) for kiln dust emissions in the Mangistau region, according to the press service of the Ministry of Ecology, Geology and Natural Resources of Kazakhstan (EGNR). "The company made emissions into the environment without having a permit and a positive conclusion of the state ecological expertise. The organisation has arbitrarily disposed of waste in the form of kiln dust in the amount of 5500t. The enterp... |
Gazakh Cement kiln line commissioned during COVID-19 crisis23 October 2020, Published under Cement NewsSustained Visions (SUSVI) and DAL Teknik Makina (DAL) have completed the kiln line upgrade at Gazakh Cement plant in Azerbaijan despite the COVID-19 restrictions. Kiln Line No1 at the plant was built by a Chinese OEM and commissioned in 2013 with a clinker production capacity of 2400tpd. The modernisation comprised an upgrade of the raw mill, the preheater section, the kiln, clinker cooler and clinker transport system. The key equipment was supplied and installed by DAL Teknik Maki... |