Cement News tagged under: Central Asia
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... |
Tajikistan eyes 20% increase in cement output in 202006 April 2020, Published under Cement NewsTajikistan has significantly increased production of cement this year despite the impact of the COVID-19 pandemic and the associated economic recession in the country, according to the Tajik Ministry of Economic Development and Trade and local media reports. In the first two months of 2020, domestic cement output amounted to 564,300t, an increase of 20.3 per cent YoY. Local analysts expect cement production to continue to grow as in previous years. In 2018 total production amounted to 3.... |
Steppe Cement price focus helps lift 1H turnover19 July 2017, Published under Cement NewsSteppe Cement reported a 15 per cent decline in volumes for the first half of 2017 while turnover was up by four per cent over the same period as the Kazakhstan-based producer focussed on pricing. In a market update for the first half of the year published on Monday, the company said sales volumes fell to 650,333t from 761,777t a year earlier. Meanwhile, turnover reached KZT8553m (US$26.2m) versus KZT8190m in 1H16. The average price for delivered cement in the 1H17 increased to KZT13,15... |
Steppe Cement 1Q17 volumes down as Kazakh market contracts19 April 2017, Published under Cement NewsSteppe Cement reported a 35 per cent YoY decline in cement sales volumes to 124,669t in the first quarter of 2017 as cement consumption in Kazakhstan fell five per cent YoY. In March 2017 alone, domestic consumption was down by 12 per cent, partly due to extended holidays, Steppe Cement said in a trading update released last week. The company added that it continued its strategy of increasing prices at the expense of market share. As a result, its market share fell from 16 per cent in... |