Cement News tagged under: Central Asia
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... |
Turkmenistan looks to increase production capacity03 February 2016, Published under Cement NewsPresident of Turkmenistan, Gurbanguly Berdimuhammadov, has called on relevant government ministers to consider possibilities of increasing cement production in the country, the Turkmen Altyn Asyr TV channel reported. The move is expected to see the construction of mini cement plants in the country, with the head of the Turkmen state saying that the private sector should be provided with the necessary assistance to obtain loans for the establishment of these projects as soon as possible. ... |
Tajikistan ratifies agreement on new plants12 February 2015, Published under Cement NewsTajikistan's lower chamber of parliament on Wednesday ratified an investment agreement signed between Tajikistan and Chinese cement producer Huaxin for the construction of two greenfield plants. With a combined production capacity of 2.2Mta, the two plants will be built in Bobojon Ghafurov district and Danghara Free Economic Zone, said Lochin Fayzulloev, first deputy chairman of the State Committee on Investment and State-owned Property Management, at the parliamentary session. The agre... |
Italcementi obtains EBRD loan for plant revamp04 December 2014, Published under Cement NewsThe Italcementi Group has signed an agreement with the European Bank for Reconstruction and Development (EBRD) granting it a loan for approximately EUR20m to fund the modernisation of the Shymkent cement plant in southern Kazakhstan. In addition to the loan, the EBRD will make an investment of approximately EUR4m in Shymkentcement, for an equity stake of around 21 per cent. The project, arranged under the EBRD policy to support energy efficiency initiatives in Kazakhstan, will replace the... |
Tajikistan 10-month output rises06 November 2014, Published under Cement NewsOver the first 10 months of this year Tajikistan produced more than 1Mt of cement, an increase of 776,000t compared to the same period of last year, according to the Ministry of Industry and New Technologies (MoINT). The increase in output has been possible due to the “operation of two large cement plants – the Yovon cement plant [Huaxin Gayur Cement Co] and OJSC Tojikcement [Dushanbe cement plant],” an official source at the MoINT told Asia-Plus in an interview. According to the source,... |
Tajik-Chinese talks over new plant project24 June 2014, Published under Cement NewsTalks between Tajiki and Chinese investors are underway over the construction of a cement plant in the south of the central Asian country. The 1Mta cement plant is expected to be constructed in Dangara, unnamed government sources revealed to local press. The estimated cost of the project is reported to be around US$150m. |
Steppe Cement profit rises as Kazakh market grows 13%02 May 2014, Published under Cement NewsKazakhstan-based Steppe Cement Friday reported an increase in profit and revenue in the full year 2013, as domestic demand grew by double-digit figures. Steppe posted pretax profit of US$13m for 2013, up from US$12m a year earlier, as revenue rose to US$123m from US$120.2m in 2012. EBITDA for 2013 rose to US$28.7m compared with US$24.9m in 2012. Steppe said it sold 1.4Mt of cement during the period, up from 1.3Mt a year earlier, while selling prices increased five per cent in US dollar... |
Steppe Cement 1Q14 market update, Kazakhstan18 April 2014, Published under Cement NewsSteppe Cement Ltd said it sold 198,607t of cement in the 1Q14 for KZT2486m (US$13.7m), compared to 166,121t of cement for KZT2272m in 1Q13, representing an increase of 20 and nine per cent, respectively. The company reported that the Kazakhstan cement market remained broadly similar compared to the same period of 2013, although the weather was colder this year compared to last. Steppe Cement's market share increased from 15 per cent in 1Q13 to 17 per cent in the first three months of the ye... |