Cement News tagged under: Karcement

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Steppe Cement CEO increases share

14 October 2022, Published under Cement News

The family of Javier del Ser Perez, chief executive officer at Kazakhstan’s Steppe Cement , has increased its share in the company. Following the purchase of 300,000 ordinary shares, the family now holds 18,543,115 ordinary shares, equivalent to an 8.47 per cent share in the cement producer.  Steppe Cement currently runs two integrated cement plants in Kazakhstan under its subsidiaries – Central Asia Cement JSC (1.1Mta) and Karcement JSC (0.8Mta) – giving a total cement production ca...

Karcement to complete Kiln Line No 5 upgrade by 3Q13, Kazakhstan

03 May 2013, Published under Cement News

Karcement, part of the Central Asia Cement group, has said that the upgrade of Kiln Line No 5 will be completed by the third quarter of 2013 and forms part of the company's modernisation programme.  The new line will have a capacity of 1.2Mta and use dry-process technology. "Until now 85 per cent of the modernization works has been done. The line is scheduled to start a full-capacity operation in late October 2013, the company’s CEO, Gan Chee Liong, told local press. The project is part...

Fitch assigns Central Asia Cement 'BB-(kaz)' rating

29 October 2012, Published under Cement News

Fitch Ratings has assigned Central Asia Cement (CAC) a National Long-Term Rating of 'BB-(kaz)' with a Stable Outlook. The agency has also assigned the prospective 2.5 billion tenge notes to be issued by the company and guaranteed by its parent company Steppe Cement Ltd and by the affiliated company Karcement an expected rating of 'B(kaz)(EXP)'. The final rating is contingent on the receipt of final documents conforming to information already received. "The rating reflects CAC's solid c...