Cement News tagged under: Kazakhstan

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Steppe Cement records 11% revenue growth in 2022

12 January 2023, Published under Cement News

Steppe 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...

Steppe Cement reports 9% increase in revenue in 3Q22

07 October 2022, Published under Cement News

Kazakhstan's Steppe Cement Ltd has posted a nine per cent YoY increase in revenue in the 3Q22. Revenue came in at KZT13,071m (US$27.7m) compared to KZT12,045m in the same period last year. In the 9M22, revenue was KZT32,651m, up 13 per cent YoY from KZT28,812m in the 9M21.  The company sold 546,327t of cement in the 3Q22, up two per cent YoY. In the opening nine months of this year, sales reached 1,362,407t, down one per cent from the 1,375,464t reported in the 9M21.  The average pri...

Steppe Cement sees 65% surge in 1H post-tax consolidated profit

30 September 2022, Published under Cement News

Steppe Cement has announced a consolidated profit after tax of US$10.2m for the six months ended 30 June 2022, up 65 per cent YoY. The Kazakstan cement producer’s gross margin in the 1H22 edged up from 44 to 46 per cent in US$ terms on the back of cement price increases . Selling expenses per tonne (in US$ terms) were down 20 per cent YoY in the 1H22 due to increased sales to markets located closer to the company’s cement plant. However, production costs increased by 11 per cent in ...

Tajikistan leading cement importer in Uzbekistan

29 September 2022, Published under Cement News

The State Committee of Uzbekistan on Statistics said the country receives the largest part of its cement imports from Tajikistan, which exported in the 8M22 approximately 625,000t of cement into Uzbekistan. Tajikistan produced 2.9Mt of cement in the January-August 2022 period. Other key importers include Kyrgyzstan and Kazakstan, which exported 458,000t and 409,000t, respectively to Uzbekistan.

Uzbekistan reduces imports by 25% in 7M22

24 August 2022, Published under Cement News

In the January-July 2022 period Uzbekistan has imported 1.3Mt of cement, with a value of US$52.2m. In terms of volume, this represents a 24.5 per cent YoY drop from 1.721Mt in the 7M21, reports Asia-Plus. Of this total, 533,000t was exported by Tajikistan, which is the largest importer into Uzbekistan. Other sizeable volumes originated in Kyrgyzstan (385,000t) and Kazakhstan (353,000t). Turkmenistan imported 11,500t, while Iran supplied 6700t and China 1400t. Russia delivered 782t. Tajik...

Steppe Cement sees turnover improve 18% YoY in the 1H22

13 July 2022, Published under Cement News

Steppe Cement sold 837,063t of cement in the first half of 2022, compared to 840,661t in the same period a year earlier. While volumes remained stable, turnover over the same period improved by 18 per cent from KZT16,657m (US$35.1m) to KZT19,579m. The average price of delivered cement over the 1H22 was KZT23,391/t, up from KZT19,814/t in the 1H21. The average ex-factory price came in at KZT20,485/t in the opening half of 2022, versus KZT16,571/t in the first half of 2021. Steppe Cement cu...

Bekabadcement to work on International Transport Corridor

22 June 2022, Published under Cement News

Bekabadcement , part of the United Cement Group Holding , has become a partner of the key project to build the International Transport Corridor connecting Uzbekistan and Kazakhstan. Central Asia is one of the most booming markets and an area for the implementation of large international projects. United Cement Group (UCG) contributes significantly to the economic development of Central Asia countries and takes an active part in projects of regional development. The UCG plant products ar...

Steppe Cement increases capex for 2022-23

13 June 2022, Published under Cement News

Kazahstan’s Steppe Cement plans to invest US$7m in capex in 2022 and the first half of 2023. Among the projects outlined is the completion of the new separator for cement mill 1 to increase slag content and cement production, and reduce electricity consumption, as well as starting the new separator for cement mill 2. The raw mill 3 separator will be revamped to increase production on Line 6, along with modifications to the Line 6 preheater. Bag filters are to be updated, software for the con...

Developing central Asia

16 May 2022, Published under Cement News

The central Asian cement markets of Kazakhstan and Uzbekistan are among the most active accumulators of greenfield plants and expansion projects. Construction and infrastructure projects are on a huge scale and opportunities are emerging for the cement sector to play its part in the development of these countries. By ICR Research, UK. Bordering China, Kazakhstan is seeing large infrastructure projects under impetus of the Belt and Road scheme, while in Uzbekistan infrastructure pro...

Steppe Cement's market share edges up

14 April 2022, Published under Cement News

Kazakhstan-based Steppe Cement sold 281,968t of cement for KZT6.299m in the first quarter of 2022. This brings the company’s market share to 13.7 per cent in the 1Q22 from 13.2 per cent in the 1Q21. The Kazakh cement market expanded by 12 per cent in the 1Q22 when compared with the equivalent period in 2021. Average prices for delivered cement climbed to KZT22,341/t from KZT21,332/t. The Kazakhstan posted revenue of KZT6.3bn (US$14m) in the three months ended 31 March 2022 up from KZT...