Cement News tagged under: Kazakhstan

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Gezhouba Group's Shieli plant scheduled for December start-up

30 January 2018, Published under Cement News

China's Gezhouba Group Cement Co Ltd (GGCC) plans to commission its first 1Mta cement plant in Kyzylorda, Kazakhstan, in December. Lee Min, the CEO of GGCC, discussed the construction of the cement plant in Shieli, Kyzylorda, with regional head, Krymbek Kusherbaev, reports Kazinform. Mr Kusherbaev also suggested GGCC to explore the prospects for construction of a second cement plant with a capacity of 0.75Mta in the Zhanakorgan district of the Kyzylorda region. The plant's products ...

Steppe Cement sees 20% revenue rise in 2017

16 January 2018, Published under Cement News

Steppe Cement has announced that its full-year revenue for 2017 was 20 per cent higher than the previous year, reports Alliance News. The revenue for the period increased to KZT21.4bn (US$65m) from KZT17.9bn seen in 2016. The rise in revenue has been attributed to both an increase in cement prices and the volume of cement sold. The Kazakhstan-based manufacturer saw a 3.8 per cent YoY increase in the sales volume of cement, to 1.63Mt from 1.57Mt. Prices were up 15 per cent for 2017, with a...

Apollo Asia invests in Steppe Cement

08 December 2017, Published under Cement News

Apollo Asia Fund Ltd has acquired 11.2m shares, representing 5.13 per cent of the issued share capital of Steppe Cement Ltd, which produces construction materials in Kazakhstan. Steppe said it was "pleased" to have the new significant shareholder, which is managed by Apollo Investment Management. Shares in Steppe Cement were down 0.3 per cent at GBP0.2094 on Friday.

New 2500tpd plant to be built in Kazakhstan

06 December 2017, Published under Cement News

Kazakhstan has formerly agreed that the construction of a cement plant with a capacity of 2500tpd to be built by Hong Kong company Sino-Harbor Construction Group in the Aktyubinsk region of the country. The announcement was made by the Azernews website.

Kazakhstan cement price rises 6%

24 November 2017, Published under Cement News

In October Kazakhstan the average price of a 50kg bag of M400 cement reached KZT1252 (US$3.79), a 0.3 per cent MoM rise and an increase of 5.7 per cent when compared with the year-ago period. By comparison, the annual inflation rate in the country was 7.7 per cent. The highest prices for cement in Kazakh key cities were reported in Uralsk (KZT1609/bag, +12.5 per cent YoY) and Atyrau (KZT1525/bag, +14.2 per cent YoY), while the lowest cement prices were paid in Almaty (KZT1020/bag, -13% per...

Steppe Cement repays bonds

17 November 2017, Published under Cement News

Kazakh cement producer Steppe Cement has repaid bonds issued in November 2012, according to StockMarketWire. The bonds totalled KZT1.49bn (US$4.48m) and were paid out of the cash flow of the company. The repayment of the bonds reduced the net debt of Steppe Cement to US$16m.

Kazakhstan’s Rudny Cement Factory opening delayed until 2018

10 November 2017, Published under Cement News

The opening of the 0.5Mta Rudny Cement Factory in Kazakhstan has been rescheduled for 2018, according to the regional governor’s office. The works was initially scheduled to start operation by the end of this year. The KZT14.8bn (US$44.4m) project is in the final stage of completion but the refusal by the Sberbank Kazakhstan to provide additional financing is leading to the delay. Shareholders invested an additional KZT1.1bn out of the required KZT2.8bn in the project, but after the bank'...

Steppe Cement 2Q17 revenues rise 27%

11 October 2017, Published under Cement News

Steppe Cement announced that its 2Q17 revenue of KZT9312m (US$27.7m) was 27 per cent higher than the KZT7316m achieved in the corresponding quarter in 2016. Sales volumes reached 685,745t during the third quarter, a 12 per cent increase from the 3Q16 due to good clinker output and stock availability. For the nine months ended 30 September 2017, Steppe Cement Ltd recorded a revenue of KZT17,865m compared with KZT15,506m in the corresponding nine-month period in 2016, representing a ...

Steppe Cement price focus helps lift 1H turnover

19 July 2017, Published under Cement News

Steppe 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...

Sika relocates Kazakh production unit to larger site

15 May 2017, Published under Cement News

Sika has relocated its concrete admixture and mortar production in Almaty, in the south of Kazakhstan, to a larger site in the 1.7m-population city. Aside from the Kazakh market, the new plant will also serve the construction sector in neighbouring Kyrgyzstan to the south. The country benefits from its strategic location on a key transportation route between Europe and China.   "The expanded production capacity will put us in a good position to capitalize on Kazakhstan's strongly growing co...