Cement News tagged under: Kazakhstan

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Steppe Cement posts 22% turnover increase in 1H18

18 September 2018, Published under Cement News

Kazakhstan’s Steppe Cement recorded a 22 per cent increase in consolidated turnover to US$32.8m for the 1H18 period. Profit after tax rose to US$200,000 in the period, up from a US$300,000 loss in the 1H17. The company also noted that production across all facilities in Kazakhstan advanced by 14 per cent to 4.8Mt in the first half of the year. While the construction industry remains strong in the western and southern regions of the country, the momentum of production is not expected to be ...

Kazakhstan cement output increases to 4.6Mt in 1H18

08 August 2018, Published under Cement News

Production at Kazakh cement plants rose 11.5 per cent YoY to 4.634Mt of cement in the first half of 2018.  In 2017 domestic output reached 4.156Mt, up 1.5 per cent  from 4.094Mt in 2016. Earlier this week, Vicat reported positive results for its Jambyl Cement subsidiary, where turnover rose by 21.4 per cent and EBITDA by 45.4 per cent on the back of a 28 per cent rise in cement volumes. The company reported good domestic volumes as well as strong export sales.

Work to start on new Almaty cement plant

13 July 2018, Published under Cement News

Construction of a large cement plant has begun in Almaty region, Kazakhstan. According to investors, the enterprise has a favourable location. Kerbulak district is located in the centre of the region. The main highway and the major railway line passes through the district. Some 40ha of land will be allocated for the construction of the plant. Investment worth KZT50bn (US$145.2m) were allocated for the implementation of the Kazakh-Singapore project. The share of the foreign capital in the p...

Steppe Cement 1H18 volumes rise by 14%

11 July 2018, Published under Cement News

In the 1H18 Steppe Cement Ltd sold 738,228t of cement for KZT10,539m (US$30.7m), compared with 650,333t of cement for KZT8553m in 1H17. This represents an increase of 14 per cent in volume and an increase of 23 per cent in turnover over the same period in 2017. The average price for the current period for delivered cement was KZT14,276/t (ex VAT), compared with KZT13,151/t in the corresponding period of 2017. The ex-factory price for the current period was KZT11,560/t, compared with KZT11,...

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.