Cement News tagged under: Kazakhstan

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Steppe Cement records net profit of US$9.7m in 2019

11 June 2020, Published under Cement News

Steppe Cement has released its annual results for 2019 and records a net profit of US$9.7m. EBITDA increased to US$23.9m from US$21.4m in 2018 aided by higher prices. The Kazakhstan-based producer sold 1.715Mt in 2019, compared to 1.72Mt in 2018. The company's domestic cement sales grew by four per cent, while its exports fell by 29 per cent due to increased competition from new plants in Uzbekistan and Kyrgyzstan, and the strength of the tenge against the som in the 2H19. Both kiln lines...

Kazakhstan bans cement imports

21 April 2020, Published under Cement News

Kazakhstan’s Acting Minister of Industry and Infrastructure Development has signed an order on the regulation of cement imports. The order introduces a ban on the import on certain types of cement from countries outside the Eurasian Economic Union for a period of six months with effect from 16 April, according to Kazakhstan Newsline.

Steppe Cement 1Q20 cement sales fall by 11%

16 April 2020, Published under Cement News

In the 1Q20 Steppe Cement Ltd sold 235,896t of cement for KZT4003m (US$9.4m) compared to 266,393t in the 1Q19, a decline of 11 per cent. Kazakhstan's cement market increased in 1Q20 by 15 per cent over the corresponding period of the previous year. The company maintained pricing over volumes in the 1Q20 but saw its market share decrease to 13.3 per cent from 17.4 per cent in the 1Q19. The average price for delivered cement in the 1Q20 was KZT16,970/t, compared with KZT16,723/t in the 1Q...

China: outward bound

23 March 2020, Published under Cement News

China’s Belt and Road Initiative (BRI) is now an integral part of the country’s overseas expansion policy. Since its inception in 2013, the BRI has been one of the essential vehicles driving the global spread of Chinese technology and providing a platform for corporate cement and construction giants to enter new markets. ICR takes a look at the initiative’s progress to date and the impact on China’s cement industry, as its shifts from its purely domestic production base to establishing its p...

Steppe Cement posts 8% revenue rise in 2019

13 January 2020, Published under Cement News

Kazakhstan-based Steppe Cement has posted revenues of KZT30.534bn (US$81m) for the year ended 31 December 2019. This represents a rise of eight per cent when compared with 2018. The company sold 1,715,761t of cement in 2019, marginally lower than the previous year. Steppe Cement is the country's fourth-largest cement producer with a total cement capacity of 1.9Mta. It operates two plants in Karaganda: the 1.1Mta Central Asia Cement works and the 0.8Mta Karcement unit.

Kazakhstan Portland cement output falls to 7.8Mt

06 November 2019, Published under Cement News

In the January-September 2019 period cement production in Kazakhstan has fallen by 2.5 per cent to 7.8Mt when compared with the 9M18, when output reached 8Mt, according to Kazakhstan Newsline. Cement prices increased 3.1 per cent to KZT23,300/t (US$59.96/t) in September 2019 from KZT22,600/t in September 2018. The average retail price of M400 cement rose 7.7 per cent YoY from KZT1300/50kg bag to KZT1400/bag over the same period.

China Gezhouba Group Cement's Shieli plant put into operation

21 October 2019, Published under Cement News

China Gezhouba Group Cement Co Ltd’s (CGGCC) plant in Shieli, Kazakhstan, was officially put into operation on 18 October. The 2500tpd China-Kazakh project began construction in April 2017, with a total investment of US$178m. "The Kazakh government at all levels has strongly supported the construction and operation of the plant," said Li Ming, chairman of CGGCC. The facility produces nine types of cement and is the first in Kyzylorda region. "With the alignment of the Belt and Road ...

Steppe Cement suffers weak 3Q19

08 October 2019, Published under Cement News

Steppe Cement Ltd of Kazakhstan had a weak third-quarter performance but said year-to-date revenue benefitted from rising cement prices. The construction materials producer said revenue in the three months to the end of September was 10 per cent lower compared with the prior year, at KZT10.56bn (US$27.1m). A cement sales volume of 576,692t was achieved by Steppe Cement during the 3Q19, an 11 per cent decrease from the 3Q18. However, for the first nine months of 2019 revenue rose by 10 per...

Russia's cement market cools but exports strong

19 September 2019, Published under Cement News

Cement production in Russia increased by 8.9 per cent YoY to 33Mt in the first seven months of 2019, according to Soyuzcement, the country’s cement association. The demand for cement in Russia in the January-July 2019 period was at the highest level for several years, added the association. However, since July demand has significantly fallen, despite the domestic construction sector experiencing its high season. Soyuzcement analysts anticipate consumption to continue its downward trend in ...

Steppe Cement records 6% rise in volumes for 1H19

10 July 2019, Published under Cement News

Kazakhstan’s Steppe Cement has sold 780,315t of cement in the first half of 2019, an increase of six per cent YoY from 738,228t in the year-ago period. The revenue from the sale of cement has surged 34 per cent to KZT14bn (US$36.6m) from KZT10.5bn. The average price of its cement, excluding VAT, rose to KZT18,042/t, compared with KZT14,276/t in the 1H18. The company’s local market share increased slightly to 17 per cent from 16 per cent. The overall cement market in the country contracte...