Cement News tagged under: Kazakhstan

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Steppe Cement swings to full year loss, Kazakhstan

15 May 2015, Published under Cement News

Steppe Cement has swung to a FY pretax loss of US$8.1m in 2014 from a US$13m profit in the previous year. Revenue totalled US$116.63m in 2014 versus US$127.98m in the year before. The net loss amounted to US$7.9m from a profit of US$10.5m in 2013. The 2014 results were affected by the depreciation of the Kazakshtan Tenge in February, the subsequent devaluation of the Rouble and the lower oil price. During the year the company ceased operating the clinker production in the old wet lines and...

Kazakhstan: Steppe Cement 1Q volumes down

15 April 2015, Published under Cement News

In the first quarter of 2015, Kazakhstan-based producer Steppe Cement reported a three per cent decline in sales volumes to 192,884t from 198,607t a year earlier. The company said in a statement that the Kazakhstan cement market rose by eight per cent over the corresponding quarter of last year. However, Steppe Cement’s market share fell from 17 per cent in 1Q14 to 15 per cent in 1Q15. Cement imports increased by 25,000t despite the new factory operating in west Kazakhstan while exports ...

Italcementi obtains EBRD loan for plant revamp

04 December 2014, Published under Cement News

The Italcementi Group has signed an agreement with the European Bank for Reconstruction and Development (EBRD) granting it a loan for approximately EUR20m to fund the modernisation of the Shymkent cement plant in southern Kazakhstan. In addition to the loan, the EBRD will make an investment of approximately EUR4m in Shymkentcement, for an equity stake of around 21 per cent. The project, arranged under the EBRD policy to support energy efficiency initiatives in Kazakhstan, will replace the...

Steppe Cement reports 5.7% rise in 3Q revenue

09 October 2014, Published under Cement News

Kazakhstan cement producer Steppe Cement Ltd Thursday reported third-quarter 2014 revenue of KZT7.65bn (US$42m), higher than the KZT7.24bn reported in the same period the previous year. The company achieved sales of 582,429t during the three month period, a 16 per cent increase from the third quarter of 2013, the company added.

Steppe swings to first-half loss

16 September 2014, Published under Cement News

Kazakhstan cement producer Steppe Cement Ltd posted a consolidated loss after tax of US$4.1m for the six months ended 30 June 2014 against a profit of US$2.2m in the comparative period of last year. Sales increased by 26 per cent in volume and 16 per cent in tenge (KZT) in 1H14 against 1H13. However, as a consequence of the February devaluation of the KZT against the USD, turnover in US dollars decreased by five per cent. The average ex-factory price declined from KZT12,084/t in 2013 to...


03 September 2014, Published under Cement News

Vicat's first-half turnover increased by 6.1 per cent to EUR1217.8m, which amounts to a 10.8 per cent advance on a comparative basis. EBITDA was ahead by 3.1 per cent to EUR207.7m and the margin narrowed from 17.5 per cent to 17.1 per cent. The trading profit, however, improved by 9.4 per cent to EUR115.2m, an underlying increase of 15.8 per cent. After a net financial charge 38.2 per cent higher at EUR29.7m and a 20 per cent decline in the income from associates to EUR1.7m, the pretax profi...

Kazakhstan: Steppe Cement improves 1H14 sales

11 July 2014, Published under Cement News

Kazakh cement producer Steppe Cement Ltd reported cement sales of 709,459t for KZT9125m (US$49.7m) in 1H14 which compares with 564,440t of cement for KZT8165m in the 1H13. This represents a YoY increase of 26 per cent in volume terms and 12 per cent in value terms. The rise signals a shift from the company's 2013 strategy of pursuing higher selling prices to this year's plans to strive for higher sales volumes. Average price for the current period for delivered cement was KZT12,862/t (e...

Kazakhstan: strategic partner invests in Hantau plant

09 July 2014, Published under Cement News

Kazakhstan Investment Fund JSC has attracted a strategic partner for the launch of production at the Hantau cement plant, Baiterek National Holding reported. 'Yug Cement Stroi' LLP acted as the strategic partner which attracted credit in the amount of KZT5.35bn (EUR21.4m) for seven years in the "Bank RBK" JSC and allocated to completing construction of the plant. Currently, a new dry-process clinker line is being constructed at the plant by Hengyuan International Engineering Group. The prod...

Steppe Cement profit rises as Kazakh market grows 13%

02 May 2014, Published under Cement News

Kazakhstan-based Steppe Cement Friday reported an increase in profit and revenue in the full year 2013, as domestic demand grew by double-digit figures. Steppe posted pretax profit of US$13m for 2013, up from US$12m a year earlier, as revenue rose to US$123m from US$120.2m in 2012. EBITDA for 2013 rose to US$28.7m compared with US$24.9m in 2012. Steppe said it sold 1.4Mt of cement during the period, up from 1.3Mt a year earlier, while selling prices increased five per cent in US dollar...

Kazakhstan: Standard Cement to launch second production line in 2015

21 April 2014, Published under Cement News

Standard Cement LPP plans to launch a second production line in south Kazakhstan in 2015, bringing total capacity of the facility to 2.3Mta. The line will have a design capacity of 1Mta, with equipment supplied by Tianjin Cement Industry Design & Research Institute (TCDRI), China. The company intends to expand its product range to include M500-M700 high-quality cement and oil well cement.