Cement News tagged under: Kazakhstan
Steppe Cement CEO raises stake in the company, Kazakhstan17 October 2012, Published under Cement NewsJavier Del Ser, the CEO of Steppe Cement, increased his stake in the firm on Tuesday with the purchase of 650,000 ordinary shares at a price of 25p per share, according to reports by ShareCast. Following the GBP162,500 transaction, Del Ser holds 12,867,660 ordinary shares in the company, equal to 7.19 per cent of the total issued share capital, Steppe is a leading cement producer in Kazakhstan. Its cement production facilities consist of four wet kilns and one dry process kiln. Del Ser... |
Steppe 3Q12 revenue increases, revises Kazakhstan demand outlook upwards16 October 2012, Published under Cement NewsKazakhstan-based producer Steppe Cement Ltd said 3Q12 revenue of KZT7.23bn (US$48m) was 28 per cent higher than the corresponding quarter in 2011 and has revised the demand outlook for the Kazakhstan market upwards for full year 2012. For the nine months ended 30 Setptember, Steppe Cement recorded revenue of KZT14.96bn compared with KZT11.93bn in the corresponding nine month period in 2011, representing a 25 per cent improvement. Sales of 518,433t were achieved during the third quarter... |
Steppe Cement posts first half loss, Kazakhstan11 September 2012, Published under Cement NewsKazakhstan-based cement producer Steppe Cement Ltd posted a consolidated loss after tax of US$0.1m for the six months ended 30 June 2012. Revenue six months ended June 30 were US$52.16m (2011: $43.06m) while pretax profit was US$391,000 (2011 loss: US$2.84m). The company’s sales volumes increased by two per cent to 615,838t and the average sales price increased from USD72/t to USD86/t during the period. Production costs per tonne increased by 11 per cent in US dollar terms. The hike was... |
Steppe Cement first-half sales edge ahead, Kazakhstan16 July 2012, Published under Cement NewsKazakhstan-based cement producer Steppe Cement has reported a rise in cement sales for the first half of 2012 and sees domestic demand increasing by low double-digits for the full year. For the six months to June 2012, Steppe Cement sold 615,838t, a rise of two per cent compared to the same period of last year. Sales revenue during the period rose 23 per cent to KZT7728m (US51m). The average price for the current period for delivered cement, exculding VAT, was KZT12,549/t (US$84) compa... |
Steppe Cement sees continued improvement in Kazakhstan market09 May 2012, Published under Cement NewsKazakhstan-based cement producer Steppe Cement said that in 2011, sales continued to improve on the back of the cement market recovery which commenced in the second half of 2009. I n line with both price and volume increases of 24% and 7% respectively, the company posted net profit of US$3.3m with a higher capacity utilisation rate of 80%. During the year, cement price increases coupled with operational efficiencies more than offset the rising cost of fuel, transportation and especially... |
Steppe Cement sales fall, Kazakhstan17 April 2012, Published under Cement NewsKazakhstan-based Steppe Cement said Tuesday that in the first quarter ended March 31 it sold 170,080t of cement for KZT1,953m, compared with 187,404t for KZT1722m in the first quarter of 2011, a fall of nine per cent and an increase of 13 per cent, respectively. The company noted that total first-quarter 2012 domestic consumption in Kazakhstan increased nine per cent YoY. The average cement price in the current quarter for delivered cement was KZT11,483/t (ex VAT) compared with KZT918... |
Gebr Pfeiffer awarded new contract in Azerbaijan27 March 2012, Published under Cement NewsBeijing Triumph Building Materials Engineering, part of the CNBM Group of China and acting as General Contractor for Norm LLC’s new cement line in Azerbaijan, has awarded Gebr Pfeiffer a contract to supply an MPS 5300 B vertical roller mill for raw material grinding. The grinding plant will be installed in a new 5000tpd at Qizildas cement works owned by the Azerbaijani company Norm LLC. Apart from the supply of the core components for the grinding plant, Gebr Pfeiffer will supply works... |
Steppe Cement sees 31% rise in revenue, Kazakhstan31 January 2012, Published under Cement NewsKazakhstan-based cement producer, Steppe Cement, reported a 31 per cent rise in revenue in 2011 to KZT14.07bn (EUR71.77m) compared to KZT10.74bn in 2010. Cement sales rose to 1.23Mt, up 6.5 per cent compared to the 1.15Mt recorded in 2010. The company said it maintained its market share in 2011 despite increased competition after two new factories commenced production during the year. Overall domestic sales in Kazakhstan increased to 6.2Mt, up nine per cent YoY. Imports were down 14 per ce... |