Cement News tagged under: Kazakhstan

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Steppe Cement's market share edges up

14 April 2022, Published under Cement News

Kazakhstan-based Steppe Cement sold 281,968t of cement for KZT6.299m in the first quarter of 2022. This brings the company’s market share to 13.7 per cent in the 1Q22 from 13.2 per cent in the 1Q21. The Kazakh cement market expanded by 12 per cent in the 1Q22 when compared with the equivalent period in 2021. Average prices for delivered cement climbed to KZT22,341/t from KZT21,332/t. The Kazakhstan posted revenue of KZT6.3bn (US$14m) in the three months ended 31 March 2022 up from KZT...

Steppe Cement sees 16% hike in revenue in 2021

17 January 2022, Published under Cement News

Kazakh cement producer Steppe Cement saw its revenue increase 16 per cent to KZT36.02bn (US$82.7m) in 2021 as it sold 1,688,544t of cement, up from the 1,645,744t reported in 2020. The company’s domestic market share was 13.9 per cent. Exports fell by 57.2 per cent to 86,500t from 202,000t in 2020. In addition to increased sales volumes, the company was also able to benefit from a 13 per cent increase in average prices (ex-VAT) for delivered cement. In 2021 the average price was KZT21,332/...

Steppe Cement reports 16% revenue increase

08 October 2021, Published under Cement News

Kazakhstan’s Steppe Cement has recorded an 8.5 per cent YoY rise in revenue to KZT12.05bn (US$28.33m) in the third quarter of 2021, compared to KZT11.11bn in the year-ago period. The company also saw sales volume for the period fall four per cent YoY to 535,200t. In the first nine months of 2021, revenue advanced 16 per cent to KZT28.81bn while sales volumes climbed four per cent to 1,375,464t.

International Cement Korday plans new 1.5Mta project

27 September 2021, Published under Cement News

Kazakhstan’s International Cement Korday (International Cement Group Ltd) has entered into a joint venture agreement with Nurzhan Shakirov for the construction of a cement plant in Jambyl, Kazakhstan. The new project, Korcem LLP, is expected to have a new 3500tpd dry process cement clinker production line and represents an investment of approximately US$150m from internal sources and third-party financing. The new plant will increase the group's current annual cement production capacity b...

Steppe Cement sees sales volume rise 10%

07 July 2021, Published under Cement News

Kazakhstan’s Steppe Cement has seen its cement sales volumes rise 10 per cent YoY to 840,661t in the first half of 2021, compared to 764,752t in the first six months of last year. Turnover also advanced 22 per cent YoY to KZT16,657m (US$38.87m) from KZT13,677m. The average ex-factory cement price in the 1H21 was KZT16,571/t against KZT14,727/t. The cement market in the country showed 25 per cent growth during the period. Imports represented 5.2 per cent of the local market and exports inc...

Steppe Cement records 14% rise in profit

07 June 2021, Published under Cement News

Kazakhstan’s Steppe Cement has posted a net profit of US$11.1m for 2020, up 14.4 per cent YoY from US$9.7m in the previous year. EBITDA also saw a modest increase to US$24.2m from US$23.9m in 2019. However, the company’s cement sales volume decreased 4.1 per cent YoY to 1.65Mt from 1.72Mt. Local sales declined by six per cent, due to milling limitations during two months of the high season, while exports advanced 20 per cent. According to a statement, Steppe Cement operated both lines ...

Uzbekistan cement imports surge in 4M21

07 June 2021, Published under Cement News

Uzbekistan imported 1Mt of cement worth US$50.5m in the January-April 2021 period, more than doubling the year-ago volume of 515,100t, according to Trend reporting the latest data from the State Statistics Committee of Uzbekistan. Kazakstan was the largest importer with 498,900t of cement, followed by Kyrgyzstan (278,500t) and Tajikistan (234,700t). In March, the Uzbekistan government suspended the 30 per cent customs duty on cement imports until 1 October 2021. The suspension is expecte...

Kazakhstan sees cement price hike

04 June 2021, Published under Cement News

Kazakhstan has seen a rise in cement prices on the back of an improvement in the country’s housing construction market. "In general, manufacturers' prices are kept at KZT20-22,000 (US$46.69), the growth is about five per cent. On the market this figure has grown by 30-40 per cent, in some places by 50 per cent," said Minister of Industry and Infrastructure Development, Beibut Atamkulov. The country’s Antimonopoly Committee has already a verification procedure, according to the Kazakhsta...

Kazakhstan develops new cement regulations

30 April 2021, Published under Cement News

Kazakhstan’s Ministry of Trade and Integration has met with the country’s cement and concrete association, QazCem, to discuss the illegal circulation of counterfeit cement. "Today, Kazakh cement is of high quality and is competitive both in the domestic and foreign markets," said the Minister of Trade and Integration, Bakhyt Sultanov. "We have the second-generation plants. But, unfortunately, there is counterfeit, cheap cement on the market." The meetings were held to develop adjustments ...

Sharcem set to acquire plant from Kazakhcement

14 April 2021, Published under Cement News

Singapore-based International Cement Group (ICG) has incorporated a new subsidiary in Kazakhstan. Sharcem will be 60 per cent owned by the group’s direct subsidiary, International Cement Shar Pte, and 40 per cent owned by Nurzhan Shakirov. Sharcem has subsequently entered into a sale and purchase agreement (SPA) with Kazakhcement and the Development Bank of Kazakhstan for the sale of a cement plant and related assets in the country. The total consideration of the agreement is KZT7.07bn (US$...