Cement News tagged under: Kazakhstan

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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.

Kazakhstan’s Rudny Cement Factory opening delayed until 2018

10 November 2017, Published under Cement News

The opening of the 0.5Mta Rudny Cement Factory in Kazakhstan has been rescheduled for 2018, according to the regional governor’s office. The works was initially scheduled to start operation by the end of this year. The KZT14.8bn (US$44.4m) project is in the final stage of completion but the refusal by the Sberbank Kazakhstan to provide additional financing is leading to the delay. Shareholders invested an additional KZT1.1bn out of the required KZT2.8bn in the project, but after the bank'...

Steppe Cement 2Q17 revenues rise 27%

11 October 2017, Published under Cement News

Steppe Cement announced that its 2Q17 revenue of KZT9312m (US$27.7m) was 27 per cent higher than the KZT7316m achieved in the corresponding quarter in 2016. Sales volumes reached 685,745t during the third quarter, a 12 per cent increase from the 3Q16 due to good clinker output and stock availability. For the nine months ended 30 September 2017, Steppe Cement Ltd recorded a revenue of KZT17,865m compared with KZT15,506m in the corresponding nine-month period in 2016, representing a ...

Steppe Cement price focus helps lift 1H turnover

19 July 2017, Published under Cement News

Steppe Cement reported a 15 per cent decline in volumes for the first half of 2017 while turnover was up by four per cent over the same period as the Kazakhstan-based producer focussed on pricing. In a market update for the first half of the year published on Monday, the company said sales volumes fell to 650,333t from 761,777t a year earlier. Meanwhile, turnover reached KZT8553m (US$26.2m) versus KZT8190m in 1H16. The average price for delivered cement in the 1H17 increased to KZT13,15...

Sika relocates Kazakh production unit to larger site

15 May 2017, Published under Cement News

Sika has relocated its concrete admixture and mortar production in Almaty, in the south of Kazakhstan, to a larger site in the 1.7m-population city. Aside from the Kazakh market, the new plant will also serve the construction sector in neighbouring Kyrgyzstan to the south. The country benefits from its strategic location on a key transportation route between Europe and China.   "The expanded production capacity will put us in a good position to capitalize on Kazakhstan's strongly growing co...

Steppe Cement 1Q17 volumes down as Kazakh market contracts

19 April 2017, Published under Cement News

Steppe Cement reported a 35 per cent YoY decline in cement sales volumes to 124,669t in the first quarter of 2017 as cement consumption in Kazakhstan fell five per cent YoY. In March 2017 alone, domestic consumption was down by 12 per cent, partly due to extended holidays, Steppe Cement said in a trading update released last week. The company added that it continued its strategy of increasing prices at the expense of market share. As a result, its market share fell from 16 per cent in...

China National Building Materials (CNBM)

27 February 2017, Published under Cement News

China Triumph International Engineering Co (CTIEC), a subsidiary of CNBM, has been contracted to supply turnkey services to the Phase IV coal transportation project at HeidelbergCement’s Shymkent cement plant in Kazakhstan. With a production capacity of 1.3Mta it is the largest plant in the country.  The contract marks the first project won by CTIEC since HeidelbergCement bought a 45 per cent stake in Italcementi, including the Shymkent plant, in 2016. In 2014 the plant was upgraded with ...

Kazakhstan: Rudny cement plant online in 2017

17 February 2017, Published under Cement News

Rudny Cement Factory LLP is scheduled for commissioning in Rudny, Kostanai region, later this year, according to the town’s mayor, Bakytzhan Gayazov. The 0.5Mta plant represents an investment of KZT14.8bn (US$46.4m). The construction of the plant had been put on hold and resumed multiple times since 2010 due to lack of financing.

Kazakhstan: Steppe Cement FY16 results

13 January 2017, Published under Cement News

Steppe Cement Ltd recorded revenue for the year ended 31 December 2016 of KZT17.94bn (US$54.01m), representing an eight per cent drop YoY from KZT19.53bn recorded last year. A sales volume of 1,570,140t of cement was achieved in 2016, a four per cent decline from 1,643,136t reported in the previous year. Average price (ex-VAT) for delivered cement was KZT11,426/t (US$34.4/t) in 2016, a four per cent decrease on 2015. This drop in price was mostly due to competition among local companie...

Kazakhstan: Steppe Cement refinances US$15m loans

01 December 2016, Published under Cement News

Steppe Cement has announced that it has refinanced two loans worth a combined US$15.3m, StockMarketWire reports. A loan of US$5.5m due this month has split into three tranches, the last of which now falls due in November 2018. A US$9.8m loan contracted in 2014 will now be repaid in equal monthly instalments until November 2021. "The refinancing exercise allows Steppe Cement to spread the repayment of principals over the coming years and paves the way to pay dividends consistently once ...