Cement News tagged under: Kazakhstan

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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 ...

Kazakhstan: a nation’s vision

17 October 2016, Published under Cement News

While the need for infrastructure and housing is considerable in Kazakhstan, lower oil receipts, a depreciating tenge and sluggish global growth conspire against elevated levels of public spending. However, the government has pinned its hopes on foreign investment to meet construction demand as well as expand the cement production base, which in turn will reduce expensive imports. While cement demand growth rates of the past are not expected going forward, Kazakhstan still has a co...

Kazakh cement consumption shows signs of slowing

11 October 2016, Published under Cement News

Cement consumption growth in Kazakhstan is expected to decelerate in 2016, breaking with the decade-long trend of demand expansion of 15-30 per cent annually. Only in 2009, consumption dropped. "We anticipate cement demand nationwide to decline by up to five YoY this year, from two per cent growth last year," Javier del Ser, CEO of London-listed Steppe Cement, told the Nikkei Asian Review. Other economic indicators are also sparking fears of a prolonged downturn. Industrial production ...

Kazakhstan: struggling economy hits cement industry

07 October 2016, Published under Cement News

With a slump in oil prices, geopolitical tension between Russia and the West, and a slowdown in the Chinese economy, Kazakhstan’s GDP grew just 0.1 per cent YoY in 1H16. Following the decision of the central bank to partly float the currency, the tenge has fallen from KZT140 to the US$ to KZT340 over the past 30 months. Despite these struggles, construction activity is frenetic in Astana, the country’s capital. US$2bn of government infrastructure projects are underway for Astana Expo 2017...

Kazakhstan: Steppe Cement 1H16

26 September 2016, Published under Cement News

Steppe Cement's 1H16 revenues fell 47 per cent YoY to US$24m, despite the company seeing a  six per cent YoY increase in cement sales volumes. The decline in revenue was driven by the sharp depreciation in the tenge, while strong competition in the market resulted in further price falls. Steppe Cement's average ex-works price decreased nine per cent YoY to KZT8781/t in 1H16, while in US dollars terms the ex-works prices declined 51 per cent YoY to US$26/t. As a result, despite the s...