Cement News tagged under: Kazakhstan

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Steppe Cement revenue falls on lower pricing

14 October 2015, Published under Cement News

Steppe Cement Ltd Tuesday said revenue in the first nine months of 2015 fell four per cent YoY as increased sales were offset by lower cement prices. Kazakhstan producer said revenue in the third quarter of 2015 experienced a small rise to KZT7.77bn from KZT7.65bn a year previously. That brought revenue for the first nine months of 2015 to KZT16.04bn, down four per cent YoY from KZT16.77bn. Revenue fell in the first nine months as the four per cent YoY rise in sales volumes to 1.34Mt from ...

Huaxin Cement to launch 5Mta project in Kazakhstan

12 October 2015, Published under Cement News

Shanghai-listed Huaxin Cement Co, Ltd will erect a cement project with a capacity of 5Mta in Kazakhstan. The new dry-process cement production line will start construction by the end of the year. (Source: Xinhua's China Economic Information Service)

Vicat considers extension of Kazakh plant and construction of new terminal

29 September 2015, Published under Cement News

The Kazakh Vice Minister of Investment and Development of Kazakhstan, Albert Rau, has met with President of Vicat Group, Guy Sidos, and Honorary President of the group, Jacques Merceron-Vicat, to discuss the operation and possible extension of Vicat's existing production plant at Zhambyl. The meeting also announced the construction of a US$10m terminal in Astana in 2016, according to reports by AKI Press. The terminal will also act as a packing plant, research and testing centre. Vi...

Steppe Cement first-half loss narrows, Kazakhstan

11 September 2015, Published under Cement News

Steppe Cement Ltd Friday said its first-half loss before tax narrowed to US$2.29m from US$6.40m in the previous year. Loss after tax totaled US$2.2m, narrower than the US$4.1m loss in the prior year.  Consolidated turnover fell to US$44.7m from US$51.8m. Sales increased to 717,654t from 709,459t. The average ex-factory price decreased from 10 per cent to KZT10,797/t, due to competition from Russian companies helped by the Rouble exchange rate and the reaction of the main local factories...

HeidelbergCement 'most exposed' as Kazakh tenge falls

20 August 2015, Published under Cement News

After Kazakhstan scrapped the trading band for its currency and moved to a free-floating exchange rate, the Kazakh Tenge dropped 23 per cent today.  Among the European Building Materials companies JP Morgan notes that HeidelbergCement is the most exposed. The German-based cement major generated around approximately one per cent of its EBITDA in Kazakhstan and JP Morgan expect the translational FX impact is likely to be c.37bps hit on EBITDA and around a one per cent hit on earnings per sh...

Steppe Cement names new chairman

06 August 2015, Published under Cement News

Steppe Cement Ltd on Monday said it has appointed Paul Rodzianko, independent non-executive director, as its independent non-executive chairman. Rodzianko is currently the chairman of Steppe Cement's audit committee and a member of its nomination and remuneration committees. The new chairman is taking over from Malcolm Brown, who retired on 28 May due to health reasons.

Kazakhstan: Steppe's 1H volumes edge ahead, revenue falls

14 July 2015, Published under Cement News

In the first half of 2015, Steppe Cement Ltd sold 717,654t of cement for KZT8277m (US$44.3m), which compares with 709,459t of cement for KZT9125m in the first half of 2014. This represents an increase of one per cent and a decrease of nine per cent, respectively over the same period in 2014. The company said in a statement that the average price for the current period for delivered cement was KZT11,533/t excluding VAT (EUR56), compared with KZT12,862/t (EUR62) in the corresponding period o...

Steppe Cement announces appointment of non-executive director

29 June 2015, Published under Cement News

Steppe Cement Ltd announced the appointment of Xavier Marcel Hervé Blutel - Guilloud de Courbeville to its Board of Directors, with immediate effect, as a non-executive director. Xavier Blutel (60) is currently the senior adviser, Wagram Corporate Finance, president and founding partner of SAS Baudrimont and a Conseiller du Commerce Extérieur de la France. Mr Blutel brings significant experience to Steppe Cement having spent 33 years as an international executive in capital intensive indus...

Steppe Cement announces retirement of non-executive chairman

26 May 2015, Published under Cement News

Steppe Cement Ltd announced that Malcolm Brown will retire on 28 May 2015 as the non-executive chairman “due to health reasons” and he does not intend to stand for re-election in the forthcoming AGM. Mr Brown has served on the Board for more than six years since December 2008 and as a member of the Audit and Remuneration Committees. He will remain as a shareholder of Steppe Cement. Kazahstan-based Steppe said it is presently searching for an appropriate candidate to replace Malcolm Brown a...

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...