Cement News tagged under: Kazakhstan
Kazakhstan: Steppe Cement 1H1626 September 2016, Published under Cement NewsSteppe 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... |
Kazakhstan: Steppe Cement 1H loss falls in dollar terms14 September 2016, Published under Cement NewsSteppe Cement has published its financial results for the first six months of 2016. Losses in dollar terms fell to US$1.5m from US$2.2m in the same period in 2015. However, due to a revaluation of the tenge, losses in the company’s operating currency rose from KZT407m (US$1.2m) in 1H2015 to KZT517.5m in 1H2016. Turnover fell by 1.1 per cent to KZT8.2bn, but sales rose 6.1 per cent in volume terms to 0.76Mt. Revenues were hit by a fall in prices, which were down 9.1 per cent to KZT8781/t, ... |
Vicat's 1H16 results in the USA continue to improve04 August 2016, Published under Cement NewsVicat's first half turnover eased by 0.4 per cent to EUR1237m, which amounts to a 4.3 per cent increase on a comparative basis. The EBITDA improved by 2.3 per cent to EUR208m and the margin improved from 16.3 per cent to 16.8 per cent. The trading profit moved ahead by 11.2 per cent to EUR103m, with the underlying margin improving by 16.5 per cent. The net attributable profit improved by 45.7 per cent to EUR49m, while net debt at the end of the period amounted to EUR1059m and the gearing le... |
Kazakhstan: Steppe Cement sees 6% rise in 1H16 sales14 July 2016, Published under Cement NewsSteppe Cement Ltd sold 761,771t of cement for KZT8190m (US$23,970.4) during the first half of the year, a rose six per cent compared with 717,654t of cement for KZT8277m a year earlier. Average price for the current period for delivered cement was KZT10,751/t (ex VAT), compared with KZT11,533/t in the corresponding period of 2015 as companies defended their market shares, the company said. Steppe Cement's local market share increased to 18 per cent in the 1H16 from 16 per cent in the same ... |
Kazakhstan: constructions begins on Kyzylorda plant20 June 2016, Published under Cement NewsConstruction on a 560,000tpa capacity cement plant has begun in the Kyzylorda region of Kazakhstan, reports the regional akimat. The investment project valued 30.2bnt (US$89.2m) is between Meliorator Ltd and Russian company Global Security. Som 250 workers are helping with construction and after the launch of the plant 320 work places will be opened. "Due to use of new technologies the plant will be environmentally friendly industry. It will be the first cement plant in the region," said K... |
Kazakhstan: devalued tenge affects Steppe Cement25 May 2016, Published under Cement NewsThe sharp devaluation of the Kazakh tenge saw the 2015 results of Steppe Cement affected as import pressures waned. Until August 2015 local producers had to lower their selling prices to fend of imports into Kazakhstan due to the relative strength of the tenge against the rouble. As a result, sales volumes in tonnes rose by only two per cent YoY to 1,643,136t in 2015 from 1,612,709 in 2014 while prices fell by eight per cent. After September imports slowed significantly, along with the econo... |
Kazakhstan: Steppe Cement sales down as demand tumbles18 April 2016, Published under Cement NewsSteppe Cement has seen sales and revenue fall in the first quarter of 2016 as the company predicts that demand in Kazakhstan will be 11 per cent lower this year than it was in 2015. According to a report from DigitalLook, Steppe Cement’s volumes were down one per cent YoY in Q1 2016, falling to 190,953 tonnes. Revenues fared worse, falling by 12 per cent to KZT2.3bn (US$6.8m) over earnings in the same period last year. Ex-factory prices have declined by 13 per cent. Despite this, Step... |
Steppe Cement Ltd preliminary update to 31 December 201514 January 2016, Published under Cement NewsSteppe Cement Ltd recorded revenue for the year ended 31 December 2015 of KZT19,537m (US$54m), which was seven per cent lower than the KZT20,925m recorded in the corresponding period of 2014. Sales volumes reached 1.6Mt, an improvement of two per cent YoY. The average price (ex-VAT) for delivered cement was KZT11,890/t in 2015, an eight per cent decrease compared with KZT12,975/t in 2014, mostly due to price pressure from Russian imports until the KZT devaluation in August 2015. For 2015,... |
LafargeHolcim05 January 2016, Published under Cement NewsHolcim Belgique is closing five ready-mixed concrete plants in Flanders, a move that will affect around 60 employees. The works being closed are at Furness, Ostend, Bruges, Izegem and Herentals. Lafarge Cement Zambia, which has a combined capacity of 1.4Mta from its two works, is to quadruple its exports to Congo and from Malawi. In additioin, the production should be increased by 0.1Mta from next month. The Chinese LafargeHolcim associate Huaxin Cement Company is to invest some US$150... |
New Kazakhstan cement plant agreement signed15 December 2015, Published under Cement NewsHuaxin Cement Co of China has signed an agreement to invest US$150m in the construction of a 1Mta cement plant in the Aktobe region of Kazakhstan. The deal was signed by Berdybek Saparbayev, governor of the Aktobe region, and Xu Yongmo, chairman of the board of Huaxin Cement. The agreement was concluded during Kazakh Prime Minister Karim Massimov's official visit to China. Construction of the facility is expected to begin in mid-2016. The new plant will produce various cement types, incl... |