Cement News tagged under: Steppe Cement
Steppe Cement reports lower volumes in 1H2313 July 2023, Published under Cement NewsKazakhstan-based Steppe Cement Ltd has reported sales volumes of 749,034t of cement in the first half of 2023, down from 837,063t in the same period a year earlier. Revenue over the same period fell from KZT19,579m (US$44.09m) to KZT16,977m. The average price for delivered cement over the 1H23 stood at KZT22,665/t (ex-VAT), compared to KZT23,391/t in the first half of 2022. The ex-factory price over the same period declined from KZT20,485/t to KZT19,205/t. The cement market in Kazakhst... |
Steppe Cement sees volumes fall 24% in 1Q2314 April 2023, Published under Cement NewsKazakhstan-based Steppe Cement has reported sales of KZT4.94bn (US$10.96m) in the opening quarter of 2023, compared to KZT6.3bn in the same period a year earlier, representing a 21 per cent YoY decline. According to the Morning Star, in terms of cement volumes, over the same period sales fell from 281,968t to 214,832t, down 24 per cent YoY. The company’s market share has also slipped from 14 to 13 per cent. Cement demand in Kazakhstan is expected to come in at around 10-10.5Mt in 2023, ... |
Steppe Cement records 11% revenue growth in 202212 January 2023, Published under Cement NewsSteppe Cement Ltd recorded 11 per cent revenue growth in 2022 to KZT40m (US$86,560) from KZT36m a year earlier, citing positive market conditions as it focussed on the Kazakh domestic market. The average price for delivered cement in 2022, excluding value added tax, was KZT23,963/t, up 12 per cent from KZT21,332 a year earlier. Steppe Cement reported positive market conditions in the Kazakh domestic market where cement market consumption remained at around 11.6Mt last year. Steppe Ce... |
Steppe Cement CEO increases share14 October 2022, Published under Cement NewsThe family of Javier del Ser Perez, chief executive officer at Kazakhstan’s Steppe Cement , has increased its share in the company. Following the purchase of 300,000 ordinary shares, the family now holds 18,543,115 ordinary shares, equivalent to an 8.47 per cent share in the cement producer. Steppe Cement currently runs two integrated cement plants in Kazakhstan under its subsidiaries – Central Asia Cement JSC (1.1Mta) and Karcement JSC (0.8Mta) – giving a total cement production ca... |
Steppe Cement reports 9% increase in revenue in 3Q2207 October 2022, Published under Cement NewsKazakhstan's Steppe Cement Ltd has posted a nine per cent YoY increase in revenue in the 3Q22. Revenue came in at KZT13,071m (US$27.7m) compared to KZT12,045m in the same period last year. In the 9M22, revenue was KZT32,651m, up 13 per cent YoY from KZT28,812m in the 9M21. The company sold 546,327t of cement in the 3Q22, up two per cent YoY. In the opening nine months of this year, sales reached 1,362,407t, down one per cent from the 1,375,464t reported in the 9M21. The average pri... |
Steppe Cement sees 65% surge in 1H post-tax consolidated profit30 September 2022, Published under Cement NewsSteppe Cement has announced a consolidated profit after tax of US$10.2m for the six months ended 30 June 2022, up 65 per cent YoY. The Kazakstan cement producer’s gross margin in the 1H22 edged up from 44 to 46 per cent in US$ terms on the back of cement price increases . Selling expenses per tonne (in US$ terms) were down 20 per cent YoY in the 1H22 due to increased sales to markets located closer to the company’s cement plant. However, production costs increased by 11 per cent in ... |
Steppe Cement sees turnover improve 18% YoY in the 1H2213 July 2022, Published under Cement NewsSteppe Cement sold 837,063t of cement in the first half of 2022, compared to 840,661t in the same period a year earlier. While volumes remained stable, turnover over the same period improved by 18 per cent from KZT16,657m (US$35.1m) to KZT19,579m. The average price of delivered cement over the 1H22 was KZT23,391/t, up from KZT19,814/t in the 1H21. The average ex-factory price came in at KZT20,485/t in the opening half of 2022, versus KZT16,571/t in the first half of 2021. Steppe Cement cu... |
Steppe Cement increases capex for 2022-2313 June 2022, Published under Cement NewsKazahstan’s Steppe Cement plans to invest US$7m in capex in 2022 and the first half of 2023. Among the projects outlined is the completion of the new separator for cement mill 1 to increase slag content and cement production, and reduce electricity consumption, as well as starting the new separator for cement mill 2. The raw mill 3 separator will be revamped to increase production on Line 6, along with modifications to the Line 6 preheater. Bag filters are to be updated, software for the con... |
Steppe Cement's market share edges up14 April 2022, Published under Cement NewsKazakhstan-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 202117 January 2022, Published under Cement NewsKazakh 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/... |