Cement News tagged under: Steppe Cement

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Steppe Cement increases capex for 2022-23

13 June 2022, Published under Cement News

Kazahstan’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 up

14 April 2022, Published under Cement News

Kazakhstan-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 2021

17 January 2022, Published under Cement News

Kazakh 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/...

Steppe Cement reports 16% revenue increase

08 October 2021, Published under Cement News

Kazakhstan’s Steppe Cement has recorded an 8.5 per cent YoY rise in revenue to KZT12.05bn (US$28.33m) in the third quarter of 2021, compared to KZT11.11bn in the year-ago period. The company also saw sales volume for the period fall four per cent YoY to 535,200t. In the first nine months of 2021, revenue advanced 16 per cent to KZT28.81bn while sales volumes climbed four per cent to 1,375,464t.

Steppe Cement sees sales volume rise 10%

07 July 2021, Published under Cement News

Kazakhstan’s Steppe Cement has seen its cement sales volumes rise 10 per cent YoY to 840,661t in the first half of 2021, compared to 764,752t in the first six months of last year. Turnover also advanced 22 per cent YoY to KZT16,657m (US$38.87m) from KZT13,677m. The average ex-factory cement price in the 1H21 was KZT16,571/t against KZT14,727/t. The cement market in the country showed 25 per cent growth during the period. Imports represented 5.2 per cent of the local market and exports inc...

Steppe Cement records 14% rise in profit

07 June 2021, Published under Cement News

Kazakhstan’s Steppe Cement has posted a net profit of US$11.1m for 2020, up 14.4 per cent YoY from US$9.7m in the previous year. EBITDA also saw a modest increase to US$24.2m from US$23.9m in 2019. However, the company’s cement sales volume decreased 4.1 per cent YoY to 1.65Mt from 1.72Mt. Local sales declined by six per cent, due to milling limitations during two months of the high season, while exports advanced 20 per cent. According to a statement, Steppe Cement operated both lines ...

Steppe Cement sees revenue up 1% in 2020

12 January 2021, Published under Cement News

Kazakhstan’s Steppe Cement has reported a one per cent increase in revenue to KZT30.96bn (US$73.59m) in its preliminary update for 2020. However, cement sales volumes declined 4.1 per cent YoY to 1.645Mt from 1.715Mt in 2019. The average ex-factory price in 2020 reached KZT15,760/t, compared with KZT14,885/t in the previous year. "In 2020, cement market consumption in Kazakhstan increased by six per cent to 9.4Mt from 8.9Mt in 2019," said the board. Steppe Cement's local market share wa...

Steppe Cement sees 5% revenue increase for the 3Q20

09 October 2020, Published under Cement News

Kazakhstan’s Steppe Cement saw a 5.2 per cent YoY increase in revenue to KZT11.11bn (US$26m) for the 3Q20, up from KZT10.56bn a year earlier. However, its sales volume declined four per cent to 556,162t. Average prices for delivered cement advanced to KZT18,841/t from KZT18,157/t. Kazakhstan’s cement market is expected to expand two per cent YoY in 2020.

Steppe Cement sells 0.76Mt of cement in 1H2020

09 July 2020, Published under Cement News

Steppe Cement of Kazakhstan reports that it sold 764,752t of cement in the 1H20 for KZT13,677m (US$33.24m), down from 780,315t for KZT10,079m in 1H19. This represents a decline of two per cent in volume and three per cent in turnover. The average price of cement in the 1H20 was KZT17,884/t, excluding VAT, compared to KZT18,042/t in the 1H19. The ex-works price declined to KZT14,727/t from KZT15,148/t in the 1H19. Kazakhstan's cement market grew by two per cent in the 1H20, compared to the ...

Steppe Cement posts 8% revenue rise in 2019

13 January 2020, Published under Cement News

Kazakhstan-based Steppe Cement has posted revenues of KZT30.534bn (US$81m) for the year ended 31 December 2019. This represents a rise of eight per cent when compared with 2018. The company sold 1,715,761t of cement in 2019, marginally lower than the previous year. Steppe Cement is the country's fourth-largest cement producer with a total cement capacity of 1.9Mta. It operates two plants in Karaganda: the 1.1Mta Central Asia Cement works and the 0.8Mta Karcement unit.