Cement News tagged under: Steppe Cement

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Kazakhstan: devalued tenge affects Steppe Cement

25 May 2016, Published under Cement News

The 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 tumbles

18 April 2016, Published under Cement News

Steppe 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 2015

14 January 2016, Published under Cement News

Steppe 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,...

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 ...

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...

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 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...

Kazakhstan: Steppe Cement 1Q volumes down

15 April 2015, Published under Cement News

In the first quarter of 2015, Kazakhstan-based producer Steppe Cement reported a three per cent decline in sales volumes to 192,884t from 198,607t a year earlier. The company said in a statement that the Kazakhstan cement market rose by eight per cent over the corresponding quarter of last year. However, Steppe Cement’s market share fell from 17 per cent in 1Q14 to 15 per cent in 1Q15. Cement imports increased by 25,000t despite the new factory operating in west Kazakhstan while exports ...

Steppe Cement reports 5.7% rise in 3Q revenue

09 October 2014, Published under Cement News

Kazakhstan cement producer Steppe Cement Ltd Thursday reported third-quarter 2014 revenue of KZT7.65bn (US$42m), higher than the KZT7.24bn reported in the same period the previous year. The company achieved sales of 582,429t during the three month period, a 16 per cent increase from the third quarter of 2013, the company added.