Apollo Asia invests in Steppe Cement
Apollo Asia Fund Ltd has acquired 11.2m shares, representing 5.13 per cent of the issued share capital of Steppe Cement Ltd, which produces construction materials in Kazakhstan.
Kazakhstan
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New 2500tpd plant to be built in Kazakhstan
Kazakhstan has formerly agreed that the construction of a cement plant with a capacity of 2500tpd to be built
Kazakhstan cement price rises 6%
In October Kazakhstan the average price of a 50kg bag of M400 cement reached KZT1252 (US$3.79), a 0.3 per cent MoM rise and an increase of 5.7 per cent when compared with the ye...
Steppe Cement repays bonds
Kazakh cement producer Steppe Cement has repaid bonds issued in November 2012, according to StockMarketWire. The bonds totalled KZT1.49bn (US$4.48m) and were paid out of the cas...
Kazakhstan’s Rudny Cement Factory opening delayed until 2018
The opening of the 0.5Mta Rudny Cement Factory in Kazakhstan has been rescheduled for 2018, according to the regional governor’s office. The works was initially scheduled to sta...
Steppe Cement 2Q17 revenues rise 27%
Steppe Cement announced that its 2Q17 revenue of KZT9312m (US$27.7m) was 27 per cent higher than the KZT7316m achieved in the corresponding quarter in 2016.
Steppe Cement price focus helps lift 1H turnover
Steppe Cement reported a 15 per cent decline in volumes for the first half of 2017 while turnover was up by four per cent over the same period as the Kazakhstan-based producer f...
Sika relocates Kazakh production unit to larger site
Sika has relocated its concrete admixture and mortar production in Almaty, in the south of Kazakhstan, to a larger site in the 1.7m-population city. Aside from the Kazakh market...
Steppe Cement 1Q17 volumes down as Kazakh market contracts
Steppe Cement reported a 35 per cent YoY decline in cement sales volumes to 124,669t in the first quarter of 2017 as cement consumption in Kazakhstan fell five per cent YoY.
China National Building Materials (CNBM)
China Triumph International Engineering Co (CTIEC), a subsidiary of CNBM, has been contracted to supply turnkey services to the Phase IV coal transportation project at Heidelber...