Steppe Cement revenue rises as Kazakh demand rises 13%
Kazakhstan producer Steppe Cement said its 2013 revenue was 8.7 per cent higher YoY, as demand in the central Asian country increased by an estimated 13 per cent to 8.1Mt during...
Kazakhstan
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Italcementi breaks ground on new Kazakh kiln line
The Italcementi group has held a groundbreaking ceremony for a new kiln line at its Shymkent Cement in south Kazakhstan. Plant managing director, Gabriel Morin, said the capacit...
BTA Bank to finance Standard Cement new line
BTA Bank JSC will act as the main creditor for the construction of Standard Cement factory's second production line in southern Kazakhstan. The funds will be used to acquire equ...
Steppe Cement revises Kazakh full-year market outlook
Steppe Cement Ltd said Tuesday its third-quarter 2013 revenue was slightly ahead on the same period of last year and has upwardly revised its outlook for full-year Kazakhstan ce...
Hamzah lifts stake in Steppe Cement to 23 per cent
Kazakh-based Steppe Cement Ltd said Friday that Halfmoon Bay Capital Ltd has acquired 1.25 million shares, raising the total interests controlled by significant shareholder Azmi...
Steppe Cement 1H13 profit rises to US$3.8m
Steppe Cement Ltd posted an increased pretax profit during the first six months of the year of US$3.8m compared with US$391,000 a year earlier. Revenue rose to US$54.3m versus U...
Fitch Ratings affirms and withdraws Central Asia Cement’s rating
Fitch Ratings has affirmed and simultaneously withdrawn Central Asia Cement's (CAC) National Long-Term Rating at 'BB-(kaz)' with Positive Outlook and senior unsecured bond ratin...
Steppe Cement 1H turnover boosted by higher prices
In the first half of the year, Kazakhstan-based cement producer Steppe Cement reported an eight per cent decline in volumes YoY but turnover rose by six per cent thanks to highe...
Karcement to complete Kiln Line No 5 upgrade by 3Q13, Kazakhstan
Karcement, part of the Central Asia Cement group, has said that the upgrade of Kiln Line No 5 will be completed by the third quarter of 2013 and forms part of the company's mode...
Steppe Cement’s full-year profit rises on increased sales and prices
Kazakhstan-based cement producer Steppe Cement Ltd on Wednesday confirmed that pretax profit more than doubled in the year ended 2012 thanks to sales that were up by almost 10 p...