Cement News tagged under: Central Asia
Uzbekistan fines Shangfeng cement plant nearly US$400,00028 August 2024, Published under Cement NewsThe Competition Promotion and Consumer Protection Committee of Uzbekistan has found Shangfeng Bridge of Friendship cement plant guilty of engaging in anti-competitive practices, including dumping and restricting the exchange competition. The committee has also forwarded documents concerned with cement sales under direct contracts to the Tax Committee for the assessment of profit tax and VAT. The committee has imposed a fine of nearly UZS5bn (US$396,150) on the Shangfeng Bridge of Frien... |
Kyrgyzstan enforcing a six month import ban on range of cement20 August 2024, Published under Cement NewsFrom 1 October Kyrgyzstan is enforcing a six-month road import ban on cement types including Portland, alumina and slag cements, according to a decree signed by Akylbek Japarov, chairman of the country's cabinet of ministers. The ban is for both cement and clinker. The ban comes alongside the State Statistical Committee of Kyrgyzstan reporting a 76 per cent YoY increase in cement imports in May to 125,737t. Shipments predominantly coming from Iran, Kazakhstan, China and Uzbekistan. How... |
Kazakhstan’s continued challenge05 August 2024, Published under Cement NewsWhile a positive economic forecast and plans to expand the country's infrastructure and housing are expected to support Kazakh cement producers, domestic and regional overcapacity as well as increasing costs are envisaged to present continued challenging conditions for the sector. By CMPRO and QazCem, Kazakhstan The expansion of the Kazakh cement industry has resulted in domestic overcapacity, which is proving particularly challenging in times of production cost increases and re... |
Suzhou Sinoma ignites Andijan kiln line24 May 2024, Published under Cement NewsOn 21 May 2024, the 6000tpd clinker production line in Andijan, Uzbekistan, contracted by Suzhou Sinoma, was officially ignited. This project embodies Suzhou Sinoma's commitment to the development philosophy of consultation, joint construction, and shared benefits between China and Uzbekistan, as well as the 'Belt and Road' international economic cooperation initiative. It also marks Suzhou Sinoma's first cement engineering general contracting project executed in Uzbekistan, representing a s... |
International Cement Group sees revenue advance 14% YoY11 April 2024, Published under Cement NewsInternational Cement Group (ICG) , which operates cement plants in Tajikistan and Kazakhstan, has reported revenue of SGD257.4m (US$191.4m) in 2023, up 14 per cent on the SGD225.2m seen in the previous year. Net income over the same period was down 44 per cent to SGD16.1m. EBITDA in 2023 was recorded at SGD60.8m, down from SGD66.2m in the previous year, while profit after tax contracted from SGD38.8m in 2023 to SGD29.1m in 2024. According to the company, the fall in profit was driven by a s... |
Lebap Cement exceeds 1Mt production in 202315 February 2024, Published under Cement NewsThe Lebap cement plant in Turkmenistan produced more than 1Mt of cement of various grades last year. About 107,500t of cement were sent to neighbouring Uzbekistan last year, reports Turkmenportal. The plant’s specialists are optimistic about the future, planning to increase product production along with improving its quality indicators. |
Armenia imposes 6-month cement import ban28 December 2023, Published under Cement NewsThe Armenian government has banned imports from third countries for a period of six months. The step was taken to create favourable conditions for local cement producers. “The adoption of the decision is due to the need to regulate the importation of cement from third countries and to create equal conditions for cement produced and imported in the local cement market” indicates government text. In the January-October 2023 period, 0.965Mt of cement were produced in Armenia, up 20.1 per cen... |
Fitch B+ rating for United Cement Group01 June 2023, Published under Cement NewsFitch Ratings has awarded a B+ rating to United Cement Group (UCG) . The positive outlook by the rating agency is due UCG’s large-scale modernisation as well as with an increase in profitability. The recent acquisition of construction glass producer Kvarts by UCG is also expected to lead to ongoing improvements in product diversifiaction and strengthening of financial stability. Moreover, the integration of Kyzylkumcement is anticipated to increase operating profitability. According to F... |
Update on Uzbekistan21 March 2023, Published under Cement NewsCement producers in Uzbekistan have been benefitting from government measures to provide a conducive development environment for the building materials sector. Cement demand has grown rapidly, leading to new plant start-ups, but new capacity and gas shortages are putting pressure on utilisation rates. By Avesta Investment Group, Uzbekistan. The rising importance of Uzbekistan's construction industry has meant that local cement producers are benefitting from government measures to s... |
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... |