Cement News tagged under: Kazakhstan
ICG launches fourth cement plant in Kazakhstan19 November 2024, Published under Cement NewsSingapore’s Mainboard-listed International Cement Group (ICG) has inaugurated its fourth integrated cement plant, Korcem, in Kazakhstan’s Jambyl Region. The US$153m facility, located in Korday District near Almaty and the Alatau Special Economic Zone (SEZ), adds 1.5Mta of capacity, bringing ICG’s total production capability to 5.5Mta. The Korcem plant further establishes ICG as the largest producer of new dry process cement in Kazakhstan, bolstering its leadership in Central Asia’s ceme... |
Aktobecem to build cement plant in western Kazakhstan05 November 2024, Published under Cement NewsAktobecem plans to build a new cement plant in the Aktobe region, Kazakhstan, according to Trend News Agency. The 2Mta project is valued at US$143.1m. Aktobe’s aim, Askhatar Sakharov, met with investors from Singapore and Kazakhstan to discuss the development of the project. "We are ready to support the implementation of the cement plant project. This enterprise will make a significant contribution to the development of the construction industry in the region by providing the local market... |
Greenfield plant launched in Kazakhstan23 October 2024, Published under Cement NewsA new project has been launched in the village of Asgaran settlement of Khojaly district, Asgaran settlement, reported Kazakhstan Minister of Economy, Mikayil Jabbarov. According to Mr Jabbarov, AzCement will have a production capacity of 60,000tpa and is expected to create 70 jobs. The facility is financed by state-owned Azerbaijan Investment Co and Shahbulag Mining. The plant aims to enhance the infrastructure and industrial potential of the liberated territories and contribute to... |
Korcem clinker line is ignited17 October 2024, Published under Cement NewsSinoma (Liyang) Heavy Machinery has successfully ignited the 3500tpd (1.15Mta) clinker production line of the Korcem project in Kazakhstan. Sinoma (Liyang) Heavy Machinery carried out the project on an EPC basis. The new line project in Korday was begun at the end of 2021 and featured some delays. It will now be optimised to have a full cement capacity of 1.5Mta. |
Steppe Cement reports 1H24 revenues of US$34m20 September 2024, Published under Cement NewsSteppe Cement reported its 1H24 unaudited interim results with revenues amounting to US$34.4m, a seven per cent fall from US$36.9m in the corresponding period of 2023. The decline was mainly attributed to a four per cent drop in sales volume. The group made a loss after tax of US$3.5m in the 1H24 compared to US$0.1m profit after tax in the 1H23. First-quarter trading saw an 18 per cent in sales for Steppe Cement, but this was offset by a two per cent rise in the 2Q24, while sales volumes ... |
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... |
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... |
Steppe Cement posts 24% drop in 1Q revenue05 April 2024, Published under Cement NewsKazakhstan-based Steppe Cement reported revenue of KZT3.779bn (US$8.4m) in the first quarter of 2024, down 23.5 per cent from KZT4.938bn in the year-ago period. The company's market share in Kazakhstan contracted to 11.5 per cent in the 1Q24 from 12.7 per cent in the 1Q23. Steppe Cement sold 175,383t of cement, representing a 18.4 per cent drop when compared with the 1Q23 when sales volumes stood at 214,832t. The average price received by the cement producer fell 6.3 per cent to KZT21,545... |
Steppe Cement reports lower volumes in 1H2313 July 2023, Published under Cement NewsKazakhstan-based Steppe Cement Ltd has reported sales volumes of 749,034t of cement in the first half of 2023, down from 837,063t in the same period a year earlier. Revenue over the same period fell from KZT19,579m (US$44.09m) to KZT16,977m. The average price for delivered cement over the 1H23 stood at KZT22,665/t (ex-VAT), compared to KZT23,391/t in the first half of 2022. The ex-factory price over the same period declined from KZT20,485/t to KZT19,205/t. The cement market in Kazakhst... |
Steppe Cement sees volumes fall 24% in 1Q2314 April 2023, Published under Cement NewsKazakhstan-based Steppe Cement has reported sales of KZT4.94bn (US$10.96m) in the opening quarter of 2023, compared to KZT6.3bn in the same period a year earlier, representing a 21 per cent YoY decline. According to the Morning Star, in terms of cement volumes, over the same period sales fell from 281,968t to 214,832t, down 24 per cent YoY. The company’s market share has also slipped from 14 to 13 per cent. Cement demand in Kazakhstan is expected to come in at around 10-10.5Mt in 2023, ... |