Cement News tagged under: Kazakhstan
Steppe swings to first-half loss16 September 2014, Published under Cement NewsKazakhstan cement producer Steppe Cement Ltd posted a consolidated loss after tax of US$4.1m for the six months ended 30 June 2014 against a profit of US$2.2m in the comparative period of last year. Sales increased by 26 per cent in volume and 16 per cent in tenge (KZT) in 1H14 against 1H13. However, as a consequence of the February devaluation of the KZT against the USD, turnover in US dollars decreased by five per cent. The average ex-factory price declined from KZT12,084/t in 2013 to... |
Vicat03 September 2014, Published under Cement NewsVicat's first-half turnover increased by 6.1 per cent to EUR1217.8m, which amounts to a 10.8 per cent advance on a comparative basis. EBITDA was ahead by 3.1 per cent to EUR207.7m and the margin narrowed from 17.5 per cent to 17.1 per cent. The trading profit, however, improved by 9.4 per cent to EUR115.2m, an underlying increase of 15.8 per cent. After a net financial charge 38.2 per cent higher at EUR29.7m and a 20 per cent decline in the income from associates to EUR1.7m, the pretax profi... |
Kazakhstan: Steppe Cement improves 1H14 sales11 July 2014, Published under Cement NewsKazakh cement producer Steppe Cement Ltd reported cement sales of 709,459t for KZT9125m (US$49.7m) in 1H14 which compares with 564,440t of cement for KZT8165m in the 1H13. This represents a YoY increase of 26 per cent in volume terms and 12 per cent in value terms. The rise signals a shift from the company's 2013 strategy of pursuing higher selling prices to this year's plans to strive for higher sales volumes. Average price for the current period for delivered cement was KZT12,862/t (e... |
Kazakhstan: strategic partner invests in Hantau plant09 July 2014, Published under Cement NewsKazakhstan Investment Fund JSC has attracted a strategic partner for the launch of production at the Hantau cement plant, Baiterek National Holding reported. 'Yug Cement Stroi' LLP acted as the strategic partner which attracted credit in the amount of KZT5.35bn (EUR21.4m) for seven years in the "Bank RBK" JSC and allocated to completing construction of the plant. Currently, a new dry-process clinker line is being constructed at the plant by Hengyuan International Engineering Group. The prod... |
Steppe Cement profit rises as Kazakh market grows 13%02 May 2014, Published under Cement NewsKazakhstan-based Steppe Cement Friday reported an increase in profit and revenue in the full year 2013, as domestic demand grew by double-digit figures. Steppe posted pretax profit of US$13m for 2013, up from US$12m a year earlier, as revenue rose to US$123m from US$120.2m in 2012. EBITDA for 2013 rose to US$28.7m compared with US$24.9m in 2012. Steppe said it sold 1.4Mt of cement during the period, up from 1.3Mt a year earlier, while selling prices increased five per cent in US dollar... |
Kazakhstan: Standard Cement to launch second production line in 201521 April 2014, Published under Cement NewsStandard Cement LPP plans to launch a second production line in south Kazakhstan in 2015, bringing total capacity of the facility to 2.3Mta. The line will have a design capacity of 1Mta, with equipment supplied by Tianjin Cement Industry Design & Research Institute (TCDRI), China. The company intends to expand its product range to include M500-M700 high-quality cement and oil well cement. |
Steppe Cement 1Q14 market update, Kazakhstan18 April 2014, Published under Cement NewsSteppe Cement Ltd said it sold 198,607t of cement in the 1Q14 for KZT2486m (US$13.7m), compared to 166,121t of cement for KZT2272m in 1Q13, representing an increase of 20 and nine per cent, respectively. The company reported that the Kazakhstan cement market remained broadly similar compared to the same period of 2013, although the weather was colder this year compared to last. Steppe Cement's market share increased from 15 per cent in 1Q13 to 17 per cent in the first three months of the ye... |
Vicat: full-year turnover eases11 March 2014, Published under Cement NewsTurnover at Vicat eased by 0.3 per cent in 2013 to EUR2286m and EBITDA came off by 2.4 per cent to EUR427m, while at unchanged parameters they would have risen by 2.9 per cent and 0.3 per cent respectively. The trading profit emerged 3.7 per cent lower at EUR234m. The net financial charge rose by 31.2 per cent as the debt of the Indian subsidiaries Vicat Sagar and Gulbarga Power was no longer being capitalised. After an increase in the effective tax charge from 29.1 per cent to 32.4 per c... |
Steppe Cement completes commissioning of Line 504 March 2014, Published under Cement NewsSteppe Cement Ltd announced that its wholly-owned subsidiary, Karcement JSC, has successfully completed the commissioning of the new dry-process Line 5 in Kazakhstan. The new kiln line is expected to increase Steppe Cement Group's cement production capacity by an additional 1.2Mta. "In view of the successful completion, Steppe Cement Group, its board of directors and management wish to congratulate all employees for their commendable efforts especially during the cold winter season whic... |
Kazakhstan set to see the launch of two new plants in 201417 January 2014, Published under Cement NewsTwo new plants are set to be launched in Kazakhstan's southwestern and northern regions this year, helping the central Asian country achieve its aim of self-sufficiency in cement supply. “The launch of new production facilities — Caspiycement in the Mangistau region (1Mta) and Kokshecement in the Akmola region (2Mta) — will allow to completely refuse from cement imports, increase cement export, and curb seasonal price increases for cement in the west and north of Kazakhstan,” a spokespers... |