Cement News tagged under: Kazakhstan
Steppe Cement revenue rises as Kazakh demand rises 13%16 January 2014, Published under Cement NewsKazakhstan 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 2013. The company generated revenues of KZT19.47bn during the year, up from KTZ17.91bn in 2012. Cement sales reached 1.37Mt, up from 1.35Mt in 2012m an increase of 1.3 per cent. Steppe said this gave it a market share of 17 per cent. The average price for delivered cement, excluding VAT, was KZT14,425/t, comp... |
Italcementi breaks ground on new Kazakh kiln line10 December 2013, Published under Cement NewsThe 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 capacity of the new dry-process cement line would be 1.2Mta. The project will take 20 months to complete, Kazakhstan General Newswire reported. "The new cement making technology line is expected to produce first clinker in mid-2015." After the launch of the new line, the old kiln will be shut down, Shymkent Cement's genera... |
BTA Bank to finance Standard Cement new line23 October 2013, Published under Cement NewsBTA 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 equipment for the dry-process line, a statement released on 21 October said. The new 1Mta line will be supplied by Tianjin Cement Industry Research and Design Institute of China. Construction and assembling works will financed by the cement producer. Standard Cement currently operates a 1.2Mta plant on Sairam village.... |
Steppe Cement revises Kazakh full-year market outlook08 October 2013, Published under Cement NewsSteppe 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 cement demand. For the three months to the end of September the company reported revenues of KZT7.24bn (US$46.9m), a marginal 0.13 per cent increase on the KZT7.23bn achieved in the corresponding quarter of 2012. For the nine months ended 30 September, Steppe Cement recorded revenue of KZT15.39bn compared to KZT14.9... |
Hamzah lifts stake in Steppe Cement to 23 per cent04 October 2013, Published under Cement NewsKazakh-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 Wan Hamzah from 49.13 million shares to 50.38 million shares, or 23 per cent. |
Steppe Cement 1H13 profit rises to US$3.8m17 September 2013, Published under Cement NewsSteppe 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 US$52.2m while operating income was up to US$6.2m versus US$3.2m. Net profit attributable to shareholders swung to a profit of US$2.2m versus a loss US$109,000 in the same period a year earlier. Sales volumes, however, fell by 8.3 per cent to 564,440t versus 615,838t in the first six months of 2012. The average sale... |
Fitch Ratings affirms and withdraws Central Asia Cement’s rating13 September 2013, Published under Cement NewsFitch 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 rating at 'B(kaz)'. Fitch says it will no longer have sufficient information to maintain the ratings, as CAC has chosen to stop participating in the rating process. "Accordingly, Fitch will no longer provide ratings or analytical coverage for CAC," said Fitch in a statement. Key rating drivers include the bouyant Ka... |
Steppe Cement 1H turnover boosted by higher prices10 July 2013, Published under Cement NewsIn 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 higher prices. During the January-June 2013 period, the company sold 564,440t of cement compared with 615,838t in the first half of 2012. Overall sales in Kazakhstan rose by 11 per cent during the period an the share of imports rose marginally from 14 to 15 per cent. Steppe Cement saw its market share drop from 19 p... |
Karcement to complete Kiln Line No 5 upgrade by 3Q13, Kazakhstan03 May 2013, Published under Cement NewsKarcement, 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 modernisation programme. The new line will have a capacity of 1.2Mta and use dry-process technology. "Until now 85 per cent of the modernization works has been done. The line is scheduled to start a full-capacity operation in late October 2013, the company’s CEO, Gan Chee Liong, told local press. The project is part... |
Steppe Cement’s full-year profit rises on increased sales and prices25 April 2013, Published under Cement NewsKazakhstan-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 per cent YoY and higher prices. Group revenue rose to US$120.17m for the year compared to US$96.11m in 2011 while pretax profit was US$12.04m compared to US$5.55m the year before. Cement sales increased by 9.8 per cent to 1.35Mt against 1.23Mt in 2011 while selling prices rose 14 per cent, well over the overall in... |