Kazakhstan: Kazakhstan cement producer Steppe Cement has reported a 28% year-on-year increase in its third quarter revenue for 2012 to US$48m. The company sold 518,000t of cement in the quarter, a year-on-year increase of 16%.
For the nine-month period that ended on 30 September 2012, Steppe Cement recorded a year-on-year rise in revenue of 25% to US$99.4m compared with US$79.3m. Sales volume increased by 8% to 1.13Mt from 1.05Mt. During this period the cement market in Kazakhstan increased by 13% year-on-year. In light of this Steppe Cement has revised its estimate for national consumption of cement in 2012 from 6.8Mt to 7.0Mt.