Kazakhstan: Steppe Cement, a construction materials producer in Kazakhstan, has sold 170,080t of cement for US$13.2m in the first quarter of 2012, a fall in sales volume of 9% year-on-year. Yet in the same period in 2011 the producer sold 187,404t for US$11.7m, an increase of revenue of 13%.
Total market consumption in Kazakhstan during the first quarter of 2012 increased by 9% compared to the same quarter in 2011. Its marketshare fell to 18% in the quarter compared with 20% for the whole of 2011. The average price of cement from the producer increased by 25% in the first quarter year-on-year. By share price the company is currently valued at US$68.5m.
