Displaying items by tag: Kazakhstan

Kazakhstan: Steppe Cement has reported that its income rose by 4% year-on-year to US$54.3m in the first six months of 2013 from US$52.2m in the same period in 2012. The Kazak cement producer attributed the increase to a rise in prices in an interim financial statement.

Steppe Cement reported a profit before tax of US$3.82m for the period, up from US$391,000 in the same period in 2012. However, sales volumes declined by 8% to 0.56Mt from 0.62Mt. In its statement the cement producer confirmed that it had committed to spend US$7.7m on renovating its production line #5

Kazakhstan: Steppe Cement, a construction materials producer in Kazakhstan, has announced that it sold 166,121t of cement in the first quarter of 2013 compared to 170,000t in 2012. However, its revenue from cement sales was US$15.1m, 17% higher than the US$12.9m that it took in the first quarter of 2012.

While it sold more cement in the first quarter of 2013 than in the same period of 2012, Steppe Cement was unable to keep pace with expansion in the wider Kazakh market. It saw its domestic market share fall to 15% in the first quarter of 2013 versus 18% in the first quarter of 2012.

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.

Kazakhstan: Steppe Cement has reported a pre-tax profit of US$391,000 for the first six months of 2012. For the same period in 2011 the Kazakhstan-based producer made a loss of US$2.84m.

Revenue rose by 21% to US$52.2m from US$43.1m. Sales of cement rose by 2.5% to 616,000t from 601,000t. Steppe Cement also reported that its production costs per tonne increased by 11% due to higher electricity, transportation and coal costs, although this was partly offset by productivity increases.

In its interim results Steppe Cement also reported that the Kazakhstan cement market as a whole increased by 16% during the first half of 2012. It expects national demand to rise by 9.7% in 2012 to 6.8Mt/yr from 6.2Mt/yr in 2011. Overall local production has increased by 20% in the first half of 2012 compared to 2011, with the share of imported cement decreasing from 17% to 14%. The Kazakhstan government has continued its road building plan as well as significant infrastructure projects in the main cities.

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.

Russia/Kazakhstan/Ireland: Russian businessman Oleg Deripaska is holding talks to discuss selling up to 75% of his cement production company BaselCement to Ireland's Cement Roadstone Holdings (CRH). BaselCement CEO Vyacheslav Shmatov and CRH's press office declined to comment.

At present, BaselCement only has two operating facilities, one in Russia and the other in Kazakhstan. The company's plant in the Krasnoyarsk city of Achinsk produced 436,500t of cement in January to July 2011, up from 150,400t that it produced in the same period of 2010. BaselCement's plant in Kazakhstan produced 400,000t of cement in the whole of 2010.

The proposed deal could also include two cement plants with a combined annual production capacity of 3.5Mt/yr that are currently being built in the Ryazan and Novgorod regions. CRH has preliminarily estimated BaselCement's value at Euro550-600m (excluding its subsidiary BaselCement-Pikalyovo). BaselCement is forecast to have a net profit of Euro45.8m in 2011.

Kazakhstan: HeidelbergCement plans to start production at a Euro200m cement plant in the western region of Mangistau in 2013 according to a statement made by the Kazakhstan Ministry of Industry and New Technologies on 27 June 2011. The plant will have an initial production capacity of 1Mt/yr of cement with the possibility of doubling its capacity in the future, the Ministry said.

HeidelbergCement has invested Euro70m in infrastructure around the plant, including roads, railway and electricity lines and living quarters for employees. The German cement company entered Kazakhstan in 2005 by purchasing Bukhtarma Cement Company, one of the leading cement producers in the country.