Displaying items by tag: Kazakhstan

Kazakhstan: Steppe Cement’s revenue rose by 20% year-on-year to US$65.6m in 2017 from US$54.9m in 2016. Its sales volumes of cement rose by 4% to 1.63Mt from 1.57Mt. The cement producer says that its market share remained at 17% in the reporting period. Overall the country consumed 9Mt of cement in 2017. Steppe Cement’s exports doubled to 146,000t from 73,000t. Kazakhstan imported 0.7Mt of cement in 2017 compared to 0.5Mt in 2016. It exported 0.9Mt in 2017 compared to 0.4Mt in 2016.

Kazakhstan: The opening of the Rudny Cement plant has been delayed to 2018. The regional government said that the US$44m project is in the final stage of completion, according to Interfax. The 0.5Mt/yr plant has been postponed several times since 2010 due to a lack of finance. The most recent plan was to start production by the end of 2017.

Kazakhstan: Gezhouba Shieli Cement Company LLC is now inviting international banks and financial institutions to support the construction of its planned cement production plant in Kyzylorda region, Kazakhstan, according to Li Jinqing, the company's general manager. Gezhouba Shieli is a thee-party joint venture (JV) between China Gezhouba Group Corporation Limited (CGGC) (50%), China Gezhouba Group Overseas Investment Co., Ltd (20%), a subsidiary of CGGC, and a local cement company (30%).

The cement production line will require a total investment of around US$200m, of which 70% will be funded through bank loans. At present, CGGC is actively in communication with some Chinese banks and financial institutions, including Export-Import Bank of China (EIBC) and China Development Bank Corporation (CDB). The plant is designed to have a production capacity of 2500t/day. It is expected to be operational by the end of 2018.

China Triumph International Engineering Co Ltd (CTIEC) won the engineering, procurement and construction (EPC) contract in April 2017, while its subsidiary Beijing Triumph International Engineering Co., Ltd will take responsibility for design work, according to Qian Yingchun, the project leader at CTIEC. More equipment will be required as construction progresses.

Kazakhstan: Steppe Cement has counteracted falling sales volumes with a price rise. Its sales volumes of cement fell by 15% year-on-year to 0.65Mt in the first half of 2017 from 0.76Mt in the same period in 2016. However, its sales revenue rose by 4% to US$26m from US$25m.

Overall the cement producer said that the country’s cement market contracted by 1% during the reporting period. Cement shipments from local producers rose by 5% though as imports remained flat and exports doubled due to favourable foreign exchange rates. Steppe Cement’s local market share fell to 15% from 18% but its exports rose markedly to 11% of its sales from 4%. The cement producer forecasts that the country as a whole will consume 9Mt of cement in 2017.

Kazakhstan: Karaganda cement plant has secured a US$3m loan from VTB Bank Kazakhstan to finance production growth at the unit. The Bank and Karcement JSC, which owns the cement plant, signed a corresponding agreement within the state program aimed at the development of domestic producers, according to the Trend News Agency. The plant has a production capacity of 3.6Mt/yr and it had been in operation since 1953.

Kazakhstan: Seven Refractories has opened a plant in Karaganda with a production capacity of 40,000t/yr. The first production run was completed in mid-February 2017. The unit is the Slovenian company’s most easterly production site.

Kyrgyzstan: Cement produced in Kyrgyzstan has become ‘uncompetitive’ since the country joined the Eurasian Economic Union. The State Committee for Industry, Energy and Mining has blamed this on high volumes of imports from Kazakhstan, according to the Tazabek newspaper. The country has five integrated cement plants.

Kazakhstan: The Rudny cement plant in the Kostanai region is due to be commissioned in 2017. The US$46m unit has a cement production capacity of 0.5Mt/yr, according to a local government official reported upon by Interfax. Construction of the plant has been put on hold repeatedly since 2010 due to lack of financing.

Kazakhstan: Commissioning of the Kokshe Cement plant in the Akmola region is expected to be completed later in 2017. Construction and installation work at the site has been completed, according to the Kazakhstan government. The plant will have a cement production capacity of 2Mt/yr and it has cost US$187m to build.

Kazakhstan: Steppe Cement’s revenue has fallen by 8% year-on-year to US$54m in 2016 from US$59m in the same period in 2015. Sales volumes of cement fell by 4% to 1.57Mt from 1.64Mt. The drop in revenue and sales volumes was blamed on increased competition and the start-up of two cement kilns in the country.

The cement producer reported that the country’s cement consumption fell by 8% to 8.9Mt in 2016. It imported 0.5Mt and exported 0.4Mt, with imports falling and exports rising respectively. The cement producer said that its market share was 17% in 2016. It will publish its full financial results for the year in April 2017.