Displaying items by tag: Steppe Cement

Kazakhstan: Steppe Cement recorded sales of US$10.9m in the first quarter of 2023, down by 22% from US$14m during the first quarter of 2022. The producer sold 215,000t of cement during the quarter, down by 22% from 282,000t.

Steppe Cement said that Kazakh cement demand fell by 13% year-on-year in the first quarter of 2023. Its market share was 13%, compared to 14% in the corresponding quarter of 2022.

Kazakhstan: Steppe Cement's full-year sales were US$86.5m during 2022, up by 11% year-on-year from 2021 levels. This came about despite a 1.2% year-on-year drop in its cement volumes. The producer also overcame high inflation, which reached 20% year-on-year in Kazakhstan in December 2022.

Steppe Cement said "We continue our capital expenditure programme to increase our production capacity of clinker and cement by mid-2023, as well as to reduce power and coal consumption."

Kazakhstan: Steppe Cement's sales were US$68.7m during the first nine months of 2022, up by 13% year-on-year from US$60.6m in the corresponding period in 2021. Its cement sales volumes were 1.36Mt, down by 1% year-on-year from 1.38Mt.

Kazakhstan's cement demand grew by 2% year-on-year to 9.4Mt in the first nine months of 2022. Steppe Cement expects the Kazakh cement market to grow by 2% year-on-year to 11.8Mt throughout 2022. Steppe Cement holds a 15% market share.

Kazakhstan: Steppe Cement has received notification from Consilium Investment Management that funds under its management have ‘collectively ceased as a significant shareholder’ in the producer.

Consilium Investment Management previously represented a 5% stake in Steppe Cement’s shareholding.

Kazakhstan: Steppe Cement's first-half sales were US$41.4m in 2022, up by 18% year-on-year from first-half 2021 levels. Sales volumes were 837,000t, down by 0.4% year-on-year from 841,000t.

Kazakhstan: Steppe Cement recorded rising revenues in the first quarter of 2022 due to stronger cement volumes and higher prices during the period. The manufacturer posted sales revenue of US$14m in the three months to 31 March 2022, up by 29.6% year-on-year from US$10.8m in the first quarter of 2021.

Sales volumes rose by 6% to 281,968t from 266,007t, while average prices for delivered cement also climbed. Exports from Kazakhstan fell by 50% as new factories opened in Uzbekistan. Imports into Kazakhstan, predominantly from Russia, increased from 6.5% to 8% of the market.

Steppe Cement estimates that Kazakhstan's cement market demand will stay at 11 - 12Mt in 2022 but added that there was is a high degree of uncertainty due to the ‘geopolitical situation’ in the region.

Kazakhstan: Steppe Cement sold US$83.4m-worth of cement in 2021, up by 16% year-on-year from its US$71.7m-worth in 2020. Its sales volumes totalled 1.69Mt for the year, up by 2.4% from 1.65Mt in 2020. It exported 202,000t of cement, down by 57% from 86,500t. The company said that production limitations prevented it from fully meeting demand, and it concentrated on local markets. Regarding its outlook in 2022, Steppe Cement said “We have a healthy cash balance and are continuing our capital expenditure (CAPEX) programme to increase the production capacity of the company by 5% by mid-2022.”

Dow Jones Newswires has reported that Kazakhstan’s 2021 full-year cement consumption was 11.6Mt, up by 23% year-on-year from 9.4Mt in 2020. A rule change to pension withdrawals permitting allocations for home improvement and construction bolstered demand growth. Exports fell by 20% to 1.6Mt from 2Mt, while imports rose by 33% to 800,000t from 600,000t.

Kazakhstan: Steppe Cement's revenues in the nine-month period which ended on 30 September 2021 were US$67.6m, up by 8% year-on-year from US$62.6m in the corresponding period of 2020. Sales volumes rose by 4% to 1.38Mt from 1.33Mt.

Kazakhstan Newsline has reported that projected full-year Kazakh cement demand rose by 24% in the period to 11.3Mt, of which Steppe Cement controls a 14% share. The share of imports remained level at 7%. Nine-month cement exports were 1.4Mt nationally.

Kazakhstan: Steppe Cement sold 841,000t of cement in the first half of 2021, up by 10% year-on-year from 765,000t in the first half of 2020. Revenues in the period were US$38.8m, up by 22% to from US$31.9m. Average cement delivery prices increased by 11% in the reporting period.

Kazakhstan: Steppe Cement’s cement sales in the first quarter of 2021 were US$11.3m, up by 22% year-on-year from US$9.27m in the first quarter of 2020. Volumes increased by 13% to 266,000t from 236,000t. The company said that it remained close to full capacity utilisation. It says that it increased its Kazakh cement market share to over 13%. The market grew by 12% year-on-year in total. The producer reported an 11% price rise and constant levels of tariffs and rental expenses.

Steppe Cement forecast an increase in domestic cement demand due to government infrastructure and housing projects.