Steppe Cement reports positive 1H18
Published by Jonathan Rowland,
Editor
World Cement,
Steppe Cement sold 0.74 million t of cement in the first half of the year, a 14% increase on the same period in 2017. Sales revenues were up 23% year on year.
Overall, the cement market in Kazakhstan increased 7% in 1H18. Domestic producers increased shipments by 15% and also benefitted from a more than doubling of exports, which came on the back of favourable exchange rates.
Imports – which represent 8% of the market – also rose by 30%. Steppe Cement currently estimates the country’s cement consumption will be 9.4 million t in 2018.
Steppe Cement’s local market share increased slightly over the first six months of the year from 15% in 1H17 to 16%. It also exported a slightly larger proportion of its sales.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/12072018/steppe-cement-reports-positive-1h18/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
