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News Steppe Cement increases its cement sales in 2021

Steppe Cement increases its cement sales in 2021

Written by Steppe Cement increases its cement sales in 2021 13 January 2022
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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.

Last modified on 19 January 2022
Published in Global Cement News
Tagged under
  • Kazakhstan
  • Steppe Cement
  • demand
  • Consumption
  • Export
  • Import
  • Sales
  • Forecast
  • Strategy
  • pensions
  • growth
  • construction
  • homebuilding
  • Government
  • GCW540

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