Displaying items by tag: Kazakhcement

Kazakhstan: Sharcem, part of Singapore-based International Cement Group (ICG), plans to acquire US$16.3m-worth of cement assets in Kazakhstan. The Business Times newspaper has reported that the sellers are Kazakhcement and the Development Bank of Kazakhstan. Kazakhcement currently operates the 1.0Mt/yr Shar plant in Charsk, East Kazakhstan. ICG said that the opportunity presented an ‘attractive’ foothold in the growing Central Asian market. The acquisition is scheduled for completion by 31 May 2021 once the conditions of the sales and purchase agreement are finalised.

Kazakhstan: Kazakhstan’s cement production increased to 10.8Mt in 2020. Kazakhstan Newsline has reported that 2020 is the first year in which domestic cement production has exceeded 10Mt. Capacity utilisation across the nation’s 16.5Mt/yr of installed cement capacity was 66%.

HeidelbergCement’s 0.8Mt/yr Caspi Cement plant exceeded its rated capacity by 10%. Kazakhcement’s 1.0Mt/yr Shar cement plant and ACIG’s 0.5Mt/yr Khantau cement plant both produced no cement in 2020. Gezhouba-Shiyeli Cement’s Shiyeli cement plant stood idle for several months in early 2020 when management and engineering staff became stranded in China due to the coronavirus outbreak.

Kazakhstan Association of Cement and Concrete Producers executive director Erbol Akymbaev said, “The production capacities of Kazakhstani factories exceed the needs of the domestic market by 41%: domestic consumption in 2020 amounted to just over 9Mt. Access to neighbouring markets is complicated by the fact that states protect their own producers. For example, in Russia, according to GOST, additional certification of imported products is required." He added that the cement industries of the two main cement exporters to Kazakhstan – Iran and Russia – are unregulated in terms of CO₂ emissions. Kazakhstan’s commitment to a reduction in its emissions of 15% by 2030 gives it a competitiveness disadvantage.