Displaying items by tag: Uzbekistan
Uzbek cement sales via commodity exchange fall by a quarter in 2022
15 February 2023Uzbekistan: Cement sales via the Uzbek Commodity Exchange fell by 24% year-on-year to 6.9Mt in 2022. Monthly sales hit a high of 0.82Mt in June 2022, according to Uzbekistan Newsline. Qizilqumcement retained a 40% share of sales but Akhangarancement’s share fell to 19% from 22% previously and Almalyk MMC’s share dropped to 12% from 23%.
By region Tashkent and the Tashkent region held a 25% market share, the Surkhandarya region a 13% share, the Bukhara region a 12% share, the Navoi and Kashkadarya regions a 10% share and the Samarkand and Jizzakh regions held a 8% share each. Data released by the national Agency of Statistics revealed that overall ordinary Portland cement (OPC) production fell by 3% to 11.4Mt in 2022 from 11.8Mt in 2021.
Kyrgyzstan's 10-month exports drop in 2022
12 January 2023Kyrgyzstan: Cement producers exported 574,500t of cement during the first 10 months of 2022, down by 4.7% year-on-year from 10-month 2021 levels. Central Asia News has reported that cement prices fell by 13% to US$42/t. In value, exports fell by 17% to US$24.2m. Neighbouring Uzbekistan was the major recipient of Kyrgyz cement exports.
Deha Tech to commission Tashkent grinding plant in January 2023
25 October 2022Uzbekistan: Turkey-based engineering company Deha Tech says that it is 95% of the way to completion of its construction of a new grinding plant in Tashkent. The supplier says that it expects to commission the new facility in late January 2023. It thanked employees and partners for all of their efforts towards helping it realise the project. Deha Tech secured an engineering, procurement and construction (EPC) contract for the work in 2020.
Tajik cement production falls in first half of 2022
17 August 2022Tajikistan: Cement production fell by 7% year-on-year to 2Mt in the first half of 2022 from 2.16Mt in the same period in 2021. The Avesta News Agency reports no reason for the decline but it noted that the construction sector had grown so far in 2022. The country’s cement industry exports around 1.5Mt/yr to neighbouring countries including Afghanistan, Uzbekistan and Kyrgyzstan.
Bekabadcement becomes infrastructure project partner
23 June 2022Uzbekistan/Kazakhstan: Uzbekistan-based Bekabadcement, part of United Cement Group (UGC) Holding, has become a partner in a key project to build a 350km international transport corridor connecting Uzbekistan and Kazakhstan, to be financed by the Asian Development Bank.
The company’s products are well known domestically for their use in the construction of major infrastructure facilities, such as the construction of transport corridors and modernisation of irrigation systems in Uzbekistan and Kyrgyzstan, as well as the rebuilding of the Baikonur Cosmodrome in Kazakhstan.
BekabadCement to launch customer support service
16 June 2022Uzbekistan: BekabadCement plans to launch a testing laboratory at its Bekabad cement plant, from which it will run a dedicated customer support service. The facility will focus on automatic sampling. BekabadCement expects to launch the service to customers in late 2022.
Kant Cement to open Uzbek sales office
10 May 2022Uzbekistan: Kyrgyzstan-based Kant Cement has announced plans to open a sales office in Uzbekistan. Kant Cement is a subsidiary of United Cement Group and operates the Kant and AC cement plant in Kyrgyzstan’s Chüy Region.
Orient Group seeking to raise funds
27 April 2022Uzbekistan: Orient Group has entered talks with foreign banks to obtain loans and raise funds. BNE IntelleNewshas reported that the company's earnings before interest, taxation, depreciation and amortisation (EBITDA) is 3x its debt.
Head of corporate finance Davron Ozgurer said “Now we are well diversified, but we plan to exit some of the businesses and sectors but we are also considering getting into some new businesses. The main change will be that now we are an operational company – we make and sell things – but the plan is to transform into more of a financial holding. But that will take time.” Regarding future fundraising, Ozgurer said “Nothing is decided yet. We are just looking at options, but we could issue a bond, or maybe take a syndicated loan. Eventually, an initial public offering (IPO) could be possible.”
Russia: The government is ‘working to establish import flows’ of building materials from Uzbekistan. Russian media sources have reported that the construction industry is also hoping to expand import partnerships with China, India, Iran and Turkey. Russian cement production reportedly continues to adequately serve the national demand for cement.
Uzbek companies allowed to export cement themselves
02 March 2022Uzbekistan: The President of Uzbekistan signed in a law change on 1 March 2022 permitting legal entities to export cement on the basis of direct contracts. The change also applies to clinker. Under the current law, all exporters can claim up to 50% of transport costs for subsidisation by the Export Promotion Agency of Uzbekistan.