Steppe Cement
Steppe Cement Ltd is an AIM-listed Malaysian holding company that produces and sells cement and clinkers in Kazakhstan through two wholly-owned subsidiaries operating a 2 million-tonne dry-kiln facility in Karaganda, serving the country's domestic construction industry.
- Company typePublic
- Founded2005
- HeadquartersKuala Lumpur, Malaysia
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Steppe Cement does
Steppe Cement Ltd is a Malaysian-incorporated holding company (incorporated 2005, listed on the AIM market of the London Stock Exchange under ticker STCM) that owns and operates cement manufacturing facilities in central Kazakhstan through two wholly-owned subsidiaries, Karcement J.S.C. and Central Asia Cement J.S.C. The production complex at Aktau Village in the Karaganda Region consists of two dry-process kilns (Lines 5 and 6, commissioned 2014 and 2009) with combined annual capacity of 2 million tonnes, plus four mothballed wet kilns. The company is described by its own materials as the leading dry-method cement manufacturer in Kazakhstan and one of the lowest-cost producers in the country.
The company produces and sells cement and clinkers to the domestic Kazakhstan construction and building industry, alongside smaller consultancy and electricity transmission/distribution services at the Karaganda site. Its dry-kiln process technology uses fewer resources than the wet-kiln methods still prevalent in some competitors' fleets. The Karaganda plant's central location — approximately 40 km north of Karaganda city and 180 km south of Kazakhstan's capital Nur-Sultan (Astana) — provides logistical efficiency into major demand centers including Astana and Almaty.
Steppe Cement generates revenue through direct domestic sales of cement and clinkers; cement pricing is not publicly disclosed and follows commodity-market dynamics in Kazakhstan. For the year ended December 31, 2025, revenue grew 33% to KZT 52,375 million (~USD 100 million) on cement sales volume of 2.07 million tonnes, a 21% increase year-over-year. The company is investing $35 million (of which $25 million is debt-funded) to upgrade its clinker line and expand capacity to 2.5 million tonnes by summer 2027. Marketing and investor-relations activity is conducted primarily through regulatory RNS announcements, annual and interim reports, investor meetings, the corporate website, and social media channels targeting AIM-market investors.
Steppe Cement firmographics
Firmographics- Name
- Steppe Cement
- Legal name
- Steppe Cement Ltd.
- Website
- https://steppecement.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Steppe Cement Ltd is an AIM-listed Malaysian holding company that produces and sells cement and clinkers in Kazakhstan through two wholly-owned subsidiaries operating a 2 million-tonne dry-kiln facility in Karaganda, serving the country's domestic construction industry.
- Ownership category
- akta.pro rank
Steppe Cement industry classification
Industry- Product category
- Cement Manufacturing
- NAICS
- Cement Manufacturing (327310), Cement Manufacturing (32731)
- SIC
- Cement, Hydraulic (3241)
- akta.pro primary industry
- Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)
- akta.pro secondary industry
- Limestone Quarrying (Industrial & Construction Grade) (IMAKAHAC)
Keywords
Where Steppe Cement is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices3 records
Markets served
Steppe Cement business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- Cement and Clinker Sales: Steppe Cement generates revenue primarily through the production and sale of cement and clinkers in the Kazakhstan domestic market. The company reported 33% revenue growth to KZT 52,375 million (approximately $100 million) for the year ended December 31, 2025, with cement sales volume rising 21% to 2.07 million tonnes. The company also provides consultancy, electricity transmission, and distribution services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Steppe Cement product offering
Product offeringCore offering
Steppe Cement is a Malaysian-incorporated holding company that operates cement manufacturing facilities in Kazakhstan through two wholly-owned subsidiaries, Karcement J.S.C. and Central Asia Cement J.S.C. The company produces and sells cement and clinkers using dry-kiln technology, making it the leading cement manufacturer in Kazakhstan using the dry method with annual production capacity of 2 million tonnes.
Product overview
Steppe Cement Ltd is a Malaysian-incorporated holding company (ticker STCM, listed on London AIM) that operates cement manufacturing facilities in Kazakhstan through two wholly-owned subsidiaries: Karcement JSC (operates 2 modern dry-process kilns with 1.2 million tonnes capacity) and Central Asia Cement JSC (has 4 wet kilns, mothballed since 2014). The company produces cement and clinkers using primarily dry-process technology, positioning it as the leading dry-method cement producer in Kazakhstan with competitive advantages as one of the lowest-cost producers. The product portfolio consists of cement (dry process), clinker, and related consultancy/electricity distribution services, with an ongoing capacity expansion project targeting 2.5 million tonnes through a $35 million clinker line upgrade.
Differentiator
Problem solved
Functional benefit
Products and services
- Cement (Dry Process) Cement produced using the dry method manufacturing process, which utilizes fewer resources than wet methods. Steppe Cement is the leading cement manufacturer in Kazakhstan using the dry method, supplying construction companies, builders, and infrastructure projects.
- Clinker Intermediate cement product sold alongside finished cement. Steppe Cement produces and sells clinkers in Kazakhstan.
- Consultancy Services Consultancy services provided alongside cement production, including electricity transmission and distribution services at the Karaganda facility.
Quantifiable outcome
- 33% revenue growth to KZT 52,375 million (~$100 million) for FY 2025
- +2 more outcomes
Companies that use Steppe Cement
Customer profileSegments1 record
Ideal customer profiles1 record
Steppe Cement technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Steppe Cement partnerships and signals
Strategic signalScale indicators8 records
Recent moves10 records
Expansion highlights2 records
Steppe Cement competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Steppe Cement social profiles
Digital presenceSteppe Cement financial estimates
Financial estimateRevenue estimate
Valuation estimate
Steppe Cement leadership team
Management profileNumber of profiles
Profiles6 records
Steppe Cement subsidiaries and ownership
Company hierarchySubsidiaries2 records
Steppe Cement funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Steppe Cement M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Steppe Cement
What does Steppe Cement do?
Steppe Cement is a Malaysian-incorporated holding company that operates cement manufacturing facilities in Kazakhstan through two wholly-owned subsidiaries, Karcement J.S.C. and Central Asia Cement J.S.C. The company produces and sells cement and clinkers using dry-kiln technology, making it the leading cement manufacturer in Kazakhstan using the dry method with annual production capacity of 2 million tonnes.
Is Steppe Cement a public or private company?
Steppe Cement is a public company. It is classified as public and is currently operating.
When was Steppe Cement founded?
Steppe Cement was founded in 2005. It employs 501 to 1,000 people.
Where is Steppe Cement based?
Steppe Cement is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does Steppe Cement make money?
One revenue line is on record: cement and Clinker Sales.
Does Steppe Cement have an API?
No public API is recorded for Steppe Cement.
What industry is Steppe Cement in?
Steppe Cement's product category is Cement Manufacturing. Its primary akta.pro industry code is IMADAAAG, Cement Manufacturing (Portland, Blended & Specialty), with a secondary code of IMAKAHAC, Limestone Quarrying (Industrial & Construction Grade). Its NAICS code is 327310 and its SIC code is 3241.