Kazakhstan: Steppe Cement has reported a rise in revenue of 20% to US$101m for the year ending 31 December 2025, while earnings before interest, taxation, depreciation and amortisation (EBITDA) increased to US$11.8m from US$7.5m. Net profit climbed to US$3.2m from US$1.0m in 2024. Sales volumes increased by 21% to around 2.07Mt, while Steppe maintained a 14% market share. The wider Kazakh cement market grew by more than 20% to exceed 14Mt, supported by residential construction, infrastructure projects and urbanisation.
The company said that operational improvements on Line 6 helped to increase clinker production to 1.63Mt from 1.47Mt. The board at Steppe Cement has also approved a US$30m expansion project to raise clinker capacity from 3000t/day to 4500t/day. The investment is expected to support future cement production capacity of around 2.5Mt/yr, with completion targeted for summer 2027. Steppe said the project includes a new cooler, raw mill, riser duct rebuild, new cyclones and kiln modifications, and is expected to reduce coal and electricity consumption per tonne.