Steppe Cement Ltd
STCM · AIM · Construction and Materials · mcap £91m · 38.5p 2 open situations →
Timeline · every situation
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Project milestones
Clinker line 6 capacity expansion
Under construction, on time and budget, funded
The USD35m project to lift capacity to 2.5Mt was decided in January 2026. By H1 2026 all contracts were signed and structural works had started, funded from cash flow rather than debt. The Q3 update says it remains on time and budget with funding in place. Commissioning is still due summer 2027.
- Next milestone
- Commissioning summer 2027 after 3-month shutdown of line 6; back-end filter due October 2026
- Funding
- From cash flow, not the originally envisaged debt
- Size
- USD 35 million
- Progress
- All contracts signed; structural works started in most areas; more than 250 workers on site
- Currency hedge
- Contracts mostly in USD; exposure hedged by keeping USD deposits
- Status
- On time and budget, funding in place (Q3 2026 update)
Next: Line 6 back-end filter due October 2026; commissioning summer 2027
- 16 Oct 2026 Under construction, on time and budget, funded
- 9 Sep 2026 Contracts signed, structural works started, cash-funded
- 10 Apr 2026 Implementation started; 80 contractors on site
- 15 Jan 2026 Decided; costed at USD 35m; financing and contractors pending
Capital return
Capital reduction and repayment
Circular posted; EGM notice issued
- 14 Nov 2025 Circular posted; EGM notice issued
Closed · 2
Company filings. Not investment advice.