Lithuania: Akmene Cement’s Jan-Oct revenues up 21%

Lithuania: Akmene Cement’s Jan-Oct revenues up 21%
Published: 07 December 2010

Akmenes Cementas, Lithuania’s only cement manufacturer, said on Monday that its sales revenues for January through October rose by 21 per cent to LTL135.995m (EUR 39.4m), up from LTL112.516m a year ago.

Cement sales increased by 40 per cent to 712,100t, Richardas Sudaris, the company’s public relations officer, told BNS.

The plant’s production output also increased by 40 per cent, to 703,000t, thanks to rising exports.
"As the Lithuanian market has contracted, we have increased exports," said Sudaris.

The spokesman said that the company had sharply cut exports at the time of Lithuania’s economic boom, but had to shift its focus back to foreign markets when the economic crisis struck the country.
"It’s not that easy to win back the markets," he said.

This year the company managed to raise exports to Finland and Sweden, and exported some products to Poland. Also, it has begun to actively distribute its products in Belarus.