New Lithuanian plant to be postponed?

New Lithuanian plant to be postponed?
Published: 13 March 2008

Akmenes Cementas (Akmene Cement), Lithuania’s only cement producer, said it might postpone construction of a new LTL300m (EUR87m) plant.  
Sigitas Leminskas,  Akmenes Cementas deputy CEO, was quoted in a specialised publication, Cementininku Zinios, saying that the construction was likely to be postponed since more time was needed on design specifications.  
“We need to know the parameters, the weight and other data of new installations before we sign a contract with the contractors due to design the buildings and premises,” Leminskas said.  
Last May Akmene Cement halted exports to the Kaliningrad region and Finland as it struggled to meet domestic demand. The company said that the 10 per cent of its output exported to Latvia may also be in jeopardy in 2008.  
Latvia also suffers from a lack of cement, which triggered a massive price rise in 2006.  
Akmene Cement initially planned to begin construction of the plant in the summer, but the starting date has been pushed back to the fall.  
The new line is expected to produce 4500tpd of cement. Currently the company’s output slightly exceeds 1Mta.