Lithuania’s Gerdukas launches imports of cement

Lithuania’s Gerdukas launches imports of cement
Published: 19 October 2007

Gerdukas, Lithuania’s cement trader, has shipped the second batch of cement by sea from Sweden, the Verslo Zinios business daily reports. A possibility for imports resulted on the housing market crisis in the US, said Nerimantas Valenta, CEO of Gerdukas, which saw its controlling stake being taken over by Sweden’s building materials producer HeidelbergCement Northern Europe late in summer.

The state of Florida notified HeidelbergCement Group, which operates plants in some 50 states and produces about 80 million tons of cement per year, that it had cancelled the order for 1 million tons of cement, and that quantity was distributed among other customers. "We may ship up to 3,000 tons of cement on board of one vessel from the island of Gothland. The frequency of deliveries will depend on the scale of orders," Valenta said.  
 
Cement imported by the company was fully compliant with the EU standards, and the price was competitive on the market dominated by a single producer, he added.