Akmenes Cementas results

Akmenes Cementas results
Published: 18 October 2005

Nine-month sales of Akmenes Cementas up almost 13 per cent.  Sales of Akmenes Cementas reached 90.8 million litas (Euro 26.3m) in the first nine months of 2005, a 12.9 per cent increase year-on-year.  "Our sales are growing both in Lithuania and in foreign markets," Arturas Zaremba, the head of Akmenes Cementas, told ELTA. 

In September, the sales of the firm, the only producer of cement in Lithuania, amounted to 14.5 million litas (Euro 42m), 40.4 per cent higher than they were in the same month of 2004.  Akmenes Cementas sells most of its produce in Lithuania but also exports cement to Finland, Latvia, and the Russian enclave of Kaliningrad. 

Nearly one-third of the Lithuanian producer now belongs to the Mexican-owned company Cemex. A group of Lithuanian businesspeople hold the controlling interest of 62 per cent in the firm.