Akmenes sales increase 5%, Lithuania

Akmenes sales increase 5%, Lithuania
Published: 14 March 2012

Akmenes Cementas, Lithuania’s sole cement producer, posted a five per cent rise in sales for the first two months of 2012 to LTL13.4m (EUR3.88m) from LTL12.8m in the same period last year.

The company has resumed its upgrade project, which includes converting its kiln line from wet to dry-process technology, due to warmer weather, company representative Giedre Kundrotiene told Baltic News Service.

“The construction and installation of a new technological line were somewhat adjusted due to cold weather in winter but the works have already been resumed and the delivery of equipment manufactured by Egypt’s Aresco continues,” she said.

Last year, Akmenes revenue increased 37 per cent to LTL218m from LTL159m in 2010. Sales volmes rose by 19 per cent to nearly 984,000t of cement from 830,000t a year before.