Akmenes sees improved sales, Lithuania

Akmenes sees improved sales, Lithuania
Published: 31 October 2013

Tagged Under: Lithuania Results Akmenes Cement 

Akmenes Cement’s sales for the nine months to the end of September 2013 rose by 5.2 per cent to 826,700t.

Revenue was LTL194.076m (EUR56m) for the first three quarter of 2013. CEO Arturas Zaremba told Baltic News Service that while this reflects the seasonality of the domestic construction activity, improvements are being seen. "The spring was late this year, but the gap is narrowing,” he said. For this year, the company expects revenues to be flat, or indeed “no worse than last year,” Mr Zaremba noted.

Earlier this week, Akmenes said it is due to bring its new dry-process line into operation shortly. The new project will replace the present wet production method which should increase the plant's nominal grinding capacity from 1.35Mta to 1.5Mta.