Cement News tagged under: Akmenes Cement
Schwenk to increase stake in Akmenės Cementas04 June 2021, Published under Cement NewsGermany’s Schwenk has received approval to increase its stake in Lithuania's only cement manufacturer, Akmenės Cementas. It was already the majority shareholder at 50.42 per cent but is now set to increase this to 96.98 per cent. Schwenk Zement Beteiligungen will also acquire 75.41 per cent of Kalcitas, a limestone and clay producer, and 100 per cent of Cemeka and Lanku Bokstai. |
Lithuania: Akmenes largely offsets decline in Russia exports24 January 2017, Published under Cement NewsPreliminary data show that Lithuania’s Akmenes Cementas posted EUR51m in total revenue, down by EUR4.4m on 2015. Around 60 per cent of this revenue was generated in the domestic market, a further 20 per cent in other Baltic states and Belarus while the balance came from sales in Nordic countries. Exports to Russia’s exclave of Kaliningrad used to account for around 30 per cent of its annual revenue, but mandatory cement certification by Russia last year forced Akmenes Cement and other E... |
Cemex fails to annul sale of 14% shares in Akmenes20 October 2015, Published under Cement NewsCemex has failed to obtain a court order invalidating deals on the sale of a stake in Lithuania’s sole cement producer, Akmenes Cementas, through which Lithuanian three families were to take over control of the company. According to Baltic Business Daily, the Lithuanian Court of Appeals on 8 October turned down an appeal filed by Dutch-registered Rugby Holding, a subsidiary of Cemex, and refused to declare an agreement on the sale of a 13.68 per cent stake in Akmenes null and void and apply... |
Akmenes sees improved sales, Lithuania31 October 2013, Published under Cement NewsAkmenes 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 Z... |
Akmenes modernisation project nears completion, Lithuania28 October 2013, Published under Cement NewsAkmenes Cementas, Lithuania's sole cement producer, is due to bring its new dry-process kiln line into operation shortly. “Representatives of equipment suppliers are visiting the facility now. They are checking, fine-tuning and testing the equipment, adjusting the programmes,” Arturas Zaremba, Akmenes Cementas CEO, told the Baltic Business Daily. The Akmene's plant's nominal grinding capacity currently stands at 1.35Mta, with a clinker capacity of 1.2Mta. However, the new project will repl... |
Lithuania’s Akmenes Cement seeks export markets23 February 2012, Published under Cement NewsFollowing the completion of upgrade works at the Akmenes Cement works in Lithuania, the company has said it is seeking new export markets for its additional output. The company is installing a new line which will raise capacity from 1.2Mta to 1.5Mta. “Search for new markets and customers is vital for us and we focus on that now. We are building a new plant, which will have the capacity way larger what we have now, hence we must secure our future sales today,” Akmenes Cementas CEO, Arturas... |
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