Cement News tagged under: Akmenes Cementas

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Akmenes Cementas records 18.9% surge in revenue

28 January 2019, Published under Cement News

Lithuania’s Akmenes Cementas saw an 18.9 per cent rise in revenue to EUR67.3m in 2018, compared to EUR56.6m in the previous year. The volume of cement sales also increased 12 per cent YoY to 1.167Mt from 1.041Mt. "The rise in revenue came from the volumes of cement sold. Of course, the prices grew, and our costs also increased. We have a number of challenges, including energy, fuel, and also wages will affect our final result," stated Arturas Zaremba, director general, in an interview wit...

Klaipeda terminal expansion to boost Akmenes Scandinavian exports

20 September 2017, Published under Cement News

The cement loading terminal under development at the port of Klaipeda, Lithuania, will enable Akmenes Cementas to boost its exports to Scandinavia, according to business daily Verslo Zinios. "It will make it easier to hold talks with potential buyers in Scandinavia, as our response to their needs will be more flexible and timely. We will be able to gradually accumulate cement at the terminal, we will not have to bring the entire amount needed for the ship by train cars at a time, as this ...

Lithuania’s limestone reserves sufficient for decades to come

24 February 2017, Published under Cement News

In 2016 cement companies mined around 680,000m 3 of limestone suitable for cement production in Lithuania, according to the Lithuanian Geological Survey (LGT). This represents a small decrease when compared with the 688,000m 3 recorded annually on average over the last five years. Lithuania’s sole cement producer Akmenes Cementas receives its limestone in the Karpenai quarry in Akmenes District. In addition, the company also uses Triassic clay in the country deepest pit, the Saltiski...

Lithuania: Akmenes Cement suffers losses of EUR5m

01 June 2016, Published under Cement News

Akmenes Cementas last year saw its net losses soar to EUR4.864m, more than a five-fold increase from EUR902,400 in 2014. Annual revenue fell by 6.5 per cent to EUR55.44m, Akmenes Cementas said its annual report filed with Lithuania's Center of Registers. The company's  total cement sales rose by eight per cent in 2015 from 2014 to 979,000t, including 513,000t in the domestic market (52 per cent of the total sales), 291,000t in Russia (30 per cent), 153,000t in EU markets (16 per cent) and ...

Akmenes posts decline in 2015 revenue

08 February 2016, Published under Cement News

Lithuania's sole cement manufacturer Akmenes Cementas posted a decline of around six per cent in 2015 revenue to EUR55.4m from EUR59.2m a year earlier. Nearly 50 per cent of revenue derived from exports, mainly to Poland, Scandinavia and Russia's exclave of Kaliningrad, the Verslo Zinios business daily reported on Friday. “Cement consumption more or less reflects the situation in the Lithuanian construction sector. In 2013 cement consumption rose by approximately 10 per cent whereas in 2...

Akmenes profit falls by a third, Lithuania

22 May 2014, Published under Cement News

Akmenes Cementas, Lithuania’s only cement manufacturer, last year saw its audited net profit fall by 36.3 per cent to LTL11.676m (EUR 3.38m), from LTL18.329m in 2012. Annual revenues decline by 0.4 per cent to LTL247.557m, from LTL248.43m in the previous year, the company said in its 2013 report submitted to the Center of Registers. Volume sales rose by 6.8 per cent to 1.066Mt from 998,000t in 2012. The domestic market accounted for 44 per cent of total sales, Russia 22 per cent, Bel...

Sale of Akmenes Cementas shares blocked by anti-trust regulator

24 April 2013, Published under Cement News

Lithuania’s Competition Council has blocked the sale of a 51 per cent stake in Akmenes Cementas to Concretus Materials, part of the Betoneta Group. The regulator concluded on Monday that the market share, which the potential buyer would obtain after the takeover, would be too large. Shortly after the announcement, Concretus Materials withdrew its request for approval and cancelled the offer. Akmenes Cementas is Lithuania’s sole cement producer and operates a plant with a 1.35Mta cl...

Akmenes Cementas reports encouraging start to 2013, Lithuania

03 April 2013, Published under Cement News

Lithuania’s sole cement producer Akmenes Cementas reported a 13 per cent rise in revenues for the first two months of 2013 to LTL15.2m (EUR4.4m) Sales volumes rose by 16 per cent to 65,000t from 56,000t in the same period of last year, company spokesperson Giedre Kundrotiene told Baltic News Service. Domestic cement consumption is likely to have shown a five per cent decline in 2012 to 0.65Mt, but is expected to show a modest improvement in 2013, supported by the infrastructure spending ...

Concretus Materials to buy majority stake in Akmenes Cementas, Lithuania

02 January 2013, Published under Cement News

Concretus Materials is to acquire a 51 per cent stake in Lithuania’s sole cement producer Akmenes Cementas. The company applied to the Lithuanian Competition Council on 27 December for approval of the deal. Cemex currently owns a 33.95 per cent stake while other shareholders include Simonas Vytis Anuzis (13.67 per cent share), Olius Danyla (13.55 per cent), Arnoldas Mituzas (12.76 per cent) and Edmundas Montvila (9.8 per cent). Akmenes is currently implementing its largest-ever modern...

Exports drive Akmenes’ growth, Lithuania

28 September 2012, Published under Cement News

Lithuania’s sole cement producer Akmenes Cementas is operating at almost full capacity as it benefits from its strategy to increase exports, business daily Verslo Zinios reported "Today we rely on exports for growth," it quoted Akmenes Cementas CEO Arturas Zaremba as saying. The company this year is targeting at least a 10 per cent increase in annual sales and a rise of around 15 per cent in revenues thanks to growing exports. Akmenes Cementas expects that its LTLT350m (EUR 101.4m) mode...