Cement News tagged under: Latvia

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Cemex Latvia changes name to Schwenk Latvija

04 April 2019, Published under Cement News

Following its recent acquisition by Germany-based Schwenk, Cemex Latvia will change its name to Schwenk Latvija, according to reports by the LETA news agency. Cemex generated a turnover of EUR86.92m in Latvia in 2018, an increase of 11.3 per cent from 2017. Annual profit amounted to EUR5.95m, compared to a loss in the previous year. The company sold over 1Mt of cement in 2018, of which 70 per cent was exported, mostly to Finland, Sweden and Estonia.


02 April 2019, Published under Cement News

Cemex has agreed to sell its operations in Latvia, where it owns the 1.6Mta cement plant at Broceni, as well as import and marketing operations in Sweden, where there are four, Finland (three), Norway (four), Estonia (1) and a 38 per cent stake in Lithuania's sole cement plant, to the privately-owned Schwenk Zement for EUR340m. To help finance the purchase, Schwenk is selling its 69.8 per cent stake in Schwenk Namibia on a Singapore-based investor for some US$73m.       Cemex has also ag...

Cemex sells Broceni plant and Nordic assets to Schwenk Zement

20 February 2019, Published under Cement News

Cemex has announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to Schwenk Zement for approximately EUR340m. The Baltic assets being divested consist of the 1.7Mta Broceni cement plant in Latvia, four aggregates quarries, two cement quarries, six ready-mix plants, one marine terminal and one land distribution terminal in Latvia. The assets divested also include Cemex's approximate 38 per cent indirect interest in the 1.8Mta Akmene cement plant in Lithu...


03 September 2018, Published under Cement News

Cemex Latvia sold 0.97Mt of cement in 2017, generating at turnover 34.6 per cent higher at EUR78,067m, following an 18.5 per cent drop in the previous year. The share of exports rose to in excess of 70 per cent, while domestic deliveries were ahead. Sweden and Finland were the main export markets, followed by Estonia, Lithuania and Belarus.

Cemex Latvia's turnover rises 35% with strong export sales

09 August 2018, Published under Cement News

Cemex generated EUR78.067m turnover in Latvia in 2017, up 34.6 per cent against 2016, selling 970,000t of cement, while the copany's share of export sales grew to 70 per cent. Growth was recorded in all segments thanks to a robust growth of the Latvian construction sector in 2017. Growing exports to markets such Sweden and Finland as well as sales in Estonia, Lithuania and Belarus compensated for the sanctions-related drop in exports to Russia. However, interest and depreciation costs st...

Cemex delivers concrete for Riga's Bulk Terminal

18 May 2017, Published under Cement News

Cemex has supplied more than 3500m 3 of concrete to the Riga Bulk Terminal, a state-of-the-art marine terminal being built for the Freeport of Riga, Latvia’s port authority. Located in Kundzinsala, in Riga’s northern district, the terminal is a key part of a global and regional cargo supply chain and passenger traffic network in the Baltic Sea region. Cemex in Latvia supplied the concrete for the construction of the base plate, walls, and coverings for the new loading point of the Riga Bul...

Cemex Health & Safety practices recognised in Europe

25 November 2015, Published under Cement News

Cemex announced yesterday that its operations in the United Kingdom (UK) and Latvia earned prestigious industry awards for their outstanding health and safety (H&S) practices. Cemex UK was awarded the John Crabbe Trophy, the Mineral Products Association’s (MPA) highest honour for H&S. Cemex Latvia won the Latvian Golden Helmet Award, granted by the State Labour Inspectorate of the Republic of Latvia in recognition of excellent practices in work safety. In awarding this edition of the Joh...

Cemex cautiously optimistic on Latvian outlook

04 December 2013, Published under Cement News

Cemex is cautiously optimistic on the outlook for Latvian construction activity in 2014 as a pick-up in activity is starting to be seen. Cemex country CEO Enrique A Garcia said that growth has finally resumed in the construction industry, albeit from a low base, LETA news agency reported. During recent times of depressed domestic demand, the company has been highly-dependent on regional exports. However, forecast indicate an improvement and Cemex is cautiously optimistic on the outl...

SITA UK to supply solid recovered fuel (SRF) to Cemex in Latvia

01 October 2012, Published under Cement News

Recycling and resource management company, SITA UK, has signed a three-year contract to supply 180,000t of solid recovered fuel to Cemex in Latvia. The fuel will be produced by processing residual commercial waste in a new, purpose-built facility at Ridham Docks in Kent. Once processed, the solid recovered fuel material will be used as a fossil-fuel replacement at Cemex’s cement production facility in Broceni, southern Latvia. Speaking about the contract, Andy Hill, Organics and Altern...

Nordic stability lies ahead

24 March 2012, Published under Cement News

The Nordic cement markets comprising Sweden, Norway, Finland, Demark, Estonia, Latvia and Lithuania have many modern cement plants operating kilns with some of the highest alternative fuel substitution rates. The region also has a wealth of cement terminals and grinding stations, encouraging strong trade, especially via sea routes. Sweden, Norway and Finland are the three biggest Nordic cement markets, with Denmark a distant fourth in terms of cement demand. The three Baltic countrie...