Cement News tagged under: Lithuania

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Cemex

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...

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’s waste targets under scrutiny as government ponders CHP decision

17 February 2017, Published under Cement News

The Lithuanian Parliament Committee on Environment Protection has suggested that the Government should adopt a final decision on the construction of waste-fuelled combined heat and power (CHP) plants in Vilnius and Kaunas only after the EU Action Plan for the Circular Economy is adopted, scheduled to be at the end of the year.  The committee also advised that the government should carry out additional projections on waste volumes available by 2030. Alternative waste treatment options, inc...

Lithuania: Akmenes largely offsets decline in Russia exports

24 January 2017, Published under Cement News

Preliminary 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...

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...

Cemex fails to annul sale of 14% shares in Akmenes

20 October 2015, Published under Cement News

Cemex 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...