Cement News tagged under: Lithuania
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... |
Lithuania: Akmenes Cement suffers losses of EUR5m01 June 2016, Published under Cement NewsAkmenes 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 revenue08 February 2016, Published under Cement NewsLithuania'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 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 profit falls by a third, Lithuania22 May 2014, Published under Cement NewsAkmenes 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... |
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... |
Sale of Akmenes Cementas shares blocked by anti-trust regulator24 April 2013, Published under Cement NewsLithuania’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, Lithuania03 April 2013, Published under Cement NewsLithuania’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, Lithuania02 January 2013, Published under Cement NewsConcretus 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... |