Cement News tagged under: Lithuania

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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...

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...

Akmenes sees improved sales, Lithuania

31 October 2013, Published under Cement News

Akmenes 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, Lithuania

28 October 2013, Published under Cement News

Akmenes 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 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...

Ship faces detention in Ireland over claims of unpaid wages

14 September 2012, Published under Cement News

A ship carrying cement was facing detention in Drogheda on the east coast of Ireland last night due to an almost €80,000 in alleged unpaid crew wages, according to reports in the Irish Times. The MV Julia’s nine -man crew from Ukraine, Russia and Lithuania had not been paid since May, International Transport Workers Federation co-ordinator for Ireland and Britain Ken Fleming said. The men were owed US$102,700 (€79,110) in unpaid wages, he added. The vessel is owned by Dutch- based compan...

HeidelbergCement opens new Lithuanian terminal

30 July 2012, Published under Cement News

HeidelbergCement has opened a new cement terminal in Klaipeda, city in Lithuania situated at the mouth of the Dane River where it flows into the Baltic Sea, according to local press reports. The modern LTL10m (approx EUR 2.9m) terminal for logistics, packaging and production of industrial cement will have a supply capacity of 100,000tpa of bulk cement and 50,000tpa of bagged cement.