Baltic CO2 terminal plans advance to support cement CCS
Plans for a CO2 transshipment terminal in Klaipeda, Lithuania, have advanced to the environmental impact assessment (EIA) stage, with potential implications for cement sector de...
Akmenes Cementas
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Ignites to supply green electricity to Akmenes Cementas
Smart energy solutions company Ignites will supply electricity generated by its wind farm in Mažeikiai to Akmenes Cementas , Lithuania. Ignites and Akmenes Cementas, which is ow...
Baltic CCS project gains EU recognition
A cement carbon capture project in Lithuania and Latvia has been granted Project of Common Interest (PCI) status by the European Commission, recognising it as a project that wil...
Akmenes Cementas to import SRF to replace coal
Lithuania-based Akmenes Cementas plans to import up to 200,000t of solid recovered fuel (SRF) each year, replacing its use of coal. According to the Baltic Business Daily, the c...
Akmenes Cementas to import SRF
Akmenes Cementas , Lithuania’s only cement producer, plans to import up to 200,000t of solid recovered fuel (SRF) for use in the second half of 2023. Last year the company recei...
Akmenes Cementas records 18.9% surge in revenue
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 pe...
Klaipeda terminal expansion to boost Akmenes Scandinavian exports
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 V...
Lithuania’s limestone reserves sufficient for decades to come
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...
Lithuania: Akmenes Cement suffers losses of EUR5m
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, Akmene...
Akmenes posts decline in 2015 revenue
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 rev...