Schwenk to increase stake in Akmenės Cementas
Germany’s Schwenk has received approval to increase its stake in Lithuania's only cement manufacturer, Akmenės Cementas. It was already the majority shareholder at 50.42 per cen...
Lithuania
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Cemex
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, ...
Cemex sells Broceni plant and Nordic assets to Schwenk Zement
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 divest...
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’s waste targets under scrutiny as government ponders CHP decision
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 ...
Lithuania: Akmenes largely offsets decline in Russia exports
Preliminary data show that Lithuania’s Akmenes Cementas posted EUR51m in total revenue, down by EUR4.4m on 2015.
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...