Lithuania: Akmenes Cementas, Lithuania's only cement manufacturer, is about to complete the modernisation of its Naujoji Akmene cement factory in northwestern Lithuania. It's claimed to be one of the biggest industrial projects implemented in the country since restoration of independence. A new clinker manufacturing line, which cost around Euro107m, should begin operation late in November or early in December 2013, barring delays. The line should operate for around 50 years and investments are expected to be covered within a decade. The company used it's own funds to finance the bulk of investments, while banks provided around one-third of the total funding.
"Representatives of equipment suppliers are visiting the facility now. They are checking, fine tuning, testing the equipment and adjusting the programmes. We keep our fingers crossed and hope that everything goes smoothly," said Arturas Zaremba, CEO of Akmenes Cementas.
