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News Akmenes improves but still makes a loss

Akmenes improves but still makes a loss

Written by Global Cement staff 10 August 2018
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Lithuania: Akmenes Cementas, Lithuania’s only cement producer, has announced that it expects improved cement sales in 2018 compared to 2017 and hopes to halve its annual loss.

The company suffered a net loss of Euro5.5m in 107, 21.7% lower than a Euro7.0m loss in 2016. Turnover in 2017 grew by 11% to Euro56.7m. The company sold 1.04Mt of cement, 4% more than in 2016.
In 2017 Akmenes sold 58% of its produce to the local market. It exported 35% to other EU countries and 7% to Belarus. The company hopes to increase cement sales and to halve its losses.

Last modified on 16 August 2018
Published in Global Cement News
Tagged under
  • Akmenes Cementas
  • Lithuania
  • Results
  • Production
  • GCW366
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