Displaying items by tag: Lithuania
Lithuanian producer to be affected by EU Belarus ban
28 March 2012Lithuania: Akmene Cement, Lithuania's only cement producer, says it will be affected by the European Union's sanctions against Belarus. Previously the producer sold cement to the Belarusian company Triple, owned by oligarch Yury Chyzh, which has been affected by the blacklist.
"We discussed it today at our company. It is hard to say what it is going to be like now," Arturas Zaremba, head of Akmenes Cementas, stated. "I do not know myself how those sanctions would work. Does it mean that we will not be able to maintain any business relations with them? We will need to clear that up."
EU foreign ministers decided to impose sanctions against 29 Belarus companies and 12 individuals related with Alexander Lukashenko's regime. Akmenes Cementas exported around 70,000t of cement to Belarus in 2011.
Akmenes reports improved in 2011
14 February 2012Lithuania: Akmenes Cementas, Lithuania's only cement manufacturer, posted a revenue of Euro63.2m for the whole of 2011, a rise of 37% compared to the Euro46.4m it took in 2010. Cement sales increased by 19% to nearly 0.98Mt.
Lithuania accounted for 55% of the company's sales, with sales rising by 14% year-on-year to 0.54Mt. Sales in the Russian exclave of Kaliningrad rose by 25% to 0.18Mt, or 19% of total sales, while sales in Belarus fell by 25% to 71,000t. Its sales in EU countries surged by 67% to 185,000t.
Akmenes Cementas is in the process of implementing its biggest-ever production modernisation project, worth Euro101m, which involves shifting from wet to dry cement production.
Akmenes Cementas posts solid upturn in revenue
27 October 2011Lithuania: Akmenes Cementas, Lithuania's only cement manufacturer, posted Euro47.5m in revenue for the nine months from 1 January 2011 to 30 September 2011, a rise of 38% from Euro37.8m litas in the same period of 2010. Its cement sales increased by 23% to 743,000t and production output was up by 21% to 740,000t, according to the company's public relations officer Richardas Sudaris.
Its sales in the Russian exclave of Kaliningrad rose by 21% to 133,000t and sales in Belarus were up by 8.6% to 63,000t but sales in Latvia remained weak, at a mere 1000t. Exports to other EU countries almost doubled, increasing to 144,000t.