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 per cent YoY to 1.167Mt from 1.041Mt.

"The rise in revenue came from the volumes of cement sold. Of course, the prices grew, and our costs also increased. We have a number of challenges, including energy, fuel, and also wages will affect our final result," stated Arturas Zaremba, director general, in an interview with BNS Lithuania.

"We grew at a similar pace in the internal market, and also in terms of exports. We view this very positively. That growth has been seen for the past several years, standing at around 4-6 per cent," said Mr Zaremba.