Cement News tagged under: Akmenes Cementas
Ignites to supply green electricity to Akmenes Cementas23 September 2024, Published under Cement NewsSmart energy solutions company Ignites will supply electricity generated by its wind farm in Mažeikiai to Akmenes Cementas , Lithuania. Ignites and Akmenes Cementas, which is owned by German building materials producer, Schwenk Cement Beteiligungen, signed a four-year power purchase agreement (PPA) for Ignites to start supplying electricity in 2026. This is the largest PPA Ignites has ever signed in Lithuania. Haroldas Nauseda, head of B2B customers and expansion at Ignitis, said,... |
Baltic CCS project gains EU recognition17 May 2024, Published under Cement NewsA cement carbon capture project in Lithuania and Latvia has been granted Project of Common Interest (PCI) status by the European Commission, recognising it as a project that will significantly contribute to EU energy policy and climate goals, reports the Lithuanian News Agency. The project has been developed by CCS Baltic Consortium, consisting of Akmenes cementas AB , KN Energies AB, Larvik Shipping AS, Mitsui OSK Lines and SCHWENK Latvija SIA . The consortium was formed in 2022 with t... |
Akmenes Cementas to import SRF to replace coal20 March 2023, Published under Cement NewsLithuania-based Akmenes Cementas plans to import up to 200,000t of solid recovered fuel (SRF) each year, replacing its use of coal. According to the Baltic Business Daily, the company currently uses around 130,000t of coal each year. By 2024 SRF will replace 75 per cent of the coal, rising to 90 per cent by the end of 2027. Akmenes Cementas is reportedly in the process of installing specialist equipment for the handling and burning of the SRF, which will arrive via the port of Klaipeda... |
Akmenes Cementas to import SRF31 August 2022, Published under Cement NewsAkmenes Cementas , Lithuania’s only cement producer, plans to import up to 200,000t of solid recovered fuel (SRF) for use in the second half of 2023. Last year the company received EUR4.34m in funding under the Climate Change Program towards the EUR20m bill to install SRF burning equipment. The aim is to replace 75 per cent of the coal used by Akmenes with SRF next year. The company saw its cement production advance by 11 per cent YoY in 2021 to 1.35Mt, with cement sales over the same perio... |
Akmenes Cementas records 18.9% surge in revenue28 January 2019, Published under Cement NewsLithuania’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 wit... |
Klaipeda terminal expansion to boost Akmenes Scandinavian exports20 September 2017, Published under Cement NewsThe 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 Verslo Zinios. "It will make it easier to hold talks with potential buyers in Scandinavia, as our response to their needs will be more flexible and timely. We will be able to gradually accumulate cement at the terminal, we will not have to bring the entire amount needed for the ship by train cars at a time, as this ... |
Lithuania’s limestone reserves sufficient for decades to come24 February 2017, Published under Cement NewsIn 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 small decrease when compared with the 688,000m 3 recorded annually on average over the last five years. Lithuania’s sole cement producer Akmenes Cementas receives its limestone in the Karpenai quarry in Akmenes District. In addition, the company also uses Triassic clay in the country deepest pit, the Saltiski... |
Lithuania: Akmenes Cement suffers losses of EUR5m01 June 2016, Published under Cement NewsAkmenes 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, Akmenes Cementas said its annual report filed with Lithuania's Center of Registers. The company's total cement sales rose by eight per cent in 2015 from 2014 to 979,000t, including 513,000t in the domestic market (52 per cent of the total sales), 291,000t in Russia (30 per cent), 153,000t in EU markets (16 per cent) and ... |
Akmenes posts decline in 2015 revenue08 February 2016, Published under Cement NewsLithuania'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 revenue derived from exports, mainly to Poland, Scandinavia and Russia's exclave of Kaliningrad, the Verslo Zinios business daily reported on Friday. “Cement consumption more or less reflects the situation in the Lithuanian construction sector. In 2013 cement consumption rose by approximately 10 per cent whereas in 2... |
Akmenes profit falls by a third, Lithuania22 May 2014, Published under Cement NewsAkmenes Cementas, Lithuania’s only cement manufacturer, last year saw its audited net profit fall by 36.3 per cent to LTL11.676m (EUR 3.38m), from LTL18.329m in 2012. Annual revenues decline by 0.4 per cent to LTL247.557m, from LTL248.43m in the previous year, the company said in its 2013 report submitted to the Center of Registers. Volume sales rose by 6.8 per cent to 1.066Mt from 998,000t in 2012. The domestic market accounted for 44 per cent of total sales, Russia 22 per cent, Bel... |