Cement News tagged under: Akmenes Cementas
Sale of Akmenes Cementas shares blocked by anti-trust regulator24 April 2013, Published under Cement NewsLithuania’s Competition Council has blocked the sale of a 51 per cent stake in Akmenes Cementas to Concretus Materials, part of the Betoneta Group. The regulator concluded on Monday that the market share, which the potential buyer would obtain after the takeover, would be too large. Shortly after the announcement, Concretus Materials withdrew its request for approval and cancelled the offer. Akmenes Cementas is Lithuania’s sole cement producer and operates a plant with a 1.35Mta cl... |
Akmenes Cementas reports encouraging start to 2013, Lithuania03 April 2013, Published under Cement NewsLithuania’s sole cement producer Akmenes Cementas reported a 13 per cent rise in revenues for the first two months of 2013 to LTL15.2m (EUR4.4m) Sales volumes rose by 16 per cent to 65,000t from 56,000t in the same period of last year, company spokesperson Giedre Kundrotiene told Baltic News Service. Domestic cement consumption is likely to have shown a five per cent decline in 2012 to 0.65Mt, but is expected to show a modest improvement in 2013, supported by the infrastructure spending ... |
Concretus Materials to buy majority stake in Akmenes Cementas, Lithuania02 January 2013, Published under Cement NewsConcretus Materials is to acquire a 51 per cent stake in Lithuania’s sole cement producer Akmenes Cementas. The company applied to the Lithuanian Competition Council on 27 December for approval of the deal. Cemex currently owns a 33.95 per cent stake while other shareholders include Simonas Vytis Anuzis (13.67 per cent share), Olius Danyla (13.55 per cent), Arnoldas Mituzas (12.76 per cent) and Edmundas Montvila (9.8 per cent). Akmenes is currently implementing its largest-ever modern... |
Exports drive Akmenes’ growth, Lithuania28 September 2012, Published under Cement NewsLithuania’s sole cement producer Akmenes Cementas is operating at almost full capacity as it benefits from its strategy to increase exports, business daily Verslo Zinios reported "Today we rely on exports for growth," it quoted Akmenes Cementas CEO Arturas Zaremba as saying. The company this year is targeting at least a 10 per cent increase in annual sales and a rise of around 15 per cent in revenues thanks to growing exports. Akmenes Cementas expects that its LTLT350m (EUR 101.4m) mode... |