Cement News tagged under: Estonia
Kunda sees 6% drop in revenue in 202306 August 2024, Published under Cement NewsHeidelberg Materials Kunda AS 's sales revenue declined by 6.1 per cent YoY to EUR37.8m in 2023. The majority of this revenue, or EUR35.5m, was generated in Estonia with smaller revenues from the Swedish market (EUR1.3m) and Latvia (EUR1m), according to the company’s annual report. Cement volumes saw a 24 per cent drop due to a drop in construction volumes and higher prices. In addition, cement export share fell to six per cent. Cement production declined in line with the drop in sales.... |
Kunda Nordic Tsement is now Heidelberg Materials Kunda AS08 August 2023, Published under Cement NewsKunda Nordic Tsement ( Heidelberg Materials ) has changed its name to Heidelberg Materials Kunda AS . The name change followed the roll-out of the Heidelberg Materials global brand and this is now reflected in Estonia with the new name for the company's Kunda operations. The company emphasises that this is, "The same colleagues, same know-how, experience, and expertise. But in a stronger position to drive the work for a sustainable society and a sustainable future." Heidelberg Materials... |
Kunda Nordic Tsement to end clinker production19 March 2020, Published under Cement NewsHeidelbergCement-owned Kunda Nordic Tsement, Estonia, is to close its kiln line in March following a decision by the company’s supervisory board. The closure has been attributed to the considerable increase in CO 2 prices, which has had a significant impact on financial results. "We have reached a crossroads in Kunda, where a new dry-processing plant is needed to reduce the cost of production of clinker and meet the increasingly stringent environmental requirements that stakeholders exp... |
Cemex02 April 2019, Published under Cement NewsCemex has agreed to sell its operations in Latvia, where it owns the 1.6Mta cement plant at Broceni, as well as import and marketing operations in Sweden, where there are four, Finland (three), Norway (four), Estonia (1) and a 38 per cent stake in Lithuania's sole cement plant, to the privately-owned Schwenk Zement for EUR340m. To help finance the purchase, Schwenk is selling its 69.8 per cent stake in Schwenk Namibia on a Singapore-based investor for some US$73m. Cemex has also ag... |
Cemex sells Broceni plant and Nordic assets to Schwenk Zement20 February 2019, Published under Cement NewsCemex has announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to Schwenk Zement for approximately EUR340m. The Baltic assets being divested consist of the 1.7Mta Broceni cement plant in Latvia, four aggregates quarries, two cement quarries, six ready-mix plants, one marine terminal and one land distribution terminal in Latvia. The assets divested also include Cemex's approximate 38 per cent indirect interest in the 1.8Mta Akmene cement plant in Lithu... |
Nordic stability lies ahead24 March 2012, Published under Cement NewsThe Nordic cement markets comprising Sweden, Norway, Finland, Demark, Estonia, Latvia and Lithuania have many modern cement plants operating kilns with some of the highest alternative fuel substitution rates. The region also has a wealth of cement terminals and grinding stations, encouraging strong trade, especially via sea routes. Sweden, Norway and Finland are the three biggest Nordic cement markets, with Denmark a distant fourth in terms of cement demand. The three Baltic countrie... |
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