Cement News tagged under: Latvia
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... |
Schwenk Latvija opens new grinding plant01 July 2022, Published under Cement NewsSchwenk Latvija has opened what it calls “one of Europe’s most sustainable grinding plants”. The new works at Brocēni was commissioned in June 2022 and took just 20 months to complete. The grinding circuit, which was supplied by Christian Pfeiffer, produces high-quality cement such as CEM I 52.5R with up to 5600 Blaine. |
Schwenk Latvija reports 5% increase in turnover in 202127 June 2022, Published under Cement NewsSchwenk Latvija has reported a 4.9 per cent YoY increase in turnover in 2021. The company's turnover reached EUR96.455m, while profit came in at EUR16.118m, up 31.9 per cent YoY, according to Firmas.lv. 2021 saw Schwenk Latvija sell more than 1Mt of cement, of which over 75 per cent was exported, mainly to Finland, Estona and Sweden, reports Baltic Business Daily. Capex in 2021 stood at over EUR23m, up 16 per cent on the 2020 figure. According to the company's annual report, despite the nega... |
Schwenk Latvija orders Christian Pfeiffer high-performance ball mill circuit29 March 2021, Published under Cement NewsSchwenk Latvija, a company of Schwenk Building Materials Group, awarded Christian Pfeiffer Maschinenfabrik GmbH with the construction of an efficient ball mill circuit for high-quality cements, for the Broceni plant in Latvia. The ball mill circuit will also enable the production of more cement types, expanding Schwenk Latvija's product portfolio with more environmentally friendly cement types with fineness of up to 5600 Blaine. Christian Pfeiffer will also supply a QDK high-performanc... |
Schwenk invests in cement mill and multichamber silo10 February 2021, Published under Cement NewsSchwenk Zement plans to start operation of an additional cement mill and multichamber cement storage silo at its Broceni plant in Latvia at the end of this year. The completion of the project will enable more efficient use of the existing capacity at the facility, expand the range of cement produced with more environmentally-friendly product types and look towards new export markets. "We already export about 70 per cent of the cement produced in Brocēni to the Nordic countries and we can... |
Cemex Latvia changes name to Schwenk Latvija04 April 2019, Published under Cement NewsFollowing its recent acquisition by Germany-based Schwenk, Cemex Latvia will change its name to Schwenk Latvija, according to reports by the LETA news agency. Cemex generated a turnover of EUR86.92m in Latvia in 2018, an increase of 11.3 per cent from 2017. Annual profit amounted to EUR5.95m, compared to a loss in the previous year. The company sold over 1Mt of cement in 2018, of which 70 per cent was exported, mostly to Finland, Sweden and Estonia. |
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... |
Cemex03 September 2018, Published under Cement NewsCemex Latvia sold 0.97Mt of cement in 2017, generating at turnover 34.6 per cent higher at EUR78,067m, following an 18.5 per cent drop in the previous year. The share of exports rose to in excess of 70 per cent, while domestic deliveries were ahead. Sweden and Finland were the main export markets, followed by Estonia, Lithuania and Belarus. |
Cemex Latvia's turnover rises 35% with strong export sales09 August 2018, Published under Cement NewsCemex generated EUR78.067m turnover in Latvia in 2017, up 34.6 per cent against 2016, selling 970,000t of cement, while the copany's share of export sales grew to 70 per cent. Growth was recorded in all segments thanks to a robust growth of the Latvian construction sector in 2017. Growing exports to markets such Sweden and Finland as well as sales in Estonia, Lithuania and Belarus compensated for the sanctions-related drop in exports to Russia. However, interest and depreciation costs st... |