Cement News tagged under: Lithuania
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... |
Kaliningrad construction sector suffers from cement sanctions05 July 2022, Published under Cement NewsThe restrictions of Russian cement and metals transit to the Kaliningrad region is having an impact on construction in the Russian province. Anton Alikhanov, governor of the Kaliningrad region, said the the transit of building materials such as cement is the most critical for the regional economy. "Cement. This is the most challenging for us at the moment. Metals as well. We started experiencing interruptions of cement supplies as early as in spring, because Europeans initiated sanctio... |
Schwenk to increase stake in Akmenės Cementas04 June 2021, Published under Cement NewsGermany’s Schwenk has received approval to increase its stake in Lithuania's only cement manufacturer, Akmenės Cementas. It was already the majority shareholder at 50.42 per cent but is now set to increase this to 96.98 per cent. Schwenk Zement Beteiligungen will also acquire 75.41 per cent of Kalcitas, a limestone and clay producer, and 100 per cent of Cemeka and Lanku Bokstai. |
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... |
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 ... |