Akmenes Cementas' 29% sales rise
First publishedon www.AggBusiness.com
Lithuanian cement manufacturer Akmenes Cementas has reported revenues of €24.8 million in the first half of 2011, up 29% from the same period of 2010.
Arturas Zaremba, CEO of Akmenes Cementas, said the company's exports increased by nearly 50% over a year in the first half of 2011. Akmenes Cementas produced a total of 385,000tonnes of cement in the six-month period, up 5% from the first half of 2010.
Cement sales in Lithuania accounted for 208,000tonnes (53%); in Russia's Kaliningrad for 76,000tonnes (19%); in Belarus to 23,000tonnes (6%), and in European Union states to 88,000tonnes (22%) of the company's overall output.