Estonia’s TMB to fund expansion in Latvia from a loan

Estonia-based TMB (formerly Tartu Maja Betoontooted), one of the leading producers of precast reinforced concrete elements in the Baltic states, is expanding its Latvian production subsidiary. Company CEO Jaan Luts said the company’s expansion follows its forecast of strong growth in the Latvian construction market. Luts said he also expects exports of precast reinforced concrete to Sweden and Norway will remain relatively high. However, exports to Finland have dropped.
August 29, 2013 Read time: 1 min
Estonia-based 7467 TMB (formerly Tartu Maja Betoontooted), one of the leading producers of precast reinforced concrete elements in the Baltic states, is expanding its Latvian production subsidiary.

Company CEO Jaan Luts said the company’s expansion follows its forecast of strong growth in the Latvian construction market. Luts said he also expects exports of precast reinforced concrete to Sweden and Norway will remain relatively high. However, exports to Finland have dropped.
Maintenance

For more information on companies in this article

TMB

Related Content

  • Canada is the partner country for the biggest ever
    November 15, 2018
    bauma 2019 in Munich is going to be the biggest yet with the organisers gearing up to host 3,500 exhibitors and 600,000 visitors in 18 halls and 614,000m2 of show space. Two new halls have been opened up for the 2019 show and the exhibition’s partner country will be Canada, the seventh-largest market in the world for construction machinery. Canada’s construction sector growth is expected to grow by 3% per annum each year until 2020. Organiser Messe Munchen has also chosen Canada because it is “one of the w
    Read More
  • Terex MP buys Canadian concrete mixer company
    August 2, 2022
    Terex Materials Processing (MP) has acquired Canadian company ProAll, a specialist producer of mobile volumetric concrete mixers.
    Read More
  • TISPOL: drink driving continues to be a pan-European concern
    January 18, 2016
    Drink-drive enforcement still has issues in Europe, according to pan-European police body TISPOL Drink-driving is the cause of around 5,000 road deaths in Europe. In the UK alone, it is estimated that 230 (14%) of the country’s 1,713 road deaths are due to drinking and driving. For England, Wales and Northern Ireland the limit for driving is still 80mg (0.8) of alcohol/100ml of blood. Scotland reduced its limit to 50mg (0.5) of alcohol/100ml of blood in December 2014, bringing it into line with most
    Read More
  • VIDEO: Drone for Fehmarnbelt tunnel
    August 1, 2025
    Dane Grace, one of the world's most talented drone pilots, has flown his drone over the German and Danish construction sites for the Fehmarnbelt Tunnel, set to be the world’s longest immersed tunnel.
    Read More

Highlighted Content