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

  • Progression in concrete plant and mixing solutions
    July 14, 2014
    Big orders for and progress in plant and concrete mixing technology has been continuing at a rapid pace over recent months, as Guy Woodford reports Shantui recently completed an eye-catching US$3.2 million deal with a customer in the United Arab Emirates for 50 concrete mixer trucks. The deal is said to be an important breakthrough for the Chinese company’s concrete machinery in the Middle East market, raising brand awareness and laying a solid foundation for building market share. Over the past y
    Read More
  • A new battery facility for John Deere
    August 16, 2023
    John Deere is to build new off-highway battery facility in the US.
    Read More
  • Tesmec’s new French connection
    January 6, 2017
    Italian infrastructure firm Tesmec has expanded its capabilities and its global reach with the acquisition of French company Marais Technologies on 27 March this year. The group, which supplies a range of technologies including trenchers for pipelaying and major infrastructure projects, was keen to make the most of its new French connection at Interbuild 2015. “France is one of the only markets that are investing in electrical cable and fibre,” said Tesmec chairman and chief executive Ambrogio Caccia Domin
    Read More
  • Tesmec’s new French connection
    April 24, 2015
    Italian infrastructure firm Tesmec has expanded its capabilities and its global reach with the acquisition of French company Marais Technologies on 27 March this year. The group, which supplies a range of technologies including trenchers for pipelaying and major infrastructure projects, was keen to make the most of its new French connection at Interbuild 2015. “France is one of the only markets that are investing in electrical cable and fibre,” said Tesmec chairman and chief executive Ambrogio Caccia Domin
    Read More

Highlighted Content