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

  • D&A Heavy Industries launch quartet of breakers at INTERMAT 2015
    April 23, 2015
    Korean company D&A Heavy Industries has unveiled four new hydraulic breakers at INTERMAT 2015. The models – D&A 650V, D&A 700V, D&A 750V, and D&A 1200V - range from 10-22tonnes in operating weight and are for excavator sizes 45-80tonnes, 58-100tonnes, 60-100tonnes, and 85-140tonnes respectively.
    Read More
  • Smiley Monroe’s ambitious growth path
    March 11, 2017
    Smiley Monroe, manufacturers of customised conveyor belts and rubber parts for the crushing, screening, recycling, road construction and environmental industries, is due to open a second distribution hub next month, supporting the highly successful initial €950,000 (US$1 million) hub opened in 2014. Speaking at CONEXPO-CON/AGG 2017 in Las Vegas, U.S. (7-11 March), Tim Monroe, the Northern Ireland-based firm’s marketing director, said Smiley Monroe was forecasting growth of 5-10% in 2017, off the back of ri
    Read More
  • Innovative formwork from Weckenmann
    March 15, 2016
    Weckenmann Anlagentechnik says the response from selected customers was exceptionally positive, when it presented its “innovative concept” of transportable formwork, the Mobile Battery Mould (MBM). It is a system for the production of precast concrete elements in the immediate vicinity of the construction site, and Weckenmann Anlagentechnik says that two large construction companies in Singapore opted for the MBM concept independently of one another. Both production plants have started operations successful
    Read More
  • Innovative formwork from Weckenmann
    January 6, 2017
    Weckenmann Anlagentechnik says the response from selected customers was exceptionally positive, when it presented its “innovative concept” of transportable formwork, the Mobile Battery Mould (MBM). It is a system for the production of precast concrete elements in the immediate vicinity of the construction site, and Weckenmann Anlagentechnik says that two large construction companies in Singapore opted for the MBM concept independently of one another. Both production plants have started operations successful
    Read More

Highlighted Content