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

  • America faces another major highway funding crisis says TCC
    October 3, 2014
    The United State is facing yet another national highway funding crisis as the country’s new fiscal year begins. Despite the fact that October 1 marked the beginning of America’s new financial year, Congress has still not passed or approved the funding for a new long-term surface transportation measure. This is really worrying the 31-member-strong Transportation Construction Coalition (TCC) which is arguing that a “failure to act” will “lead to another self-imposed funding crisis that would undermine vital r
    Read More
  • Concrete in the Philippines
    October 17, 2022
    The booming construction sector in the Philippines is said to be fuelling strong demand for concrete batching plants
    Read More
  • Nigerian asphalt producer increasing capacity with Sandvik plant
    June 30, 2014
    In Nigeria a major asphalt producer is increasing production capacity to cope with growing demand for its materials Nigeria is developing its road and highway network, which has triggered greater demand for quality aggregates and asphalt for construction. Producer Asphalt Unity Construction is now meeting this demand with its purchase of new mobile equipment from Sandvik Construction.
    Read More
  • EU transport to grow until 2020
    September 3, 2012
    A study indicates that road transport for passengers and goods will keep its pivotal role among other modes like rail or inland waterways
    Read More

Highlighted Content