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

  • Wacker Neuson record slight revenue drop in Q1 2013
    May 22, 2013
    The Wacker Neuson Group reported a slight drop in revenue and earnings for the first quarter of 2013 compared to the same three months of last year. The German construction equipment manufacturer says that a weak European economy was one of the main factors that dampened demand for light and compact construction equipment in Q1 2013. In addition, the Group’s strong performance in first quarter of 2012 is said to have resulted in an above-average baseline for comparison. At US$331.26 million (€257.1mn), Grou
    Read More
  • ConExpo Russia: Planning starts for 2009
    July 23, 2012
    The AEM says that its inaugural trade show in the Russian capital "exceeded expectations." Patrick Smith reports The first CONEXPO Russia, held in the capital Moscow, attracted some 6,000 attendees, according to the organisers. The Association of Equipment Manufactures (AEM) said after the inaugural event in September that more than 50% of the 2008 exhibition space had already been sold for the 2009 exposition. "Leading construction equipment companies from around the world that supported the first ever CON
    Read More
  • Italian construction machine firms see resurgence
    July 25, 2017
    The Italian construction machinery builders association, UNACEA, reports a resurgence in demand for equipment during 2017. According to UNACEA’s latest report, the first six months of 2017 have seen 5,109 machines sold in the Italian market, an increase of 6% compared to last year. Looking more closely, sales of earthmoving machines grew 6% with 4,910 machines sold, while sales of road equipment increased by 9% with 199 machines sold.
    Read More
  • Manufacturing body CECE issues positive results
    March 12, 2015
    The European construction equipment manufacturer’s association, CECE, has released its strongly positive Economic Report for 2014. According to this report, equipment sales in the European market grew by 9% in 2014. However a flat sales growth is forecast for 2015. The report says that 2014 was a troubled, yet good, year for the European construction equipment industry. Sales on the European market grew by 9% compared to 2013, highlighting slight growth in construction. The European construction equipment m
    Read More

Highlighted Content