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

  • Korean bridge construction poses challenges
    April 5, 2012
    On South Korea's southern coast, an innovative highway sea crossing is providing many engineering challenges The new Busan-Geoje crosses from South Korea's second city to its biggest island and is slightly shorter than the 12km of the country's famous Incheon project. In addition the main cable stay bridge for the Busan-Geoje project has a 475m span rather than the 800m of the Incheon central span. However the 8.2km Busan-Geoje project faces perhaps greater technical challenges and also includes a second b
    Read More
  • The Fayat Group is seeing strong turnover in these strange times
    November 14, 2022
    Fayat Group president Jean-Claude Fayat discussed the firm’s business developments with Mike Woof
    Read More
  • Purdue University creates soybean sealant, Fluid iSoylator, for concrete
    October 9, 2015
    Researchers at Purdue University in the United States have developed a hydrophobic sealant that could prevent potentially damaging fluids from entering concrete pores. Paul Imbrock, founder and president of Environmental Concrete Products – the university’s spin-off company - said the firm’s Fluid iSoylator product can be used to protect new and existing concrete. "Our product is absorbed into dry concrete's pore network to create a hydrophobic barrier that prevents potentially damaging fluids from en
    Read More
  • Construction machine sales strong reports CECE
    March 17, 2016
    The European construction equipment market is performing relatively well in global terms. However striking regional disparities remain, according to the Annual Economic Report for 2016 from the European construction equipment manufacturing association, CECE. Data from the report shows that excluding Russia, the European market for construction machines grew by 3.5% in 2015 and it forecasts a slight increase in business for 2016.
    Read More

Highlighted Content