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

  • Mega city transport in Mexico
    June 13, 2012
    Rapid urban growth is resulting in massive mega cities with major transport needs and Mexico City is one of the world’s largest – Mike Woof reports Mexico City is a vast, sprawling metropolis and one of the world’s largest cities, resulting in huge problems for its inhabitants, particularly with regard to infrastructure. Measuring population size is an inexact science for large cities as suburban areas can add to the figures considerably, especially in developing nations where unplanned expansion is as comm
    Read More
  • Diamond in the Pearl: China’s Hong Kong-Zhuhai-Macao Bridge complex
    March 8, 2018
    People in the Pearl River Delta are celebrating the Chinese New Year with the imminent opening of the Hong Kong-Zhuhai-Macao Bridge. David Arminas reviews progress. China’s Spring Festival, or Lunar New Year, is celebrated with the usual enthusiasm and spectacular fireworks. But celebrations will be particularly joyous for many people in the southern Pearl River Delta. The soon-to-be-open Hong Kong-Zhuhai-Macao Bridge (HZMB) will slash travel time between the Hong Kong Special Administrative Region, Zhuh
    Read More
  • International construction economic forum event
    September 13, 2013
    A major event is planned that will provide a forum for attendees considering economic factors in construction. The International Construction Economic Forum is being held in the Netherlands from the 20th-22nd November 2013. The 2013 International Construction Economic Forum (ICEF) will be run in the Hotel Okura in Amsterdam. The conference, networking event and awards dinner will focus on core themes of trends and forecasts in the global construction industry, project finance, successful project management
    Read More
  • Revenue holds steady for Wacker Neuson in 2016
    March 16, 2017
    Wacker Neuson said that it managed to keep 2016 revenue stable despite challenging market conditions but profitability was impacted by crises in key markets. The company is positive about 2017 and expects revenue and earnings to grow again. Revenue for 2016 was €1.36 billion, up only 0.3% on 2015. Profit was negatively affected by crises in emerging markets and industries as well as a number of one-off effects, the company said. Profit before interest and tax (EBIT) contracted 15% to just over €88
    Read More

Highlighted Content