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

  • New CEO plans global expansion for Pilosio
    April 15, 2016
    The new CEO of Pilosio, Johann Strunz, has some ambitious expansion plans for the euro45m-turnover company. The former managing director of Doka’s Austrian business plans to decentralise the Italian formwork and falsework specialist, with hubs in various regions in addition to its Italian headquarters. “We are moving from being a head-quartered company to a decentralised structure,” said Strunz. “We want to give power to the markets. They will decide on the pace and the headquarters will define the quali
    Read More
  • VDMA reports on construction machine business
    August 2, 2016
    The German construction equipment manufacturing association reports wide variations in business activity across different markets. Overall, the VDMA reports that for construction equipment, the 2016 growth forecast remains at over 3%. According to the VDMA, German construction equipment manufacturers remain cautiously optimistic at the middle of the year. “After a great bauma trade fair in April we are again in the midst of our daily business – which holds a number of challenges and uncertainties,” said
    Read More
  • Bridge formwork solutions complete big bridge picture
    July 2, 2014
    Advanced bridge formwork solutions are allowing contractors to complete vital major highway infrastructure projects covering Norway, Sweden, Estonia and Poland. Guy Woodford reports Building the Labbdalen bridges in Norway is a key feature of the E6 highway improvement programme. Main project contractor HÆHRE tasked RMD Kwikform and Teknikk with supplying a complete formwork and shoring solution that could tackle the challenging Norwegian terrain, whilst preserving the environment. Situated two hours
    Read More
  • China looking to export construction machines
    March 16, 2012
    Chinese firms are looking to develop overseas sales but are using very different strategies – Mike Woof reports. Aggressive expansion plans will see Chinese manufacturers boosting overseas sales in coming years. These companies are developing bigger sales profiles around the world, particularly in emergent markets such as Africa, the Middle East and Latin America. It is worth noting too that Chinese products continue to gain in terms of quality and performance. For LiuGong, Sany, Shantui, XCMG and Zoomlion
    Read More

Highlighted Content