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

  • Growth expected for US construction market
    December 6, 2018
    A new report from the American Road & Transportation Builders Association (ARTBA) predicts growth for the US construction market in 2019. The US transportation infrastructure market is expected to grow 4.2% in 2019, according to ARTBA’s annual economic forecast.
    Read More
  • Norway's bridge meets tough environmental targets
    May 2, 2012
    One of the world's longest bridges is being built in Norway – for traffic volumes of just 2,000 cars/day reports Adrian Greeman. The stunning landscape of the long sea fjords in Norway is one of its glories, attracting thousands of tourists every summer. But the high mountains and deep sea inlets are also one of the great obstacles to transport and development.
    Read More
  • Norway's bridge meets tough environmental targets
    February 27, 2012
    One of the world's longest bridges is being built in Norway – for traffic volumes of just 2,000 cars/day reports Adrian Greeman. The stunning landscape of the long sea fjords in Norway is one of its glories, attracting thousands of tourists every summer. But the high mountains and deep sea inlets are also one of the great obstacles to transport and development.
    Read More
  • Wacker Neuson sees strong future for sales
    April 24, 2018
    Wacker Neuson is seeing strong financial performance as demand for construction machines continues to improve. While expanding production worldwide, the company is also making a strong investment in research and development, for refining products and designing new models. CEO Martin Lehner said: “We want to focus on innovation. This is what drives us forward. There are two main points for us on products, one is zero emissions and another is on digitalisation.” The company has been heavily reliant on the
    Read More

Highlighted Content