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

  • Kenya rehabilitates, widens, tolls Northern Corridor
    November 8, 2017
    A massive highway project in Kenya will boost transport for the country as well as its neighbours - Shem Oirere reports. Kenya has commenced the process of rehabilitating, expanding and tolling of 657km of East Africa’s Northern Corridor that is anchored on the Indian Ocean port of Mombasa and which links the gateway with landlocked countries of Uganda, Rwanda, Burundi and parts of eastern Democratic Republic of Congo (DRC).
    Read More
  • UK equipment exports and imports continue upwards trend
    August 24, 2017
    UK exports of construction and earthmoving equipment continued its upward trend in Q2 of 2017, showing growth for the fourth consecutive quarter. Overall, Q2 2017 levels were the highest for two years, since Q2 2015, according to the latest quarterly report from the UK’s CEA – Construction Equipment Association. Exports in Q2 2017, increased by 5.3% in weight terms (tonnage of machines) compared with Q1 2017 and 2% in monetary terms, reaching nearly €777 million (£714 million).
    Read More
  • Strong demand for German construction machines
    July 13, 2017
    Strong demand for construction machines is being reported by the German equipment manufacturing association, the VDMA. Its report says that following a good start to 2017, the upward trend has continued for the construction and building equipment industry.
    Read More
  • New axle joint venture for LiuGong and ZF
    September 12, 2012
    LiuGong and ZF are intensifying their cooperation by building a new joint venture axle company in Liuzhou. China’s construction equipment manufacturer, LiuGong and German drivetrain specialist ZF-Group established a joint venture called ZF Liuzhou Axle. The new company will produce wheel loader axles that are specially tailored for the requirements of the Chinese market. In the long run some 190 employees will be working at Liuzhou Axle Co. Ltd. and more than 30,000 of the newly designed axles will be deliv
    Read More

Highlighted Content