On June 30, 2021, SCHWENK Building Materials (SCHWENK) group of companies acquired 50.4% stake in the Akmenės Cementas AB cement plant in Lithuania, in addition to its existing shares in this company. Thus, SCHWENK now owns 97% of the shares of Akmenės Cementas AB.
In addition, SCHWENK acquired over 75% of cement mining company Kalcitas AB and two cement terminals. The group will prioritize strengthening customer relationships and further improving the company's environmental standards through the use of alternative raw materials and fuels.
With the acquisition of Akmenės Cementas, the SCHWENK group owns two modern cement plants with high production capacity in Northern Europe and offers a wide range of sustainable and innovative building materials.
SCHWENK was founded in Ulm in 1847 and is one of the oldest family-owned companies in the German building materials industry. SCHWENK Building Materials employs approximately 4,500 people and operates in Central, Northern and Eastern Europe as well as Namibia.
Akmenės Cementas AB with a production capacity of about 1.8 million tons of cement per year is the only cement plant in Lithuania. In 2014, this plant was completely modernized. About 30% of the company's products are exported.
In addition, SCHWENK acquired over 75% of cement mining company Kalcitas AB and two cement terminals. The group will prioritize strengthening customer relationships and further improving the company's environmental standards through the use of alternative raw materials and fuels.
With the acquisition of Akmenės Cementas, the SCHWENK group owns two modern cement plants with high production capacity in Northern Europe and offers a wide range of sustainable and innovative building materials.
SCHWENK was founded in Ulm in 1847 and is one of the oldest family-owned companies in the German building materials industry. SCHWENK Building Materials employs approximately 4,500 people and operates in Central, Northern and Eastern Europe as well as Namibia.
Akmenės Cementas AB with a production capacity of about 1.8 million tons of cement per year is the only cement plant in Lithuania. In 2014, this plant was completely modernized. About 30% of the company's products are exported.
