Akmenės cementas is the only Lithuanian cement manufacturing company. It produces over one million tons of cement annually.[3]
During the Soviet era, the enterprise produced three times the quantity of goods compared to the present day and held the position among the top three producers in the entirety of the Soviet Union.[4]
From 2006 to 2014, the company endeavored on its most extensive renovation to date, installing a news singular cement clinker burning facility to replace the two units that had been in operation for over four decades since the Soviet times. The updated technology now yields dry cement as opposed to wet. The newly erected chimney is measured at a towering height of 125 metres, ranking as one of the tallest structures in Lithuania.[5]
In 2021 the majority of the company was acquired by the holding company of Schwenk Zement, who will become the sole shareholder in mid-2024.[6]