Titan inaugurates new Albanian plant

Titan inaugurates new Albanian plant
Published: 16 September 2010

Titan has officially opened its Antea cement factory located in the Boka e Kruja area of Albania.  ANTEA Cement is part of the TITAN Cement Group a multi-regional cement producer. European Bank for Reconstruction and Development (EBRD) and the International Financial Corporation (IFC) are also shareholders of Antea Cement.

Prime Minister of Albania, Mr. Sali Berisha honored and performed the inauguration ceremony in the company of senior government representatives, local authorities, ANTEA business partners, EBRD, IFC and ANTEA and TITAN officials.

Mr. Angelos Kalogerakos, General Manager of ANTEA Cement, in the ceremony of inauguration said to the invitees that “We have shown till now that our actions stand for our promises. We are committed to be a paradigm of best practices in the country and this is what we are going to do.”

“It is indeed a very special day. – said the Regional Director of TITAN Cement Group for SEE and Middle East, Mr. Michael Sigalas. We are here to officially inaugurate the materialization of a dream that started in 2005 and which has evolved to one of the most technologically advanced cement plants in the world.”

The Managing Director of TITAN Cement Group, Mr. Dimitri Papalexopoulos, in his speech during the inauguration ceremony stated: “We have made an important long term commitment in Albania because we believe in the future of the country.

As a serious industrial investor we want to make a profit for our shareholders, but we want to do it in a way that benefits all the stakeholders and the community.”

Mr. Sali Berisha during the ceremony stated that he was very pleased to be present in this industrial development for Albania. “The inauguration of this cement plant is an important event for Albania, it is very important for the development of the country, excellent technology has been applied and export procedures have been forecast.

It is undeniable that there are difficulties deriving from the worldwide financial crisis, but it is also a reality that the Albanian economy is a vibrant one, with an admirable growth rate. I am sure that Titan Group will soon produce in its maximal capacity. I guarantee that I will do all necessary efforts so that all the cement production be used locally to accelerate the construction and the development of the country. We will also make every possible effort or this product to be exported.”

Titan Cement Group has concluded within a short period of time the construction of one of the biggest industrial complexes in Albania, the Antea Cement factory. This significant investment amounted to EUR200m and is one of the most important in the country. The plant’s total output is 1.5Mta and it has the ability to cover the needs of the Albanian market as well as exports.