Cement News tagged under: Greece
Titan records consolidated sales of EUR1662m in 9M2210 November 2022, Published under Cement NewsTitan Group's consolidated sales for the first nine months of 2022 reached EUR1661.8m posting a 31.6 per cent increase. Energy costs have seen their highest levels during the early part of the 3Q22. However, the group was able to both increase prices as well as work on improving the energy mix, achieving a higher EBITDA. In the 3Q22 EBITDA recorded a strong increase of 23.9 per cent versus EUR95.4m in the3Q21, while year-to-date EBITDA increased to EUR234.5m, 6.8 per cent above 2021. ... |
TITAN raises targets to limit global warming28 October 2022, Published under Cement NewsTITAN Group has not only reported robust decarbonisation results, it has also strengthened its commitment to net zero and updated its science-based CO 2 targets to levels aligned with limiting the global temperature increase to 1.5°C. According to the company, its new targets have been submitted to the Science Based Targets initiative (SBTi) for validation. In the third quarter of 2022, the group reduced its net CO 2 emissions by 5.5 per cent, or double the pace achieved in the equiva... |
Titan appoints new Group Executive Committee Chairman21 October 2022, Published under Cement NewsMarcel Cobuz has been appointed the new chairman of Titan’s Group Executive Committee. “As I take leadership of Titan Group , I would like to thank Dimitri Papalexopoulos for the excellent transition and look forward to working with him as Chair of the Board of Directors,” said Marcel Cobuz. “Big thanks to all my new colleagues around the world for making me feel at home. Together, we will continue the great work started in digitising and decarbonising the business and seize new op... |
TITAN Group's H2CEM wins IPCEI accreditation27 September 2022, Published under Cement NewsTITAN Group ’s H2CEM project for the production and use of green hydrogen in the cement industry is included in the second Important Project of Common European Interest (IPCEI) “Hy2Use". H2CEM, with a total budget of EUR60m, is currently the only project in the second IPCEI that concerns the use of hydrogen as a climate-neutral fuel for cement production. The project will contribute to TITAN Group’s target to improve the carbon footprint of its operations, supporting the European goal ... |
TITAN Cement Group launches CemAI13 September 2022, Published under Cement NewsTITAN Cement Group has launched CemAI, Inc (CemAI), an affiliate company providing the next-generation predictive maintenance solution based on artificial intelligence for the cement industry. The solution is a unique mix of a proprietary licensed software and a continuous monitoring and incident resolution service for entire cement manufacturing lines across the world, claims TITAN. Leveraging on the unique manufacturing experience and digital expertise of TITAN, which has created, succe... |
RECODEH2020 carbon capture demonstration project at Kamari plant02 August 2022, Published under Cement NewsGreece’s first carbon capture project in a cement plant has begun with RECODEH2020 partners successfully launching the demonstration unit at TITAN Cement Group’s Kamari plant . Using ionic liquids (bare or amine-functionalised) as CO 2 adsorbents, the project reached CO 2 purity above 99 per cent during initial operation. Part of the captured CO 2 is converted to nanocalcite and other chemical compounds that can be used in cement manufacture, demonstrating the circular economy based on ... |
TITAN Cement Group to scale Rondo Energy's decarbonisation technology14 July 2022, Published under Cement NewsTITAN Cement Group joins decarbonisation and electrification investment leaders, Breakthrough Energy Ventures and Energy Impact Partners, in supporting Rondo Energy (Rondo) through its recent Series A financing round for the scale-up of its innovative ‘heat battery’ technology, aiming to provide new solutions for decarbonising power generation and heavy industry, including cement manufacturing. The Rondo Heat Battery uses established industrial technologies to transform renewable ele... |
Titan Group donates to fire prevention programme04 July 2022, Published under Cement NewsTitan Group and the Pavlou and Alexandra Kanellopoulou Foundation (PAKF) are donating EUR1m towards the prevention and response to forest fires, the reconstruction programme of northern Evia, the elaboration of climate risk studies and the implementation of an education and awareness programmes for fire prevention. The contribution to the Reconstruction Programme of Northern Evia includes the allocation of two special vehicles of firefighting and civil protection for the region... |
Titan Cement announces management changes22 June 2022, Published under Cement NewsMarcel Constantin Cobuz is joining Titan Cement Group as a member of its executive committee from 1July 2022. He will also succeed Dimitri Papalexopoulos as chairman of the executive committee, effective from 15 October 2022. Mr Papalexopoulos will become chairman of Titan’s board of directors, taking over the role from Mr Arapoglou on 1 January 2023. Mr Cobuz, a French and Romanian national, brings with him more than 20 years’ experience in the building and infrastructure mate... |
Robust demand and pricing support 23% revenue advance for Titan in 1Q2212 May 2022, Published under Cement NewsTitan Cement International SA has announced a 22.6 per cent YoY increase in revenue to EUR454.6m in the opening quarter of 2022. This has been attributed to strong pricing across all products and countries, and resilient demand. EBITDA over the same period came in at EUR46.4m, down 17.3 per cent YoY as the phasing in of higher prices only gradually absorbed the increase in energy and input costs. According to the company, further price increases have already been announced in most markets ... |