Cement News tagged under: Greece
Titan Cement’s reports strong US and Greek revenues in the 1H2130 July 2021, Published under Cement NewsTitan Cement reported that in the USA the positive momentum in US fundamentals continued in the first half of the year. Revenue in the USA recorded a 10.2 per cent increase in US dollar terms in the 1H21 but was almost flat in euro terms (+0.8 per cent) at EUR479.3m. US EBITDA reached EUR81.2m, up by 1.9 per cent in US dollar terms but down 6.8 per cent in euro terms when compared with the 1H20. The discrepancy is due to higher maintenance costs in the 1H21 as well as increased logisti... |
Titan Cement International SA announces in consolidated revenues of EUR821.1m in 1H2130 July 2021, Published under Cement NewsTitan Group announced consolidated revenue amounted to EUR821.1m in the 1H21, up 4.4 per cent versus the 1H20, reflecting growing demand in most markets and a supportive pricing environment. Top line growth was held back by weaker US dollar and US dollar-linked currencies. In local currencies, growth was 11.7 per cent. Titan Group saw positive sales volume trends in all product lines. Group cement and clinker sales, including exports, increased by 11 per cent supported by higher demand ac... |
Titan's AI optimiser is rolled out across its portfolio23 July 2021, Published under Cement NewsTitan is creating the smart cement plant of the future with a multitude of cutting-edge solutions leveraging the power of artificial intelligence (AI), in the context of the group’s digital transformation journey, including the roll-out of its fully-autonomous, real-time optimisers for the entire cement production line. Initially launched at Pennsuco cement plant in the USA starting in late 2017 with a revolutionary prototype, one of the first AI systems to be used in cement production, t... |
Titan Cement has SBTI validate its CO2 emission reduction targets16 July 2021, Published under Cement NewsTitan Cement group is one of the first cement companies worldwide to have its CO 2 emissions reduction targets validated by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement, following a thorough procedure. The targets, covering greenhouse gas emissions from Titan’s operations (scope 1 and 2), are consistent with required to keep warming to well below 2˚C. The SBTi has validated Titan’s commitment to: • Reduce scope 1 ... |
Titan's Greek plants gain Platinum rating for zero waste13 July 2021, Published under Cement NewsThe highest Platinum rating (Zero Waste) under the 'Zero Waste to Landfill' standard has been awarded to all of Titan's cement plants in Greece. The certification, carried out by Eurocert, reaffirms the excellent environmental performance of Titan's plants and rewards a practice already adopted to divert virtually 100 per cent of plant waste from landfill. This is achieved through initiatives taken to prevent the creation of waste and proper management to avoid landfilling. General Ma... |
Heracles Group obtains EDP accreditation04 June 2021, Published under Cement NewsLafargeHolcim-owned Heracles Group has become the first cement company in Greece to obtain Environmental Product Declarations (EDPs) for all cement types produced in its plants in Volos and Milaki, Evia. Through the EDPs for all cement products (bagged and bulk), covering both the domestic and international markets, Heracles Group brings innovation, climate-neutrality and implementation of circular economy principles to natural resources to the construction market. Being fully consistent ... |
Heracles reports static turnover of EUR188.5m in 202026 May 2021, Published under Cement NewsHeracles Group of Companies ’ (LafargeHolcim group) turnover in Greece remained almost unchanged in 2020 compared to 2019 when the company first returned to profitability after 10 years . It reached EUR188.5m in 2020 compared to EUR188.8m in 2019. The company’s EBITDA increased by 36 per cent to EUR35.5m in 2020 compared to EUR26.1m in 2019 and net earnings increased by 109 per cent to EUR9.6m in 2020 compared to EUR4.6 m in 2019. Investments in tangible and intangibl... |
Titan Group records increased 1Q volumes in the US and Greece14 May 2021, Published under Cement NewsTitan's 1Q21 regional results saw strong volume growth in the US, particularly in the Mid-Atlantic region, while the domestic market of Greece also had encouraging results with cement sales increasing on 1Q20. Solid price trends in the US testified to the pent-up demand and a more confident restarting of activity that reflects the economy's robust growth. Demand was stable in Florida, with divergent trends depending on geographies, while even a slow recovery was witnessed in New York, whi... |
Titan Group records revenues of EUR371m in 1Q2113 May 2021, Published under Cement NewsTitan Group's consolidated revenue reached EUR371m, down 3.6 per cent versus the 1Q20, penalised by the weaker US$ and US$-linked currencies, against otherwise solid organic growth trends. Revenue growth was 3.2 per cent in local currencies. EBITDA growth rose to EUR56.1m from EUR40.6m in 2020. In the 1Q21 net profit after taxes and minority interests grew to EUR15.3m, a EUR31m improvement against a EUR15.8m loss in the 1Q20 (which included EUR9m one-off mark to market losses on US$ in... |
LafargeHolcim makes Greek acquisitions05 May 2021, Published under Cement NewsGreece-based Heracles Group (LafargeHolcim) has signed an agreement with HeidelbergCement’s Halyps subsidiary, which will see Heracles acquire its aggregates business and two ready-mix concrete plants in Athens, Greece. The acquisition will strengthen the company’s position to support Athens’ thriving metropolitan area and key infrastructure projects with sustainable building solutions, according to a press release. This is LafargeHolcim’s fifth bolt-on acquisition in 2021. "I am excited ... |