Cement News tagged under: Titan
Titan has released its Integrated Annual Report 202329 March 2024, Published under Cement NewsTitan has released its integrated annual report 2023 (IAR), which outlines the group’s financial, as well as environmental, social, and governance (ESG) performance. 2023 was a year of record-breaking performance, increased shareholder returns and long-term stakeholder value creation, in line with its Green Growth Strategy 2026. These accomplishments underscore TITAN's commitment to sustainability, innovation, and customer-centricity, said the company. In line with its Strategy 2026, TITA... |
Titan reports record EBITDA growth of EUR540m in 202318 March 2024, Published under Cement NewsTitan reported record EBITDA in 2023 reaching EUR540.3m, up by 63.1 per cent, achieving margin expansion. All regions posted double-digit profitability growth, thanks to increased sales across all main products, firm pricing, operational efficiencies and improved performance of energy costs, said a company statement. Group sales in 2023 totalled EUR2547m, a 11.6 per cent increase compared to the previous year, while EBITDA grew by 63.1 per cent YoY, reaching EUR540.3m. The group's net profi... |
Titan endorses Antwerp Declaration for a European Industrial Deal11 March 2024, Published under Cement NewsTitan has endorsed the Antwerp Declaration calling for an EU Industrial Deal that will complement the EU Green Deal, and will ensure the sustainable growth and competitiveness of the European economy. The declaration, an outcome of a European industry summit that was held in Antwerp, Belgium, on 20 February 2024, has been signed by more than 630 businesses in 20 sectors. It emphasises the industry's commitment to Europe's transformation and outlines the urgent need to enhance the continen... |
TITAN acquires pozzolana quarry31 January 2024, Published under Cement NewsTITAN Cement International (TCI) has acquired concession rights in Vezirhan Pozzolana Quarry, in East Marmara, Turkey. The acquisition will expand the portfolio of low-carbon cementitious products available to its customers. This reinforces TITAN's 2026 growth strategy, which focusses on doubling the volume of green cements and expediting the market launch of new green products and cementitious solutions. The current acquisition follows the one of a participation in Aegean Pe... |
TITAN announces IFESTOS grant agreement with EU Innovation Fund19 December 2023, Published under Cement NewsTITAN has signed a Grant Agreement with the EU Innovation Fund for IFESTOS, its pioneering carbon capture project in Greece, following its selection in July, in the context of the fund’s third call for large-scale projects. The EU Innovation Fund, one of the world’s largest funding programmes for innovative low-carbon technologies, will support TITAN's project with a grant of EUR234m. IFESTOS is poised to accelerate the green transformation of the Greek building materials industry and ... |
Titan announces 14% sales rise in 9M2310 November 2023, Published under Cement NewsTitan 's group sales in the 9M23 increased by 14 per cent to EUR1892m YtD driven by increased volumes in all its regions and by solid pricing levels. Group EBITDA reached EUR397m YtD, up by 72 per cent as the group’s margins restored. Net profit more than doubled in the YtD to EUR198m. The group’s nine-month 2023 net profit after taxes and minority interests (NPAT) more than doubled, reaching EUR197.6m, compared to the EUR89.1m recorded in the same period in 2022. Growth-oriented capital... |
Cementarnica Usje sees 9M net profit up 77%01 November 2023, Published under Cement NewsNorth Macedonia-based Cementarnica Usje , owned by Greek cement producer Titan, reported 77 per cent YoY increase in net profit to MKD1.1bn (US$19m) in the January-September 2023 period. The company’s operating expenses declined 17 per cent YoY to MKD3.4bn in the 9M23 as material costs fell 23 per cent YoY to MKD1.9bn. It total operating revenue slipped by two per cent YoY to MKD4.8bn in the 9M23. |
TITAN expands investment in Rondo Energy14 September 2023, Published under Cement NewsTITAN has expanded its existing investment in Rondo Energy, a US-based pioneer in zero-carbon industrial heat solutions. In collaboration with other global leaders, TITAN's contribution has empowered Rondo Energy to secure an impressive US$60m in funding. This infusion of capital is primed to speed up the rollout of Rondo Heat Batteries worldwide and transform the global energy storage market. In addition to its financial support, TITAN has solidified its involvement by joining Rondo's S... |
IFESTOS CCUS project to receive EU commission grant14 July 2023, Published under Cement NewsThe EU Commission has selected IFESTOS for grant agreement preparation for the third call for large-scale projects under the EU Innovation Fund. IFESTOS is TITAN Group’s groundbreaking Carbon Capture project in Greece. Marcel Cobuz, chairman of the Group Executive Committee of TITAN Group, stated: "We are truly excited that the Commission has chosen to support our large-scale, highly innovative project. IFESTOS is a cornerstone of our accelerated decarbonisation roadmap to net-zero. In ... |
TITAN buys minority stake in Aegean Perlites14 February 2023, Published under Cement NewsTITAN Cement International (TCI) is advancing its growth strategy by taking a participation in Aegean Perlites and partnering with its majority shareholder family, thereby securing the long-term pozzolan sourcing needs of the group. Aegean Perlites operates perlite and pozzolan quarries on the Greek island of Yali , which has substantial high-quality reserves, including access to port loading facilities for sea-borne distribution worldwide. Through this participation, TITAN is gaini... |