Cement News tagged under: Greece
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 ... |
Titan Cement Group releases its 2021 Integrated Annual Report12 April 2022, Published under Cement NewsTitan Cement Group has published its 2021 integrated annual report, which outlines the group's financial, as well as environmental, social and governance (ESG) performance. Titan generated record revenues in 2021 and is well on track to achieve its ESG targets for 2025 and beyond, claims the company. Titan 2021 integrated annual report highlights • record group revenue of EUR1714.6m, up 6.7 per cent, reflecting higher demand and supportive pricing across all regions • increase of net... |
Titan Cement records revenue growth of EUR1714.6m in 202118 March 2022, Published under Cement NewsTitan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 per cent to EUR272.4m. Net profit after taxes and minorities (NPAT) climbed to EUR89.6m (EUR1.1m in 2020 and EUR50.9m in 2019). Thanks to a successful refinancing strategy the group lowered significantly its finance costs for a third consecutive year to EUR33.6m (EUR19m lower than 2020 and EUR30m lower than 2019). ... |
Dal Engineering Group delivers Greek rotary kiln shells14 January 2022, Published under Cement NewsLafargeHolcim contacted Dal Engineering Group to fabricate two kiln shells with diameters of 4.35m for its Milaki Cement plant in Greece. The delivery was completed on December 2021. Heracles Cement's order leaves the Dal Engineering workshop Meanwhile, Dal Engineering Group has announced that its DAL workshop currently has the biggest stress-relieving furnace in Europe, which has a maximum charging capacity of 150t/charge. Dal Engineering Group's new workshop ... |
Heracles completes Halyps Building Material aggregate and concrete acquisitions13 January 2022, Published under Cement NewsHeracles Group has announced the successful completion of the acquisition of Halyps Building Materials SAps aggregate and concrete businesses segments. In the aggregates business segment, the investment is expanding the geographical footprint of Heracles Group and strengthening its competitiveness in the dynamically growing market of Attica. Heracles Group will be able to offer a broader portfolio of aggregate products to be used in the production of concrete, asphalt concrete, cement, li... |
Titan Cement announces progress of share buyback22 December 2021, Published under Cement NewsTitan Cement International SA has announced the progress of its share buyback programme. The company and its subsidiary, Titan Cement Co SA, purchased 42,514 shares of Titan Cement International on Euronext Brussels and the Athens Stock Exchange in the period between 13 December until 20 December 2021. The value of the shares amounts to EUR575,484. Following the transactions, Titan Cement International owns 1,447,192 shares which represent 1.85 per cent of the voting rights. |
Titan to take CDP leadership role in fighting climate change15 December 2021, Published under Cement NewsTitan Cement Group has been recognised by CDP (formerly Carbon Disclosure Project) as a global climate leader for its transparency and actions to mitigate climate change and transition to a net zero economy. With an ‘A-‘ score, Titan Cement Group ranks in the top 15 per cent of publicly disclosing companies globally and is one of only five cement sector companies (out of 27) to achieve this level in 2021. In 2021 Titan Cement Group raised the bar even further by being... |
Titan Group reports 9M21 revenues of EUR1.26bn12 November 2021, Published under Cement NewsTitan Group's consolidated revenue for the first nine months of 2021 reached EUR1.26bn, posting a five per cent increase on the 9M20. Revenue growth in local currencies was 10.1 per cent, while EBITDA came under pressure to registering EUR219.6m, a 4.3 per cent decline. Revenue in the USA recorded a 8.7 per cent increase in US dollar terms in the first 9M21, translated into a corresponding increase of 2.1 per cent in euro terms to EUR731.3m. When compared to the 9M20, EBITDA softene... |
Titan Cement Group joins Business Ambition for 1.5°C14 October 2021, Published under Cement NewsTitan Cement Group signed 'Business Ambition for 1.5˚C', a global campaign led by the Science Based Targets initiative (SBTi) in partnership with the UN Global Compact and the We Mean Business coalition, joining a number of leading companies worldwide that are committed to keeping global warming to 1.5°C and reaching net-zero emissions by 2050. By signing Business Ambition for 1.5°C, Titan also joined the United Nations Framework Convention on Climate Change (UNFCC) 'Race to Zero' glob... |
Titan receives its first LNG tractor for cement transport07 October 2021, Published under Cement NewsTitan Cement Group has acquired its first liquefied natural gas (LNG) tractor for cement transport within Greece, a pilot action in collaboration with BlueFuel and the Sarakakis Business Group, importer of Volvo equipment. In addition to the reduction of operating and maintenance costs, through the use of LNG in heavy vehicles, a reduction of up to 25 per cent in CO 2 emissions is achieved. At the same time, the emissions of sulphur oxides and microparticles are eliminated, while NO x emi... |