Cement News tagged under: Titan
Titan America to be listed in US equity market13 May 2024, Published under Cement NewsTitan Cement International has announced its intention to proceed with the IPO of its US business ( Titan America ), with the aim of raising funds that will facilitate the group’s and Titan America’s future growth. Titan America, a US$1.6bn sales business, is a leading and fully integrated player in the high-growth economic regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey. According to the company... |
Titan Group named a 'Climate Leader'02 May 2024, Published under Cement NewsTitan Group has been recognised as one of ‘Europe’s Climate Leaders’ in the fourth edition of the prestigious list published by the Financial Times. Titan’s inclusion on the list underscores its enduring commitment to environmental stewardship and sustainable business practices, according to the company. “Furthermore, it highlights the company's accelerated progress towards achieving net zero, in alignment with its Green Growth Strategy 2026,” it adds. The criteria for selection emphas... |
Usje sees 58% jump in net profit in 1Q2401 May 2024, Published under Cement NewsCementarnica Usje AD of North Macedonia, part of the Titan group, reported a six per cent increase in domestic sales to MKD840.2m (US$14.6m) in the 1Q24 while export sales are up seven per cent YoY to MKD348.1m. The company also posted a three per cent YoY increase in operating revenue to MKD1.2bn in the first three months of 2024. Operating costs were down 10 per cent to MKD812.7m. As a result, net profit surged 58 per cent YoY to MKD299.9m. |
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. |