Cement News tagged under: Greece
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... |
Titan sets out growth targets for 202602 October 2023, Published under Cement NewsMembers of T itan Cement International SA’ s management team have presented the company’s strategic directions and growth targets set for 2026, that aim to shape the future of the group and drive long-term stakeholders’ value. Based on a performance-driven local operating model and supported by fast-paced execution, the company sets its strategic priorities for capturing green growth during the period 2023-26. “ Strengthen the portfolio by growing our US and Europe attractive positions... |
Titan and Orcan Energy form clean energy partnership27 September 2023, Published under Cement NewsTitan Cement Group and Orcan Energy, the leading cleantech company turning waste heat into clean electricity, have announced an innovation partnership. Together, the partners will explore the development and deployment of an innovative modular clean energy solution that will convert waste heat into clean and affordable electricity. This efficient solution has the potential to accelerate project implementations and at the same time reduce costs, Claims Titan. Samir Cairae, CTO of Titan , ... |
Lafarge Greece uses Artevia® for Smart Park landscape19 September 2023, Published under Cement NewsThe discount Smart Park in the Spata region of Attica is the first hybrid discount park in Greece with a total surface area of 9.1 acres, of which three have been landscaped into green areas. The industrial aesthetics and the innovative design of the space were highlighted with the architectural Artevia ® Desactive concrete, which covered more than 10,000m 2 . “The Artevia ® architectural / decorative concrete range exceeds the limitations of traditional building materials by combinin... |
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... |
TITAN Group supports "The Ellinikon project"01 September 2023, Published under Cement NewsTITAN Group 's state-of-the-art ready-mix concrete unit has contributed to the realisation of "The Ellinikon project" in Greece, optimising its cement and aggregates supply chain for one of Europe’s most iconic infrastructure projects. TITAN Group is offering on-site innovative, low-carbon products and tailored solutions for the Ellinikon, along with expert advice on the use of innovative materials and circular solutions. One notable aspect of TITAN’s contribution to the projec... |
Titan commits to a greener future04 August 2023, Published under Cement NewsThis week we take a look at Titan Group's 2022 Sustainability Report. The vertically-integrated Greek building materials company has a global presence, stretching from Brazil and the USA to Europe, the Mediterranean and Egypt. During 2022 the company invested approximately EGP67m (US$2.16m) in improving environmental management systems. It has prioritised dust control systems, increased waste recycling of by-pass gas and has shifted to low-carbon products. It also has mid- to long-term goals... |
Titan Group announces 1H23 consolidated sales of EUR1229m27 July 2023, Published under Cement NewsTitan Group ’s consolidated sales for the H123 surpassed the EUR1.2bn (US$1.335bn) level, reaching EUR1229m, increased by 18.7 per cent versus the 1H22. EBITDA increased to EUR241.2m compared with EUR136.3m in the 1H22, an increase of 77 per cent, with profitability margins expanding, as investments implemented during the last two years are progressively improving cost performance. Group EBITDA over the past 12-month period (July 2022-June 2023) reached EUR436m. Net profit after taxes a... |
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 reports a robust 1Q performance11 May 2023, Published under Cement NewsTitan Cement International SA saw a “very strong start to the year” with first-quarter 2023 sales up 29.3 per cent YoY to EUR588.1m, driven by increased demand in some key markets due to mild weather conditions and good pricing performance. EBITDA saw a 131 per cent jump to EUR107.1m when compared with a low-base 1Q22. The margin expanded due to sales growth, cost performance reflecting the benefits from investment projects as well as an improved energy mix with higher alternative fuel u... |