Cement News tagged under: Greece
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... |
Titan plans three-fold increase of green products portfolio14 April 2023, Published under Cement NewsTitan Cement announced the arrival of its 2022 annual report this week. Its overall customer focus will see the producer shift its operations to produce even more green products. In its current portfolio, 19.5 per cent of its products are green, but by 2030 Titan Cement aims to raise this to 62 per cent. "We aim to continue building great teams, maintain profitable growth and become one of the safest, most customer-friendly, innovative, digitalised and green businesses in the construction m... |
Titan reports on record 202211 April 2023, Published under Cement NewsTitan Cement Group has published its 2022 Integrated Annual Report, which outlines the group’s financial, as well as environmental, social and governance (ESG) performance. According to the company, 2022 was a year of record sales and strong profitability growth in all markets and significant progress towards the group’s ESG targets for 2025 and beyond. In terms of its financial performance, 2022 was the second consecutive year of record group sales at EUR2282.2m, up 33.1 per cent YoY... |
Heracles Group set to acquire Larsinos SA07 March 2023, Published under Cement NewsHeracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include commercial plants, on-site/jobsite ready-mix concrete, aggregates and quarrying. With this acquisition, in the ready-mix concrete sector, Heracles Group expands ... |
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... |
Titan introduces low-carbon cements to southeast Europe01 February 2023, Published under Cement NewsTitan Group has introduced three novel lower-carbon types of cement to the markets of Serbia, Albania and Kosovo, expanding its green offerings to southeastern Europe. In line with Titan group's CO 2 -reduction targets and its commitment to increasing the share of green products in our portfolio to over 50 per cent by 2030, Titan Group is offering its customers construction sustainable solutions. The new cement in Serbia is the first within the group to receive certification under the new E... |
Titan announces increase in EBITDA after strong 4Q2225 January 2023, Published under Cement NewsTitan Cement has issued a trading update ahead of the group’s full-year results on 22 March 2023, as the preliminary results for EBITDA in the fourth quarter of 2022 are significantly higher compared to market consensus. According to the company, the 4Q22 was very strong for the Titan Cement Group. Sales activity and revenues remained robust while energy costs, as a result of cost-saving actions and market conditions, declined. As a result, preliminary EBITDA for the quarter is EUR98m,... |
Titan plant constructs first 3D-printed Greek house09 December 2022, Published under Cement NewsThe first 3D-printed concrete house in Greece is being printed at TITAN Elefsina cement plant , by TITAN and its partners – Sika Hellas, Cos Hellas Ltd, and the National Technical University of Athens. The consortium successfully developed, produced, and operated the first 3D printer for construction in Greece as part of the 3BUILD research project. “ 3BUILD creates a pioneering, modular and lightweight printer, which can construct concrete buildings and infrastructures with a high... |
TITAN updates its 2030 greenhouse gas emission reduction targets11 November 2022, Published under Cement NewsTITAN Group has updated 2030 greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi) as consistent with the levels required to limit the global temperature increase to 1.5°C. By 2030 TITAN Group commits to reduce Scope 1 (gross), 2 and 3 (gross) GHG emissions covering produced and purchased cement and clinker, by 25.1 per cent per tonne of cementitious product sold by 2030, from a 2020 base year (the target boundary incl... |
Titan records consolidated sales of EUR1662m in 9M2210 November 2022, Published under Cement NewsTitan Group's consolidated sales for the first nine months of 2022 reached EUR1661.8m posting a 31.6 per cent increase. Energy costs have seen their highest levels during the early part of the 3Q22. However, the group was able to both increase prices as well as work on improving the energy mix, achieving a higher EBITDA. In the 3Q22 EBITDA recorded a strong increase of 23.9 per cent versus EUR95.4m in the3Q21, while year-to-date EBITDA increased to EUR234.5m, 6.8 per cent above 2021. ... |