Cement News tagged under: Greece
Titan Cement Group sets new ESG targets for 202519 March 2021, Published under Cement NewsTitan Cement Group has released its Environmental, Social and Governance (ESG) targets for 2025 and beyond. The targets include an updated, more ambitious, CO 2 reduction goal for 2030, aligned with the vision of the European Green Deal to achieve climate neutrality by 2050. "We are building on our strong track record on sustainability and aspire to increase our positive impact on people, society, and the environment. We are committing to ambitious targets that aim to generate more valu... |
Titan Cement to install new precalciner at Kamari plant17 March 2021, Published under Cement NewsTitan Cement is investing EUR25m at its Kamari cement plant, Viotia, Greece. The project will see a new precalciner in operation by 2022. The modernisation will reduce CO 2 emissions, contribute to the waste management solutions in Attiki, and increase the plant’s competitiveness. Specifically, this upgrade will significantly increase the Kamari plant’s capacity for using alternative fuels, substituting in large part the fossil fuels necessary for the operation of its kilns. Follow... |
Titan Cement Group enters strategic partnership with FLSmidth24 November 2020, Published under Cement NewsGreece-based Titan Cement Group has signed a new 2.5 year service agreement with FLSmidth that will put sustainability, digitalisation and productivity at the top of the agenda as the cement group aims to achieve best practice implementation across its plants in Europe, Africa and the Americas. The agreement gives Titan full access to FLSmidth’s extensive process- and technical knowhow and assistance services, covering the entire plant operations from on-site plant inspections and remote s... |
Titan Group reports revenues of EUR1202m in 9M2012 November 2020, Published under Cement NewsTitan Group announced its consolidated revenue totalled EUR1202.4m for the 9M20, a marginal decline of 0.5 per cent when compared with the revenue in the 9M19. Operating profitability (EBITDA) in January-September 2020 rose by 10.1 per cent to EUR229.4m. Net profit after taxes and minorities in the 9M20 was EUR58m compared to EUR45.2m in 9M19. In the 3Q20 Titan Group’s revenue fell by 1.7 per cent compared to the 3Q19 at EUR416m, while group EBITDA in the 3Q20 grew by 7.4 per cent to EUR9... |
SRF factory planned at Volos16 July 2020, Published under Cement NewsA new solid recovery fuel (SRF) plant is, under discussion in Volos, Greece. The new facility would supply RDF to the cement industry, but the plans face local opposition over pollution concerns. The Volos cement factory is owned by Heracles Cement (LafargeHolcim) and with a capacity of 4.9Mta is one of Europe's largest cement plants. The cement plant already coprocesses municipal waste and has a permit to burn up to 200,000tpa of RDF and 60,000t of sewage sludge. The cement plant wants to... |
Titan Global Finance Plc makes EUR250m notes offering03 July 2020, Published under Cement NewsTitan Global Finance Plc, subsidiary of Titan Cement International SA, has made a EUR250m notes offering that will mature in 2027, with a 2.75 per cent coupon per annum. The orders in the book were above two times the nominal amount of the issue and the application will be made to the Irish Stock Exchange plc, trading a Euronext Dublin. The closing date is set for 9 July 2020. The proceeds of the notes will be used by the issuer to purchase some or all of the EUR300m with a coupon of 3.5 pe... |
Titan issues notes for general purposes, including bank debt repayment30 June 2020, Published under Cement NewsTitan Global Finance plc, a subsidiary of Titan Cement International SA, is inviting holders of its 3.500 per cent guaranteed notes due June 2021, originally issued in an aggregate principal amount of EUR300m and of which EUR287m remains outstanding, to tender any or all of their notes for purchase by the offeror of cash. The offeror will pay a cash purchase price equal to EUR1016 per EUR1000 in principal amount of the notes validly tendered and accepted for purchase, plus any accrued and un... |
Titan posts rise in 5M EBITDA26 June 2020, Published under Cement NewsTitan Group reported a drop in consolidated revenue by 2.1 per cent to EUR641.8m in the January-May 2020 period, following a 6.1 per cent growth in the 1Q20 and a subsequent slowdown in April and May during the peak of the coronavirus pandemic. However, EBITDA rose by 5.5 per cent to EUR97.3m thanks to a reduction in costs, mainly due to lower fuel costs. Titan's net profit after taxes and minorities was down 9.1 per cent YoY to EUR3.5m. With construction considered an essential activity ... |
Titan successfully navigates pandemic in first quarter15 May 2020, Published under Cement NewsThis week Titan Group released its 1Q2020 business results which saw the group's revenues rise by 6.1 per cent to EUR384.8m , compared to 1Q19. ICR looks a little closer now at how the group's operations have been performing. Dimitris Papalexopoulos, chairman of the group, said: "The Group successfully navigated the first phase of the [COVID-19] crisis. Since the first emergence of the pandemic which appeared in our countries of operation in early to mid-March, our first focus has been to... |
Titan Group sees 6% revenue increase in 1Q2014 May 2020, Published under Cement NewsBased on robust US demand and resilience of markets in the eastern Mediterranean, Titan Group's consolidated revenue increased in the 1Q20 by 6.1 per cent, reaching EUR384.8m, despite the slowdown of business due to COVID-19 since mid-March. EBITDA declined by EUR3.7m, or 8.5 per cent YoY, reaching EUR40.6m, mainly due to the advanced costs of about EUR10m associated with the earlier timing of the plant maintenance in Florida (completed in 2Q19). Preliminary April year-to-date financials ... |