Cement News tagged under: Titan

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RECODEH2020 carbon capture demonstration project at Kamari plant

02 August 2022, Published under Cement News

Greece’s first carbon capture project in a cement plant has begun with RECODEH2020 partners successfully launching the demonstration unit at TITAN Cement Group’s Kamari plant . Using ionic liquids (bare or amine-functionalised) as CO 2 adsorbents, the project reached CO 2 purity above 99 per cent during initial operation. Part of the captured CO 2 is converted to nanocalcite and other chemical compounds that can be used in cement manufacture, demonstrating the circular economy based on ...

TITAN Cement Group to scale Rondo Energy's decarbonisation technology

14 July 2022, Published under Cement News

TITAN Cement Group joins decarbonisation and electrification investment leaders, Breakthrough Energy Ventures and Energy Impact Partners, in supporting Rondo Energy (Rondo) through its recent Series A financing round for the scale-up of its innovative ‘heat battery’ technology, aiming to provide new solutions for decarbonising power generation and heavy industry, including cement manufacturing. The Rondo Heat Battery uses established industrial technologies to transform renewable ele...

Robust demand and pricing support 23% revenue advance for Titan in 1Q22

12 May 2022, Published under Cement News

Titan 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 ...

Cementarnica Usje sees 17% rise in profit

06 August 2021, Published under Cement News

North Macedonia’s Cementarnica Usje has seen a 17 per cent YoY rise in net profit to MKD686.8m (US$13.2m) in the first half of the year, while operating revenue increased 18 per cent to MKD2.5bn. Domestic sales advanced 11 per cent to MKD1.6bn and sales on foreign markets was up 44 per cent to MKD827.9m.

Florida: bolder, brighter, better

24 May 2021, Published under Cement News

Like all US states, Florida has been badly hit by the COVID-19 pandemic with tourist numbers plummeting as borders shut and lockdown measures were imposed. But pent-up demand in the housing market, strong infrastructure spending and a robust construction sector should deliver a notable uptick in cement consumption in 2021-23. Florida has been badly affected by the COVID-19 pandemic with tourist numbers in freefall. However, a brighter future lies ahead Florida’s US$1trn econo...

Titan America’s energy drive

18 May 2021, Published under Cement News

Titan Florida has garnered the coveted ISO 50001 certification for its Pennsuco (PNS) plant – the second certification for Titan America’s two US cement plants. PNS is the largest cement facility in Florida and recognised as one of the most environmentally friendly and efficient plants in the US. The two Titan facilities are the only cement plants in America to have reached the signature achievement. By Titan America LLC, USA. The only two cement plants in the USA that are ISO 50001 c...

Titan Group records increased 1Q volumes in the US and Greece

14 May 2021, Published under Cement News

Titan's 1Q21 regional results saw strong volume growth in the US, particularly in the Mid-Atlantic region, while the domestic market of Greece also had encouraging results with cement sales increasing on 1Q20. Solid price trends in the US testified to the pent-up demand and a more confident restarting of activity that reflects the economy's robust growth. Demand was stable in Florida, with divergent trends depending on geographies, while even a slow recovery was witnessed in New York, whi...

Cementarnica Usje reports 5% rise in profit

11 May 2021, Published under Cement News

North Macedonia's Cementarnica Usje (Titan group) has reported a 5.1 per cent YoY decline in net profit to MKD182.1m (US$3.6m) in the first quarter of 2021. However, operating revenue increased 9.4 per cent to MKD924.8m. Domestic sales advanced 9.6 per cent to MKD623.4m, while sales from foreign markets rose 24.3 per cent to MKD272.9m. Operating expenses grew 7.6 per cent YoY to MKD699.9m in the first quarter, as costs for materials were up by 84.9 per cent to MKD64.7m.

Titan's regional success

26 March 2021, Published under Cement News

Titan announced its 2020 financial results this week, reporting its highest EBITDA since 2010 at EUR286.2m.  The solid results come despite a challenging year amid the effects of the COVID-19 pandemic in its regional markets. Regional market overview The group's US operations were supported by market resilience as construction works were allowed to continue as an essential activity. Cement consumption in Florida benefitted from increased housing demand, partially offset by a downturn in ...

Cementarnica Usje BoD president resigns

22 January 2021, Published under Cement News

The president of the Board of North Macedonia-based Cementarnica Usje, Konstantinos Derdemezis, has resigned due to undisclosed reasons. The position will be filled by Yanni Paniaras until the next shareholders’ meeting, said the company in a bourse filing. Mr Paniaras is serving as delegated director in the Board of Directors of Greece-based Titan, Cementarnica Usje’s parent company.