Cement News tagged under: Titan Cement Co
Titan Cement Group joins Business Ambition for 1.5°C14 October 2021, Published under Cement NewsTitan Cement Group signed 'Business Ambition for 1.5˚C', a global campaign led by the Science Based Targets initiative (SBTi) in partnership with the UN Global Compact and the We Mean Business coalition, joining a number of leading companies worldwide that are committed to keeping global warming to 1.5°C and reaching net-zero emissions by 2050. By signing Business Ambition for 1.5°C, Titan also joined the United Nations Framework Convention on Climate Change (UNFCC) 'Race to Zero' glob... |
Titan receives its first LNG tractor for cement transport07 October 2021, Published under Cement NewsTitan Cement Group has acquired its first liquefied natural gas (LNG) tractor for cement transport within Greece, a pilot action in collaboration with BlueFuel and the Sarakakis Business Group, importer of Volvo equipment. In addition to the reduction of operating and maintenance costs, through the use of LNG in heavy vehicles, a reduction of up to 25 per cent in CO 2 emissions is achieved. At the same time, the emissions of sulphur oxides and microparticles are eliminated, while NO x emi... |
Titan forms joint venture with Terna Energy24 September 2021, Published under Cement NewsTitan Cement Group and Terna Energy, in a joint venture, will participate in the public tender process for the PPPs of the Mechanical & Biological Waste Treatment (MBT) plants in Attica and Central Macedonia. On 22 September the joint venture submitted letters of interest to participate in the first phase of the tender process for the MBTs of the Central Circular Economy Park in Attica and the Circular Economy Park of Piraeus, as well as the MBT of the western sector of Central Macedonia.... |
Titan Cement’s reports strong US and Greek revenues in the 1H2130 July 2021, Published under Cement NewsTitan Cement reported that in the USA the positive momentum in US fundamentals continued in the first half of the year. Revenue in the USA recorded a 10.2 per cent increase in US dollar terms in the 1H21 but was almost flat in euro terms (+0.8 per cent) at EUR479.3m. US EBITDA reached EUR81.2m, up by 1.9 per cent in US dollar terms but down 6.8 per cent in euro terms when compared with the 1H20. The discrepancy is due to higher maintenance costs in the 1H21 as well as increased logisti... |
Titan Cement International SA announces in consolidated revenues of EUR821.1m in 1H2130 July 2021, Published under Cement NewsTitan Group announced consolidated revenue amounted to EUR821.1m in the 1H21, up 4.4 per cent versus the 1H20, reflecting growing demand in most markets and a supportive pricing environment. Top line growth was held back by weaker US dollar and US dollar-linked currencies. In local currencies, growth was 11.7 per cent. Titan Group saw positive sales volume trends in all product lines. Group cement and clinker sales, including exports, increased by 11 per cent supported by higher demand ac... |
Titan Cement has SBTI validate its CO2 emission reduction targets16 July 2021, Published under Cement NewsTitan Cement group is one of the first cement companies worldwide to have its CO 2 emissions reduction targets validated by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement, following a thorough procedure. The targets, covering greenhouse gas emissions from Titan’s operations (scope 1 and 2), are consistent with required to keep warming to well below 2˚C. The SBTi has validated Titan’s commitment to: • Reduce scope 1 ... |
Titan's Greek plants gain Platinum rating for zero waste13 July 2021, Published under Cement NewsThe highest Platinum rating (Zero Waste) under the 'Zero Waste to Landfill' standard has been awarded to all of Titan's cement plants in Greece. The certification, carried out by Eurocert, reaffirms the excellent environmental performance of Titan's plants and rewards a practice already adopted to divert virtually 100 per cent of plant waste from landfill. This is achieved through initiatives taken to prevent the creation of waste and proper management to avoid landfilling. General Ma... |
Titan Group records revenues of EUR371m in 1Q2113 May 2021, Published under Cement NewsTitan Group's consolidated revenue reached EUR371m, down 3.6 per cent versus the 1Q20, penalised by the weaker US$ and US$-linked currencies, against otherwise solid organic growth trends. Revenue growth was 3.2 per cent in local currencies. EBITDA growth rose to EUR56.1m from EUR40.6m in 2020. In the 1Q21 net profit after taxes and minority interests grew to EUR15.3m, a EUR31m improvement against a EUR15.8m loss in the 1Q20 (which included EUR9m one-off mark to market losses on US$ in... |
Titan recycles landfilled fly ash12 May 2021, Published under Cement NewsSeparation Technologies (ST), a fully-owned Titan Cement Group US-based subsidiary, has introduced a new process to recycle fly ash from landfills. The recycled fly ash is then used to reduce the carbon footprint of cement and concrete products of Titan and ST’s clients. Launched by Titan and branded in the US as ProAsh and EcoTherm, these products can be used as sustainable raw materials in cement, concrete and power generation. "This breakthrough achievement represents Titan Ameri... |
Titan Cement Group releases 2020 integrated annual report13 April 2021, Published under Cement NewsTitan Cement Group has published its 2020 integrated annual report, which outlines the group's financial, as well as environmental, social and governance (ESG) performance. New ESG targets for 2025 and beyond have been set, underlining the group's enduring commitment to sustainability and value creation for all. An ambitious CO 2 reduction target is set at -35 per cent by 2030, compared to 1990 levels, with the group embracing the vision of the European Green Deal and the Global Ceme... |