Cement News tagged under: Titan Cement

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Titan records 8% advance in revenue for 2019

20 March 2020, Published under Cement News

Greece-based Titan Cement has seen its group consolidated revenue advance eight per cent to EUR1.609bn in 2019, compared with EUR1.49bn in the previous year. EBITDA also increased 2.8 per cent YoY to EUR267.1m from EUR259.7m. "We are well placed to simultaneously navigate the market cycles of our business and participate in the major transformational changes that will affect our sector and beyond, focusing on operational excellence and profitability, as well as on adaptability, agility and...

Alexandria Development seeks 100% acquisition of Alexandria Portland Cement

09 December 2019, Published under Cement News

Egypt’s Alexandria Development Ltd (Titan Cement International) has announced its intention to acquire the remaining 11.07 per cent stake in Alexandria Portland Cement. It already owns 88.93 per cent of the company and is expected to offer EGP6/share (US$0.37/share) in cash for the remaining stake. Once the deal completes, the company would delist Alexandria Portland Cement from the Egyptian Exchange, according to Reuters.

Cementarnica Usje records 47% rise in net profit for 1Q19

21 May 2019, Published under Cement News

North Macedonia’s Cementarnica Usje (Titan) has announced that its consolidated net profit rose 47 per cent YoY to MKD138.8m (US$2.5m) in the first quarter of 2019. Total operating revenue increased 32 per cent to MKD851.9m in the 1Q19, while expenses advanced one per cent to MKD661.5m. Domestic market sales were up 31 per cent at MKD562.6m in the first three months of the year, while international sales surged 38 per cent to MKD266.8m.

Roanoke Cement earns industry’s first ISO 50001

03 May 2019, Published under Cement News

Roanoke Cement Co and its parent company, Titan America, announced this week that it has obtained ISO 50001 certification for its Troutville plant in Virginia – the first cement plant in the country. ISO 50001, sponsored by the US Department of Energy, is an energy management system standard that is established as a voluntary programme of best practices in continuous energy improvement. "ISO 50001 is a signature achievement for a manufacturing plant," says Brian Allder, Roanoke’s plant m...

New plant commissioned in Uzbekistan

21 December 2018, Published under Cement News

A new facility in Korauzyak district, Karakalpakstan (Uzbekistan), has been commissioned, according to Trend News. The Uzbek-Chinese joint venture, Titan Cement, saw a total investment of UZS302.4bn (US$36.3m) in the 200,000tpa project. Furthermore, in the Andijan region of Uzbekistan, a new US$630m project has begun construction with the support of Chinese companies.

Titan is looking to move its main quote to Brussels and the management to Cyprus

12 November 2018, Published under Cement News

In the first nine months of 2018,Titan's turnover declined by 1.8 per cent to EUR1101.9m and EBITDA was down by 8.2 per cent to EUR196.9m, while in the third quarter EBITDA was ahead by 3.2 per cent to EUR74.7m. The pretax profit advanced by 11.5 per cent to EUR65.9m and the net attributable profit recovered strongly, rising by 51.8 per cent to EUR50.2m in the 9M18. Net debt at the end of September was 3.4 per cent higher than a year earlier at EUR784m. The nine months' capital expenditure w...

Sino-Uzbek JV brings Karakalpakstan plant online

11 August 2016, Published under Cement News

Uzbek-Chinese joint venture, Titan Cement, recently brought its new plant in Karakalpakstan, Uzbekistan, into operation. The total cost of the project exceeded US$25m and resulted in the creation of more than 200 jobs. Initially the Chinese faction of the joint venture intended the project to have a capacity of no more than 60,000tpa, but following the discovery that there was a raised demand for high-quality, inexpensive cement in the region, plant capacity was increased more than three...

Titan Cement brings 0.2Mta plant online in Uzbekistan

25 July 2016, Published under Cement News

Titan Cement has commenced production at a new cement works in Karauzyak, Karakalpakstan in Uzbekistan. The 0.2Mta plant represents an investment of UZS10.6bn and is expected to employ 200.

Titan postpones dividend payment

01 July 2015, Published under Cement News

Greece's Titan Cement Co said yesterday that it would postpone its 2014 dividend payment, due on 1 July 2015 because of the bank holiday announced by the Greek government on Sunday. "Here will be a new announcement regarding the new date and the method of payment," of the dividend, the company said.

Titan subsidiary acquires EBRD stake in ANTEA Cement

06 February 2015, Published under Cement News

Titan Group subsidiary Αlvacim Ltd has acquired the 20 per cent stake held by the European Bank for Reconstruction and Development (ΕBRD) in ANTEA Cement, a Titan Group subsidiary in Albania. As a result of this purchase, Titan Group holds 80 per cent of ANTEA’s share capital, whereas the remaining 20 per cent is held by the International Finance Corporation (IFC).