Cement News tagged under: Titan Cement Co

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Titan forms joint venture with Terna Energy

24 September 2021, Published under Cement News

Titan 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 1H21

30 July 2021, Published under Cement News

Titan 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 1H21

30 July 2021, Published under Cement News

Titan 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 targets

16 July 2021, Published under Cement News

Titan 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 waste

13 July 2021, Published under Cement News

The 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 1Q21

13 May 2021, Published under Cement News

Titan 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 ash

12 May 2021, Published under Cement News

Separation 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 report

13 April 2021, Published under Cement News

Titan 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...

Titan Cement to install new precalciner at Kamari plant

17 March 2021, Published under Cement News

Titan 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...

Shares in Titan Cement International sold

25 August 2020, Published under Cement News

Titan Cement International SA announced the disposal of 7701 shares by its subsidiary Titan Cement Company SA of Titan Cement International SA. The shares were sold on 21 August 2020 at an exercise price of EUR10/share (EUR77,010 in total). Following the transaction, Titan Cement Company SA owns 5,226,748 shares in Titan Cement International, representing 6.34 per cent of the voting rights of Titan Cement International.