Cement News tagged under: Titan Cement Group

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Titan's AI optimiser is rolled out across its portfolio

23 July 2021, Published under Cement News

Titan is creating the smart cement plant of the future with a multitude of cutting-edge solutions leveraging the power of artificial intelligence (AI), in the context of the group’s digital transformation journey, including the roll-out of its fully-autonomous, real-time optimisers for the entire cement production line. Initially launched at Pennsuco cement plant in the USA starting in late 2017 with a revolutionary prototype, one of the first AI systems to be used in cement production, t...

Titan reduces net CO2 emissions by 13.4 compared to 1990 levels

25 March 2021, Published under Cement News

In 2020 Titan Cement continued to actively engage in the global collective effort toward a carbon-neutral future, endorsing the vision of the European Green Deal and the Global Cement and Concrete Association (GCCA) Climate Ambition to deliver society with carbon-neutral concrete by 2050.   Net CO₂ emissions reached 674kgCO₂/t cementitious product in 2020, declining by 13.4 per cent compared to 1990 levels. New processing lines for alternative fuels were inaugurated in Florida, USA, and ...

Titan Cement Group records FY20 revenue of EUR1607m

23 March 2021, Published under Cement News

Titan Cement Group delivered strong results in 2020, despite the uncertainty caused by the COVID-19 pandemic. Group consolidated revenue reached EUR1607m and was stable compared to the previous year. EBITDA posted a solid increase of 7.1 per cent to EUR286.2m . This was the highest EBITDA recorded since 2010. Net profit after taxes and minorities dropped to EUR1.5m (EUR50.9m in 2019) as a result of significant non-cash charges taken representing the full write-off of the EUR46.6m goodwil...

Separation Technologies starts new fly ash reclamation process

24 February 2021, Published under Cement News

Separation Technologies (Titan Cement group) has commissioned the world's first industrial-scale fly ash drying and electrostatic separation plant to reclaim fly ash from nearby coal ash basins.   Located at Talen Energy's Brunner Island Steam Electric Station, the pilot facility combines Separation Technologies’ new proprietary drying and screening system and electrostatic separation for removing unburned carbon from fly ash for use in concrete construction. Removing the unburned car...

Titan Group joins the GCCA

26 September 2018, Published under Cement News

Greece’s Titan Group has announced that it has joined the Global Concrete and Cement Association (GCCA). Through its participation, the company continues building on its commitment to actively engage in collaborative initiatives aiming to address global sustainability challenges, according to a press release. The UK-based GCCA will incorporate the activities of the Cement Sustainability Initiative (CSI) as of January 2019, following a strategic partnership with the World Business Council f...

Titan looks for a stronger 2H18 performance

27 July 2018, Published under Cement News

This week, Titan Cement Group announced its 1H18 results , which were hit by the strengthening euro against foreign currencies. Turnover fell by 7.9 per cent YoY to EUR712.5m in the first six months of 2018 from EUR773.8m in 1H17 while EBITDA declined from EUR142.1m in 1H17 to EUR122.2m in 1H18. Despite this, the group recorded significantly higher net profits than in 1H17 at EUR24.8m (1H17:EUR13.9m).  Looking ahead, the Greek multinational is counting on improved weather in the USA and f...

Titan's 1H18 net profit rises 78.3% but turnover declines 7%

26 July 2018, Published under Cement News

Titan Cement Group's 1H18 results showed a mixed performance with consolidated turnover reaching EUR712.5m, down EUR61.3m or 14 per cent on 1H17. Titan cited the strength of the euro against the dollar and other currencies as having a negative impact of EUR10m on group EBITDA. Still, net profits after tax amounted to EUR24.8m, up from EUR13.9m in 1H17. Turnover in 2Q18 was disappointing at reaching EUR390m compared to EUR412m in 2Q17. EBITDA in 2Q18 reached EUR78.7m, down 13.5 per cent on...

Titan blown off course by Irma and devaluation in Egypt

03 November 2017, Published under Cement News

Titan Group released its 9M17 results this week and was hit by two exceptional events, namely hurricane Irma and the currency devaluation in Egypt. While the group's turnover reached EUR114.5m, a 1.8 per cent increase on the same period in 2016, 3Q17 turnover declined by 7.4 per cent to EUR370.7m and EBITDA fell by 15.3 per cent to EUR72.4m. USA bolsters results In the USA, where the company operates 3.5Mta cement capacity, the company reported that the market continues to grow despite ...

Titan Group announces 9M17 net profits of EU33.1m

02 November 2017, Published under Cement News

Titan Group recorded a small increase in sales and operating profitability in the nine months of 2017, mostly thanks to the growth in the US market. Consolidated turnover reached EUR1144.5m, posting a 1.8 per cent increase compared to the same period in 2016. EBITDA increased by 4.6 per cent to EUR214.5m. Net profit, after minority interests and the provision for taxes, stood at EUR33.1m versus  EUR121.9m in the nine months of 2016. Third quarter results in 2017 reflected two exceptional e...

Titan 1Q results driven by US market

11 May 2017, Published under Cement News

Financial results for Titan Group in the first quarter of 2017 recorded an improvement, primarily due to the continued recovery of the US market. All geographic regions where the group operates recorded higher sales volumes with the exception of Greece, where demand remains stagnant at low levels. Consolidated turnover was EUR361.8m posting a 7.1 per cent increase compared to the 1Q16. EBITDA increased by 18 per cent reaching EUR51.1m. The net result after minority interests and the provi...