Cement News tagged under: Titan Cement

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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).

Egypt: Titan Cement selects Gebr Pfeiffer coal mill

01 December 2014, Published under Cement News

Titan Cement has ordered a MPS 2800 BK vertical roller mill for coal from Gebr Pfeiffer SE for Line No 1 of its Beni Suef works in Egypt. The mill is designed for a finished product rate of 40tph. The coal, with a Hardgrove grindability index of 45, will be ground to a product fineness of 12 per cent residue 90µm, while simultaneously being dried from a maximum 12 per cent feed moisture to a maximum one per cent residual moisture by using hot gases from the cement process, according to Geb...

Cementarnica Usje 1H14 net profit up 28% YoY

27 August 2014, Published under Cement News

Macedonian producer Cementarnica Usje AD Skopje said on Tuesday its consolidated net profit rose 28 per cent to MKD789.2m (EUR12.8m) in the first half of 2014. Operating revenue rose by 15 per cent to MKD2bn in the six months to the end of June while operating costs increased five per cent to MKD1.3bn, Usje said in a consolidated financial statement. Usje is Macedonia’s sole cement producer, owned by Greek cement major Titan by means of a 94.8 per cent stake. Its 0.9Mta production plant ...

Carolinas Cement plans US$5m packaging facility

09 June 2014, Published under Cement News

Carolinas Cement Company, part of the Titan America group, announced Friday it has submitted an application with New Hanover County to build a permit to construct a US$5m packaging facility. The new unit would add to an existing storage and handling terminal owned and operated by Roanoke Cement Company, another subsidiary of Titan, on the site of the former Ideal cement plant in Castle Hayne, where Titan is planning to build a new cement plant. The proposed Castle Hayne cement plant, w...

Cementarnica Usje Skopje quarterly net profit more than doubles

15 May 2014, Published under Cement News

Macedonian producer Cementarnica Usje Skopje said on Wednesday its net profit more than doubled to MKD301.4m (US$6.7m) in the first quarter of 2014 from MKD140.6m a year ago. The country's sole cement manufacturer saw operating income rise by 49 per cent YoY to MKD841.9m in the first quarter while operating costs increased by an annual eight per cent to MKD568.5m, Usje said in its income statement sent to Macedonian Stock Exchange. The company, owned by Titan, operates a 0.9Mta plant loca...

Greece: Titan to supply quake-hit Kefalonia

07 March 2014, Published under Cement News

Titan Cement is to provide 500t of packed cement to the earthquake-hit island of Kefalonia, catering for repair works urgently needed in buildings of public interest. The Greek cement major said it will respond to related requests addressed to it directly for the prompt restoration of the most serious construction problems presented in public or municipal buildings, churches, and infrastructure projects, aiming to relieve the inhabitants of the island who were struck by the earthquake. ...

Macedonia: Cementarnica Usje Skopje net profit increases 12% YoY

28 February 2014, Published under Cement News

Macedonia’s sole cement producer, Cementarnica Usje Skopje, reported that non-consolidated net profit rose 12 per cent to MKD1.48bn (EUR24m) in 2013. Revenue fell by five per cent YoY to MKD3.9bn while operating costs decreased to 14 per cent to MKD2.6bn, the company said in its non-consolidated financial statement to the Macedonia Stock Exchange. The company is 94.8 per cent owned by Greece-based Titan Cement. Its 0.9Mta plant is located at Usje, near the country’s capital Skopje and a...

Titan long-term ratings lifted

10 December 2013, Published under Cement News

The long-term ratings on Greece-based cement producer Titan Cement have been lifted by ratings agency Standard & Poor's (S&P) to 'BB' from 'BB-'.  At the same time, it affirmed the 'B' short-term rating on Titan Cement. S&P has removed all the abovementioned ratings from CreditWatch, where Titan was placed with positive implications on 26 November, 2013. The outlook is stable. Titan Cement's stand-alone credit profile is 'bb', based upon S&P’s assessment of the group's business  risk ...