Cement News tagged under: Titan

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Titan included in FTSE4Good Index Series

15 July 2024, Published under Cement News

Titan Group has been included in the FTSE4Good Index Series. Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices.  FTSE Russell evaluations are based on performance in areas such as corporate governance, health and safety, anti-corruption and climate change. Businesses included in the FTSE4Good Index Series meet a variety of envi...

Titan and Sinoma CBMI sign net zero technology MoU

03 July 2024, Published under Cement News

Titan Group and Sinoma CBMI have signed a Memorandum of Understanding (MoU) to explore new business opportunities and drive technological innovations aimed at decarbonising and digitalising cement manufacturing. Marcel Cobuz, chair of the Titan Group Executive Committee, stated: “Our partnership with Sinoma will enhance our Green Growth Strategy 2026, benefiting both companies and advancing efficiencies across various fronts. Together, we are transforming the building materials sector tow...

Titan America to be listed in US equity market

13 May 2024, Published under Cement News

Titan Cement International has announced its intention to proceed with the IPO of its US business ( Titan America ), with the aim of raising funds that will facilitate the group’s and Titan America’s future growth. Titan America, a US$1.6bn sales business, is a leading and fully integrated player in the high-growth economic regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey. According to the company...

Titan Group named a 'Climate Leader'

02 May 2024, Published under Cement News

Titan Group has been recognised as one of ‘Europe’s Climate Leaders’ in the fourth edition of the prestigious list published by the Financial Times. Titan’s inclusion on the list underscores its enduring commitment to environmental stewardship and sustainable business practices, according to the company. “Furthermore, it highlights the company's accelerated progress towards achieving net zero, in alignment with its Green Growth Strategy 2026,” it adds.  The criteria for selection emphas...

Usje sees 58% jump in net profit in 1Q24

01 May 2024, Published under Cement News

Cementarnica Usje AD of North Macedonia, part of the Titan group, reported a six per cent increase in domestic sales to MKD840.2m (US$14.6m) in the 1Q24 while export sales are up seven per cent YoY to MKD348.1m. The company also posted a three per cent YoY increase in operating revenue to MKD1.2bn in the first three months of 2024. Operating costs were down 10 per cent to MKD812.7m. As a result, net profit surged 58 per cent YoY to MKD299.9m.

Titan has released its Integrated Annual Report 2023

29 March 2024, Published under Cement News

Titan has released its integrated annual report 2023 (IAR), which outlines the group’s financial, as well as environmental, social, and governance (ESG) performance. 2023 was a year of record-breaking performance, increased shareholder returns and long-term stakeholder value creation, in line with its Green Growth Strategy 2026. These accomplishments underscore TITAN's commitment to sustainability, innovation, and customer-centricity, said the company. In line with its Strategy 2026, TITA...

Titan reports record EBITDA growth of EUR540m in 2023

18 March 2024, Published under Cement News

Titan reported record EBITDA in 2023 reaching EUR540.3m, up by 63.1 per cent, achieving margin expansion. All regions posted double-digit profitability growth, thanks to increased sales across all main products, firm pricing, operational efficiencies and improved performance of energy costs, said a company statement. Group sales in 2023 totalled EUR2547m, a 11.6 per cent increase compared to the previous year, while EBITDA grew by 63.1 per cent YoY, reaching EUR540.3m. The group's net profi...

Titan endorses Antwerp Declaration for a European Industrial Deal

11 March 2024, Published under Cement News

Titan has endorsed the Antwerp Declaration calling for an EU Industrial Deal that will complement the EU Green Deal, and will ensure the sustainable growth and competitiveness of the European economy. The declaration, an outcome of a European industry summit that was held in Antwerp, Belgium, on 20 February 2024, has been signed by more than 630 businesses in 20 sectors. It emphasises the industry's commitment to Europe's transformation and outlines the urgent need to enhance the continen...

TITAN acquires pozzolana quarry

31 January 2024, Published under Cement News

TITAN Cement International (TCI) has acquired concession rights in Vezirhan Pozzolana Quarry, in East Marmara, Turkey. The acquisition will expand the portfolio of low-carbon cementitious products available to its customers.     This reinforces TITAN's 2026 growth strategy, which focusses on doubling the volume of green cements and expediting the market launch of new green products and cementitious solutions. The current acquisition follows the one of a participation in Aegean Pe...

TITAN announces IFESTOS grant agreement with EU Innovation Fund

19 December 2023, Published under Cement News

TITAN has signed a Grant Agreement with the EU Innovation Fund for IFESTOS, its pioneering carbon capture project in Greece, following its selection in July, in the context of the fund’s third call for large-scale projects. The EU Innovation Fund, one of the world’s largest funding programmes for innovative low-carbon technologies, will support TITAN's project with a grant of EUR234m. IFESTOS is poised to accelerate the green transformation of the Greek building materials industry and ...