Cement News tagged under: Titan

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Titan announces 14% sales rise in 9M23

10 November 2023, Published under Cement News

Titan 's group sales in the 9M23 increased by 14 per cent to EUR1892m YtD driven by increased volumes in all its regions and by solid pricing levels. Group EBITDA reached EUR397m YtD, up by 72 per cent as the group’s margins restored. Net profit more than doubled in the YtD to EUR198m.  The group’s nine-month 2023 net profit after taxes and minority interests (NPAT) more than doubled, reaching EUR197.6m, compared to the EUR89.1m recorded in the same period in 2022. Growth-oriented capital...

Cementarnica Usje sees 9M net profit up 77%

01 November 2023, Published under Cement News

North Macedonia-based Cementarnica Usje , owned by Greek cement producer Titan, reported 77 per cent YoY increase in net profit to MKD1.1bn (US$19m) in the January-September 2023 period. The company’s operating expenses declined 17 per cent YoY to MKD3.4bn in the 9M23 as material costs fell 23 per cent YoY to MKD1.9bn. It total operating revenue slipped by two per cent YoY to MKD4.8bn in the 9M23.

TITAN expands investment in Rondo Energy

14 September 2023, Published under Cement News

TITAN has expanded its existing investment in Rondo Energy, a US-based pioneer in zero-carbon industrial heat solutions. In collaboration with other global leaders, TITAN's contribution has empowered Rondo Energy to secure an impressive US$60m in funding. This infusion of capital is primed to speed up the rollout of Rondo Heat Batteries worldwide and transform the global energy storage market.  In addition to its financial support, TITAN has solidified its involvement by joining Rondo's S...

IFESTOS CCUS project to receive EU commission grant

14 July 2023, Published under Cement News

The EU Commission has selected IFESTOS for grant agreement preparation for the third call for large-scale projects under the EU Innovation Fund. IFESTOS is TITAN Group’s groundbreaking Carbon Capture project in Greece. Marcel Cobuz, chairman of the Group Executive Committee of TITAN Group, stated: "We are truly excited that the Commission has chosen to support our large-scale, highly innovative project. IFESTOS is a cornerstone of our accelerated decarbonisation roadmap to net-zero. In ...

TITAN buys minority stake in Aegean Perlites

14 February 2023, Published under Cement News

TITAN Cement International (TCI) is advancing its growth strategy by taking a participation in Aegean Perlites and partnering with its majority shareholder family, thereby securing the long-term pozzolan sourcing needs of the group. Aegean Perlites operates perlite and pozzolan quarries on the Greek island of Yali ,  which has substantial high-quality reserves, including access to port loading facilities for sea-borne distribution worldwide. Through this participation, TITAN is gaini...

Titan plant constructs first 3D-printed Greek house

09 December 2022, Published under Cement News

The first 3D-printed concrete house in Greece is being printed at TITAN Elefsina cement plant , by TITAN and its partners – Sika Hellas, Cos Hellas Ltd, and the National Technical University of Athens. The consortium successfully developed, produced, and operated the first 3D printer for construction in Greece as part of the 3BUILD research project. “ 3BUILD creates a pioneering, modular and lightweight printer, which can construct concrete buildings and infrastructures with a high...

TITAN updates its 2030 greenhouse gas emission reduction targets

11 November 2022, Published under Cement News

TITAN Group has updated 2030 greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi) as consistent with the levels required to limit the global temperature increase to 1.5°C.   By 2030 TITAN Group commits  to reduce Scope 1 (gross), 2 and 3 (gross) GHG emissions covering produced and purchased cement and clinker, by 25.1 per cent per tonne of cementitious product sold by 2030, from a 2020 base year (the target boundary incl...

Titan records consolidated sales of EUR1662m in 9M22

10 November 2022, Published under Cement News

Titan Group's consolidated sales for the first nine months of 2022 reached EUR1661.8m posting a 31.6 per cent increase. Energy costs have seen their highest levels during the early part of the 3Q22. However, the group was able to both increase prices as well as work on improving the energy mix, achieving a higher EBITDA. In the 3Q22 EBITDA recorded a strong increase of 23.9 per cent versus EUR95.4m in the3Q21, while year-to-date EBITDA increased to EUR234.5m, 6.8 per cent above 2021.   ...

Titan appoints new Group Executive Committee Chairman

21 October 2022, Published under Cement News

Marcel Cobuz has been appointed  the new chairman of Titan’s Group Executive Committee.   “As I take leadership of Titan Group , I would like to thank Dimitri Papalexopoulos for the excellent transition and look forward to working with him as Chair of the Board of Directors,” said Marcel Cobuz. “Big thanks to all my new colleagues around the world for making me feel at home. Together, we will continue the great work started in digitising and decarbonising the business and seize new op...

RECODEH2020 carbon capture demonstration project at Kamari plant

02 August 2022, Published under Cement News

Greece’s first carbon capture project in a cement plant has begun with RECODEH2020 partners successfully launching the demonstration unit at TITAN Cement Group’s Kamari plant . Using ionic liquids (bare or amine-functionalised) as CO 2 adsorbents, the project reached CO 2 purity above 99 per cent during initial operation. Part of the captured CO 2 is converted to nanocalcite and other chemical compounds that can be used in cement manufacture, demonstrating the circular economy based on ...