Cement News tagged under: Titan

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Cementarnica Usje sees 17% rise in profit

06 August 2021, Published under Cement News

North Macedonia’s Cementarnica Usje has seen a 17 per cent YoY rise in net profit to MKD686.8m (US$13.2m) in the first half of the year, while operating revenue increased 18 per cent to MKD2.5bn. Domestic sales advanced 11 per cent to MKD1.6bn and sales on foreign markets was up 44 per cent to MKD827.9m.

Florida: bolder, brighter, better

24 May 2021, Published under Cement News

Like all US states, Florida has been badly hit by the COVID-19 pandemic with tourist numbers plummeting as borders shut and lockdown measures were imposed. But pent-up demand in the housing market, strong infrastructure spending and a robust construction sector should deliver a notable uptick in cement consumption in 2021-23. Florida has been badly affected by the COVID-19 pandemic with tourist numbers in freefall. However, a brighter future lies ahead Florida’s US$1trn econo...

Titan America’s energy drive

18 May 2021, Published under Cement News

Titan Florida has garnered the coveted ISO 50001 certification for its Pennsuco (PNS) plant – the second certification for Titan America’s two US cement plants. PNS is the largest cement facility in Florida and recognised as one of the most environmentally friendly and efficient plants in the US. The two Titan facilities are the only cement plants in America to have reached the signature achievement. By Titan America LLC, USA. The only two cement plants in the USA that are ISO 50001 c...

Titan Group records increased 1Q volumes in the US and Greece

14 May 2021, Published under Cement News

Titan's 1Q21 regional results saw strong volume growth in the US, particularly in the Mid-Atlantic region, while the domestic market of Greece also had encouraging results with cement sales increasing on 1Q20. Solid price trends in the US testified to the pent-up demand and a more confident restarting of activity that reflects the economy's robust growth. Demand was stable in Florida, with divergent trends depending on geographies, while even a slow recovery was witnessed in New York, whi...

Cementarnica Usje reports 5% rise in profit

11 May 2021, Published under Cement News

North Macedonia's Cementarnica Usje (Titan group) has reported a 5.1 per cent YoY decline in net profit to MKD182.1m (US$3.6m) in the first quarter of 2021. However, operating revenue increased 9.4 per cent to MKD924.8m. Domestic sales advanced 9.6 per cent to MKD623.4m, while sales from foreign markets rose 24.3 per cent to MKD272.9m. Operating expenses grew 7.6 per cent YoY to MKD699.9m in the first quarter, as costs for materials were up by 84.9 per cent to MKD64.7m.

Titan's regional success

26 March 2021, Published under Cement News

Titan announced its 2020 financial results this week, reporting its highest EBITDA since 2010 at EUR286.2m.  The solid results come despite a challenging year amid the effects of the COVID-19 pandemic in its regional markets. Regional market overview The group's US operations were supported by market resilience as construction works were allowed to continue as an essential activity. Cement consumption in Florida benefitted from increased housing demand, partially offset by a downturn in ...

Cementarnica Usje BoD president resigns

22 January 2021, Published under Cement News

The president of the Board of North Macedonia-based Cementarnica Usje, Konstantinos Derdemezis, has resigned due to undisclosed reasons. The position will be filled by Yanni Paniaras until the next shareholders’ meeting, said the company in a bourse filing. Mr Paniaras is serving as delegated director in the Board of Directors of Greece-based Titan, Cementarnica Usje’s parent company.

Titan Cement Group enters strategic partnership with FLSmidth

24 November 2020, Published under Cement News

Greece-based Titan Cement Group has signed a new 2.5 year service agreement with FLSmidth that will put sustainability, digitalisation and productivity at the top of the agenda as the cement group aims to achieve best practice implementation across its plants in Europe, Africa and the Americas. The agreement gives Titan full access to FLSmidth’s extensive process- and technical knowhow and assistance services, covering the entire plant operations from on-site plant inspections and remote s...

1H20 results show regional impact of coronavirus on cement demand

31 July 2020, Published under Cement News

This week, the cement industry majors have been announcing their business results for the first half of 2020. The business results of Dangote Cement, Cemex, UltraTech, HeidelbergCement, Titan and Vicat give the first clear indications of how the cement sector has been impacted and responded to the COVID-19 pandemic in various regions of the world. Africa Dangote Cement was first to announce its 1H20 results and announced a two per cent growth in revenue to NGN476.9bn (US$1.23bn). April...

Titan Global Finance Plc makes EUR250m notes offering

03 July 2020, Published under Cement News

Titan Global Finance Plc, subsidiary of Titan Cement International SA, has made a EUR250m notes offering that will mature in 2027, with a 2.75 per cent coupon per annum. The orders in the book were above two times the nominal amount of the issue and the application will be made to the Irish Stock Exchange plc, trading a Euronext Dublin. The closing date is set for 9 July 2020. The proceeds of the notes will be used by the issuer to purchase some or all of the EUR300m with a coupon of 3.5 pe...