9M16 results see upturn in the US and Egypt
Several cement companies released their 9M16 results this week. While the US and Egypt provided a healthy boost to business results for companies such as
Titan Cement Co
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Titan to take on Brazilian challenge
Titan Cement Group made an unexpected move this week, buying into Cimento Apodi in Brazil. The Greek-based multinational will form a joint venture t
Titan Cement takes US$100m stake in Brazil's Cimento Apodi
Greece's Titan Cement Group has announced that it is to take a 50 per cent equity stake in Companhia Industrial de Cimento Apodi of Brazil. The deal will see Titan invest an est...
Titan 1Q16 results boosted by US growth
Titan Group posted robust growth in sales and operating performance in 1Q16, primarily on the back of the US market, as well as the improved operation of the plants in Egypt. Co...
Titan's US profits more than double
Titan's turnover rose by 20.7 per cent in 2015 to EUR1397.8m and EBITDA improved by 19.2 per cent to EUR216.4m. Following an 24.4 per cent increase in the depreciation and impai...
Egypt: residents' angry over Titan’s Alexandria emissions
Titan's Alexandria cement plant is being investigated in terms of environmental concerns after local residents’ complaints. A complaint was filed on Sunday at the Alexandria Pro...
Titan suffers in Egypt, but improves elsewhere
Titan’s turnover improved by 3.3 per cent to EUR879.7m in the first nine months of 2013, but EBITDA edged ahead by just 0.1 per cent to EUR146.7m. In the third quarter the EBITD...
Macedonia: Cementarnica Usje net profit climbs 13% YoY
Macedonia’s sole cement producer Cementarnica Usje AD Skopje said its net profit for the first nine months of 2014 climbed by 13 per cent to MKD1.25bn (EUR20.2m).
Titan's Florida business advances strongly
Titan's first-half turnover improved by 3.9 per cent to EUR571.2m while the EBITDA was ahead by just 0.8 per cent to EUR89m. Following a 10.3 per cent reduction in the depreciat...
Titan: profits decline, other than in the USA
Titan reported a four per cent improvement in turnover for last year to EUR1175.9m, having risen by 3.6 per cent in 2012. The US proved to be a particularly bright spot in 2013 ...