Cement News tagged under: greece
Titan Cement International SA sees growth in sales and profit in 9M24 results08 November 2024, Published under Cement NewsTitan Cement International SA , the Greece-based building materials giant, has released its nine-month results for 2024, reporting a 4.9 per cent increase in group sales to EUR1984.5m (US$2.14bn), from EUR1892.2m in 2023, supported by higher volumes across all main products and improved pricing. Like-for-like group EBITDA grew by 14.6 per cent to EUR455m, with gains attributed to operational efficiencies, a better energy mix, and lower fuel costs. Net profit after taxes and minority interes... |
Titan and thyssenkrupp sign IFESTOS FEED contract09 October 2024, Published under Cement NewsTIitan Group and thyssenkrupp have signed a Front-End Engineering Design (FEED) contract for the IFESTOS Carbon Capture Project. IFESTOS is one of the largest carbon capture projects in Europe, enabling the production of zero-carbon cement and concrete. The engineering contract provides for thyssenkrupp to design and equip the two kiln lines of the Kamari cement plant in Greece with oxyfuel systems for CO 2 capture. This technology will enable the plant's CO 2 emissions to be reduce... |
Titan Group aligns financial strategy with emission reductions targets13 September 2024, Published under Cement NewsTitan Group has announced the launch of a Sustainability-Linked Financing Framework, aligning the group’s financial strategy with its GHG emission reduction targets validated by the Science Based Targets initiative (SBTi). The company hopes this framework will accelerate its sustainable growth. Through this alignment, Titan hopes to show its enduring commitment to upholding responsible business practices and creating long-term value for its stakeholders. The framework allows for futur... |
Titan's credit rating improves27 August 2024, Published under Cement NewsTitan Cement International announces the upgrade of its long-term issuer credit rating by S&P Global Ratings by one notch from BB positive outlook to BB+ stable outlook, reflecting the solid operating performance in the last two years and during the 1H. Credit rating upgrade confirms Titan’s ongoing capability to finance its 2026 Green Growth Strategy. Following this upgrade, Titan Cement International’s issuer credit rating and issued by Titan Global Finance UK plc are both rated with... |
Titan Group reports 1H net profit up 34%01 August 2024, Published under Cement NewsIn the 1H24 Titan Group achieved consolidated sales growth of 7.6 per cent, reaching EUR1323m, with all regions supporting top-line growth and overall volumes increasing, leading to the delivery of another strong performance. Cement pricing was firmly upheld, exhibiting low regional variances, while selective price increases were performed in aggregates and ready-mix concrete. EBITDA for the period reached EUR281.4m, increased by 16.7 per cent YoY, despite unabated cost pressures in factors... |
Titan Group introduces Titan Edge and Premier26 July 2024, Published under Cement NewsTitan Group has introduced Titan Edge family of products where “sustainability meets performance”, and Titan Premier family of services are aligned with the group’s Green Growth Strategy 2026. Both offerings WILL aim to offer innovative and sustainable solutions and services, empowering customers to advance construction and meet the challenges and opportunities for a safer, more resilient, more sustainable and enjoyable world, says Titan. Titan Edge products will be available in t... |
Titan included in FTSE4Good Index Series15 July 2024, Published under Cement NewsTitan 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 America to be listed in US equity market13 May 2024, Published under Cement NewsTitan 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 NewsTitan 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... |
Titan receives DoE funding for calcined clay project25 April 2024, Published under Cement NewsTitan America 's Roanoke plant in Virginia is to receive funding for its first-of-a-kind calcined clay production line. The US$61.7m award has been granted by the US Department of Energy (DoE) to support the innovative technology that aims to substantially reduce CO 2 emissions. According to Titan, the funding underscores the company’s dedication to reducing CO 2 emissions throughout the organisation, aligning closely with its ambitious goal of achieving net-zero concrete by 2050. Th... |