Cement News tagged under: Greece
TITAN Group supports "The Ellinikon project"01 September 2023, Published under Cement NewsTITAN Group 's state-of-the-art ready-mix concrete unit has contributed to the realisation of "The Ellinikon project" in Greece, optimising its cement and aggregates supply chain for one of Europe’s most iconic infrastructure projects. TITAN Group is offering on-site innovative, low-carbon products and tailored solutions for the Ellinikon, along with expert advice on the use of innovative materials and circular solutions. One notable aspect of TITAN’s contribution to the projec... |
Titan commits to a greener future04 August 2023, Published under Cement NewsThis week we take a look at Titan Group's 2022 Sustainability Report. The vertically-integrated Greek building materials company has a global presence, stretching from Brazil and the USA to Europe, the Mediterranean and Egypt. During 2022 the company invested approximately EGP67m (US$2.16m) in improving environmental management systems. It has prioritised dust control systems, increased waste recycling of by-pass gas and has shifted to low-carbon products. It also has mid- to long-term goals... |
Titan Group announces 1H23 consolidated sales of EUR1229m27 July 2023, Published under Cement NewsTitan Group ’s consolidated sales for the H123 surpassed the EUR1.2bn (US$1.335bn) level, reaching EUR1229m, increased by 18.7 per cent versus the 1H22. EBITDA increased to EUR241.2m compared with EUR136.3m in the 1H22, an increase of 77 per cent, with profitability margins expanding, as investments implemented during the last two years are progressively improving cost performance. Group EBITDA over the past 12-month period (July 2022-June 2023) reached EUR436m. Net profit after taxes a... |
IFESTOS CCUS project to receive EU commission grant14 July 2023, Published under Cement NewsThe 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 reports a robust 1Q performance11 May 2023, Published under Cement NewsTitan Cement International SA saw a “very strong start to the year” with first-quarter 2023 sales up 29.3 per cent YoY to EUR588.1m, driven by increased demand in some key markets due to mild weather conditions and good pricing performance. EBITDA saw a 131 per cent jump to EUR107.1m when compared with a low-base 1Q22. The margin expanded due to sales growth, cost performance reflecting the benefits from investment projects as well as an improved energy mix with higher alternative fuel u... |
Titan plans three-fold increase of green products portfolio14 April 2023, Published under Cement NewsTitan Cement announced the arrival of its 2022 annual report this week. Its overall customer focus will see the producer shift its operations to produce even more green products. In its current portfolio, 19.5 per cent of its products are green, but by 2030 Titan Cement aims to raise this to 62 per cent. "We aim to continue building great teams, maintain profitable growth and become one of the safest, most customer-friendly, innovative, digitalised and green businesses in the construction m... |
Titan reports on record 202211 April 2023, Published under Cement NewsTitan Cement Group has published its 2022 Integrated Annual Report, which outlines the group’s financial, as well as environmental, social and governance (ESG) performance. According to the company, 2022 was a year of record sales and strong profitability growth in all markets and significant progress towards the group’s ESG targets for 2025 and beyond. In terms of its financial performance, 2022 was the second consecutive year of record group sales at EUR2282.2m, up 33.1 per cent YoY... |
Heracles Group set to acquire Larsinos SA07 March 2023, Published under Cement NewsHeracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include commercial plants, on-site/jobsite ready-mix concrete, aggregates and quarrying. With this acquisition, in the ready-mix concrete sector, Heracles Group expands ... |
TITAN buys minority stake in Aegean Perlites14 February 2023, Published under Cement NewsTITAN 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 introduces low-carbon cements to southeast Europe01 February 2023, Published under Cement NewsTitan Group has introduced three novel lower-carbon types of cement to the markets of Serbia, Albania and Kosovo, expanding its green offerings to southeastern Europe. In line with Titan group's CO 2 -reduction targets and its commitment to increasing the share of green products in our portfolio to over 50 per cent by 2030, Titan Group is offering its customers construction sustainable solutions. The new cement in Serbia is the first within the group to receive certification under the new E... |