Cement News tagged under: Greece
Titan announces increase in EBITDA after strong 4Q2225 January 2023, Published under Cement NewsTitan Cement has issued a trading update ahead of the group’s full-year results on 22 March 2023, as the preliminary results for EBITDA in the fourth quarter of 2022 are significantly higher compared to market consensus. According to the company, the 4Q22 was very strong for the Titan Cement Group. Sales activity and revenues remained robust while energy costs, as a result of cost-saving actions and market conditions, declined. As a result, preliminary EBITDA for the quarter is EUR98m,... |
Titan plant constructs first 3D-printed Greek house09 December 2022, Published under Cement NewsThe 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 targets11 November 2022, Published under Cement NewsTITAN 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 9M2210 November 2022, Published under Cement NewsTitan 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 raises targets to limit global warming28 October 2022, Published under Cement NewsTITAN Group has not only reported robust decarbonisation results, it has also strengthened its commitment to net zero and updated its science-based CO 2 targets to levels aligned with limiting the global temperature increase to 1.5°C. According to the company, its new targets have been submitted to the Science Based Targets initiative (SBTi) for validation. In the third quarter of 2022, the group reduced its net CO 2 emissions by 5.5 per cent, or double the pace achieved in the equiva... |
Titan appoints new Group Executive Committee Chairman21 October 2022, Published under Cement NewsMarcel 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... |
TITAN Group's H2CEM wins IPCEI accreditation27 September 2022, Published under Cement NewsTITAN Group ’s H2CEM project for the production and use of green hydrogen in the cement industry is included in the second Important Project of Common European Interest (IPCEI) “Hy2Use". H2CEM, with a total budget of EUR60m, is currently the only project in the second IPCEI that concerns the use of hydrogen as a climate-neutral fuel for cement production. The project will contribute to TITAN Group’s target to improve the carbon footprint of its operations, supporting the European goal ... |
TITAN Cement Group launches CemAI13 September 2022, Published under Cement NewsTITAN Cement Group has launched CemAI, Inc (CemAI), an affiliate company providing the next-generation predictive maintenance solution based on artificial intelligence for the cement industry. The solution is a unique mix of a proprietary licensed software and a continuous monitoring and incident resolution service for entire cement manufacturing lines across the world, claims TITAN. Leveraging on the unique manufacturing experience and digital expertise of TITAN, which has created, succe... |
RECODEH2020 carbon capture demonstration project at Kamari plant02 August 2022, Published under Cement NewsGreece’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 ... |
TITAN Cement Group to scale Rondo Energy's decarbonisation technology14 July 2022, Published under Cement NewsTITAN Cement Group joins decarbonisation and electrification investment leaders, Breakthrough Energy Ventures and Energy Impact Partners, in supporting Rondo Energy (Rondo) through its recent Series A financing round for the scale-up of its innovative ‘heat battery’ technology, aiming to provide new solutions for decarbonising power generation and heavy industry, including cement manufacturing. The Rondo Heat Battery uses established industrial technologies to transform renewable ele... |