Cement News tagged under: Greece
Titan Group records increased 1Q volumes in the US and Greece14 May 2021, Published under Cement NewsTitan'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... |
Titan Group records revenues of EUR371m in 1Q2113 May 2021, Published under Cement NewsTitan Group's consolidated revenue reached EUR371m, down 3.6 per cent versus the 1Q20, penalised by the weaker US$ and US$-linked currencies, against otherwise solid organic growth trends. Revenue growth was 3.2 per cent in local currencies. EBITDA growth rose to EUR56.1m from EUR40.6m in 2020. In the 1Q21 net profit after taxes and minority interests grew to EUR15.3m, a EUR31m improvement against a EUR15.8m loss in the 1Q20 (which included EUR9m one-off mark to market losses on US$ in... |
LafargeHolcim makes Greek acquisitions05 May 2021, Published under Cement NewsGreece-based Heracles Group (LafargeHolcim) has signed an agreement with HeidelbergCement’s Halyps subsidiary, which will see Heracles acquire its aggregates business and two ready-mix concrete plants in Athens, Greece. The acquisition will strengthen the company’s position to support Athens’ thriving metropolitan area and key infrastructure projects with sustainable building solutions, according to a press release. This is LafargeHolcim’s fifth bolt-on acquisition in 2021. "I am excited ... |
Titan Cement Group releases 2020 integrated annual report13 April 2021, Published under Cement NewsTitan Cement Group has published its 2020 integrated annual report, which outlines the group's financial, as well as environmental, social and governance (ESG) performance. New ESG targets for 2025 and beyond have been set, underlining the group's enduring commitment to sustainability and value creation for all. An ambitious CO 2 reduction target is set at -35 per cent by 2030, compared to 1990 levels, with the group embracing the vision of the European Green Deal and the Global Ceme... |
Titan Cement Group records FY20 revenue of EUR1607m23 March 2021, Published under Cement NewsTitan Cement Group delivered strong results in 2020, despite the uncertainty caused by the COVID-19 pandemic. Group consolidated revenue reached EUR1607m and was stable compared to the previous year. EBITDA posted a solid increase of 7.1 per cent to EUR286.2m . This was the highest EBITDA recorded since 2010. Net profit after taxes and minorities dropped to EUR1.5m (EUR50.9m in 2019) as a result of significant non-cash charges taken representing the full write-off of the EUR46.6m goodwil... |
Titan Cement Group sets new ESG targets for 202519 March 2021, Published under Cement NewsTitan Cement Group has released its Environmental, Social and Governance (ESG) targets for 2025 and beyond. The targets include an updated, more ambitious, CO 2 reduction goal for 2030, aligned with the vision of the European Green Deal to achieve climate neutrality by 2050. "We are building on our strong track record on sustainability and aspire to increase our positive impact on people, society, and the environment. We are committing to ambitious targets that aim to generate more valu... |
Titan Cement to install new precalciner at Kamari plant17 March 2021, Published under Cement NewsTitan Cement is investing EUR25m at its Kamari cement plant, Viotia, Greece. The project will see a new precalciner in operation by 2022. The modernisation will reduce CO 2 emissions, contribute to the waste management solutions in Attiki, and increase the plant’s competitiveness. Specifically, this upgrade will significantly increase the Kamari plant’s capacity for using alternative fuels, substituting in large part the fossil fuels necessary for the operation of its kilns. Follow... |
Titan Cement Group enters strategic partnership with FLSmidth24 November 2020, Published under Cement NewsGreece-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... |
Titan Group reports revenues of EUR1202m in 9M2012 November 2020, Published under Cement NewsTitan Group announced its consolidated revenue totalled EUR1202.4m for the 9M20, a marginal decline of 0.5 per cent when compared with the revenue in the 9M19. Operating profitability (EBITDA) in January-September 2020 rose by 10.1 per cent to EUR229.4m. Net profit after taxes and minorities in the 9M20 was EUR58m compared to EUR45.2m in 9M19. In the 3Q20 Titan Group’s revenue fell by 1.7 per cent compared to the 3Q19 at EUR416m, while group EBITDA in the 3Q20 grew by 7.4 per cent to EUR9... |
SRF factory planned at Volos16 July 2020, Published under Cement NewsA new solid recovery fuel (SRF) plant is, under discussion in Volos, Greece. The new facility would supply RDF to the cement industry, but the plans face local opposition over pollution concerns. The Volos cement factory is owned by Heracles Cement (LafargeHolcim) and with a capacity of 4.9Mta is one of Europe's largest cement plants. The cement plant already coprocesses municipal waste and has a permit to burn up to 200,000tpa of RDF and 60,000t of sewage sludge. The cement plant wants to... |