Cement News tagged under: Titan
ECRA appoints new president18 November 2024, Published under Cement NewsEric Bourdon has been appointed President of the European Cement Research Academy (ECRA). The ECRA Technical Advisory Committee recently elected Eric Bourdon, Deputy CEO of the Vicat Group , as its new President. This appointment marks a significant milestone for the European Cement Research Academy, a key organisation supporting research in cement production and its applications, with a strong focus on sustainable development. As a long-standing member of the Board, Eric Bourdon has bee... |
Cementarnica Usje reports 40% increase in 9M net profit01 November 2024, Published under Cement NewsCementarnica Usje , North Macedonia, posted flat operating revenues at MKD4.7bn (US$82.9m) for the first nine months of 2024. However, thanks to a 12 per cent YoY drop in operating expenses to MKD3bn, the company, which is part of Greece-based Titan Group, was able to report a 40 per cent increase in net profit to MKD1.5 during the January-September period. |
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 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 and Sinoma CBMI sign net zero technology MoU03 July 2024, Published under Cement NewsTitan Group and Sinoma CBMI have signed a Memorandum of Understanding (MoU) to explore new business opportunities and drive technological innovations aimed at decarbonising and digitalising cement manufacturing. Marcel Cobuz, chair of the Titan Group Executive Committee, stated: “Our partnership with Sinoma will enhance our Green Growth Strategy 2026, benefiting both companies and advancing efficiencies across various fronts. Together, we are transforming the building materials sector tow... |
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... |
Usje sees 58% jump in net profit in 1Q2401 May 2024, Published under Cement NewsCementarnica Usje AD of North Macedonia, part of the Titan group, reported a six per cent increase in domestic sales to MKD840.2m (US$14.6m) in the 1Q24 while export sales are up seven per cent YoY to MKD348.1m. The company also posted a three per cent YoY increase in operating revenue to MKD1.2bn in the first three months of 2024. Operating costs were down 10 per cent to MKD812.7m. As a result, net profit surged 58 per cent YoY to MKD299.9m. |
Titan has released its Integrated Annual Report 202329 March 2024, Published under Cement NewsTitan has released its integrated annual report 2023 (IAR), which outlines the group’s financial, as well as environmental, social, and governance (ESG) performance. 2023 was a year of record-breaking performance, increased shareholder returns and long-term stakeholder value creation, in line with its Green Growth Strategy 2026. These accomplishments underscore TITAN's commitment to sustainability, innovation, and customer-centricity, said the company. In line with its Strategy 2026, TITA... |