Cement News tagged under: Titan Cement Group
Titan reduces net CO2 emissions by 13.4 compared to 1990 levels25 March 2021, Published under Cement NewsIn 2020 Titan Cement continued to actively engage in the global collective effort toward a carbon-neutral future, endorsing the vision of the European Green Deal and the Global Cement and Concrete Association (GCCA) Climate Ambition to deliver society with carbon-neutral concrete by 2050. Net CO₂ emissions reached 674kgCO₂/t cementitious product in 2020, declining by 13.4 per cent compared to 1990 levels. New processing lines for alternative fuels were inaugurated in Florida, USA, and ... |
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... |
Separation Technologies starts new fly ash reclamation process24 February 2021, Published under Cement NewsSeparation Technologies (Titan Cement group) has commissioned the world's first industrial-scale fly ash drying and electrostatic separation plant to reclaim fly ash from nearby coal ash basins. Located at Talen Energy's Brunner Island Steam Electric Station, the pilot facility combines Separation Technologies’ new proprietary drying and screening system and electrostatic separation for removing unburned carbon from fly ash for use in concrete construction. Removing the unburned car... |
Titan Group joins the GCCA26 September 2018, Published under Cement NewsGreece’s Titan Group has announced that it has joined the Global Concrete and Cement Association (GCCA). Through its participation, the company continues building on its commitment to actively engage in collaborative initiatives aiming to address global sustainability challenges, according to a press release. The UK-based GCCA will incorporate the activities of the Cement Sustainability Initiative (CSI) as of January 2019, following a strategic partnership with the World Business Council f... |
Titan looks for a stronger 2H18 performance27 July 2018, Published under Cement NewsThis week, Titan Cement Group announced its 1H18 results , which were hit by the strengthening euro against foreign currencies. Turnover fell by 7.9 per cent YoY to EUR712.5m in the first six months of 2018 from EUR773.8m in 1H17 while EBITDA declined from EUR142.1m in 1H17 to EUR122.2m in 1H18. Despite this, the group recorded significantly higher net profits than in 1H17 at EUR24.8m (1H17:EUR13.9m). Looking ahead, the Greek multinational is counting on improved weather in the USA and f... |
Titan's 1H18 net profit rises 78.3% but turnover declines 7%26 July 2018, Published under Cement NewsTitan Cement Group's 1H18 results showed a mixed performance with consolidated turnover reaching EUR712.5m, down EUR61.3m or 14 per cent on 1H17. Titan cited the strength of the euro against the dollar and other currencies as having a negative impact of EUR10m on group EBITDA. Still, net profits after tax amounted to EUR24.8m, up from EUR13.9m in 1H17. Turnover in 2Q18 was disappointing at reaching EUR390m compared to EUR412m in 2Q17. EBITDA in 2Q18 reached EUR78.7m, down 13.5 per cent on... |
Titan blown off course by Irma and devaluation in Egypt03 November 2017, Published under Cement NewsTitan Group released its 9M17 results this week and was hit by two exceptional events, namely hurricane Irma and the currency devaluation in Egypt. While the group's turnover reached EUR114.5m, a 1.8 per cent increase on the same period in 2016, 3Q17 turnover declined by 7.4 per cent to EUR370.7m and EBITDA fell by 15.3 per cent to EUR72.4m. USA bolsters results In the USA, where the company operates 3.5Mta cement capacity, the company reported that the market continues to grow despite ... |
Titan Group announces 9M17 net profits of EU33.1m02 November 2017, Published under Cement NewsTitan Group recorded a small increase in sales and operating profitability in the nine months of 2017, mostly thanks to the growth in the US market. Consolidated turnover reached EUR1144.5m, posting a 1.8 per cent increase compared to the same period in 2016. EBITDA increased by 4.6 per cent to EUR214.5m. Net profit, after minority interests and the provision for taxes, stood at EUR33.1m versus EUR121.9m in the nine months of 2016. Third quarter results in 2017 reflected two exceptional e... |
Titan 1Q results driven by US market11 May 2017, Published under Cement NewsFinancial results for Titan Group in the first quarter of 2017 recorded an improvement, primarily due to the continued recovery of the US market. All geographic regions where the group operates recorded higher sales volumes with the exception of Greece, where demand remains stagnant at low levels. Consolidated turnover was EUR361.8m posting a 7.1 per cent increase compared to the 1Q16. EBITDA increased by 18 per cent reaching EUR51.1m. The net result after minority interests and the provi... |
Titan Group 9M16 results boosted by Egypt and US03 November 2016, Published under Cement NewsTitan Group results recorded a significant improvement in the nine months of 2016, reflecting the growth of the US market and the improvement of results in Egypt. Consolidated turnover reached EUR1124.2m, posting a 9.2 per cent increase compared to the same period in 2015. EBITDA increased by 24.1 per cent reaching EUR205m. Net profit, after minority interests and the provision for taxes stood at EUR121.9m compared to EUR36.2m in the nine months of 2015. Net profit was positively affected... |