Cement News tagged under: Titan
Τitan launches its Group Digital Centre of Competence30 January 2020, Published under Cement NewsTitan Cement Group has launched its Group Digital Center of Competence, to improve its operational efficiency and competitiveness, and to develop new ways of connecting with its customers. The Group Digital Center of Competence is part of the group's Digital Initiative, launched in May 2017. During the last three years, Titan has introduced multiple digital and advanced analytics pilots and solutions focussing on real-time production optimisation, asset failure prediction with machine lear... |
Titan buys back IFC minority stake in SE Europe/Egypt units22 November 2019, Published under Cement NewsGreece-based Titan said that its board of directors has approved the acquisition of the minority stakes held by the International Finance Corp in its units in Egypt and four countries of southeastern Europe for EUR81.8m. “This transaction will conclude Titan’s successful cooperation with IFC gradually established since 2008 in Albania, Egypt, Serbia, North Macedonia, and Kosovo,” the group said. The agreement is subject to fulfilment of conditions precedent, Titan said, adding that its p... |
Can Titan expect a better 2019?24 May 2019, Published under Cement NewsThis week Titan Group announced its first-quarter 2019 results which saw a 12.5 per cent rise in turnover but also a EUR6.2m loss appearing on the company’s profit and loss account. While the US market and southeastern Europe returned healthy business results, the company’s performance was more muted in its other markets, particularly in Egypt and Turkey. However, going forward Titan sees the overall group outlook for 2019 as more favourable. The USA is Titan’s most important market, ge... |
Titan reports 13% advance in 1Q turnover but EUR6.2m net loss23 May 2019, Published under Cement NewsGreece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the higher sales to a robust US market and growth in southeastern Europe. EBITDA was up two per cent to EUR44m as the company faced a challenging business environment in Egypt and Turkey. Titan's net result was impacted by higher depreciation charges and unfavourable foreign exchange rates, recording a EUR6m loss (1Q18: E... |
Titan releases its 2017 Annual report14 June 2018, Published under Cement NewsTitan Group has released its 2017 Annual Report online . The report highlights the financial performance of the group that had a turnover of EUR1505.8m, EBITDA of EUR273.4m, profit after taxed of EUR42.7m and capital expenditure of EUR122.6m. "This stable performance reflects our ability to capitalise on the opportunities offered by the continuing growth in the US market and to minimise the impact of adverse developments in Egypt and Greece," said Titan Group CEO, Dimitri Papalexopoulos. ... |
Cementarnica Usje net profit falls 9% in 201713 March 2018, Published under Cement NewsMacedonia’s Cementarnica Usje reported a nine per cent YoY fall in its non-consolidated net profit to MKD1.09bn (US$61.8m) in 2017. The Titan-owned company’s operating profit decreased 10 per cent to MKD1.18 as operating expenses rose six per cent to MKD3.33bn, the cement producer said in a bourse filing. Operating revenues increased by three per cent to MKD4.58bn, driven by a 42 per cent YoY rise in export revenues to MKD1.56bn, which were able to set off a nine per cent contraction ... |
Cementarnica Usje sees 10% net profit fall in 9M1706 November 2017, Published under Cement NewsTitan-owned Cementarnica Usje of Macedonia reported a net profit fall of 10 per cent YoY to MKD865.9m (US$16.4m) in the first nine months of 2017. The company’s operating revenue rose three per cent YoY to MKD3.44bn, said the cement producer in a bourse filing. Operating expenses increased eight per cent to MKD2.46bn when compared with the year-ago period. Usje’s financial revenue rose by 14 per cent YoY to MKD19.1m, while financial expenses were MKD8.5m, up from MKD1.5m a year earlie... |
Dangote sets eyes on PPC Group11 September 2017, Published under Cement NewsAliko Dangote is considering counter offers for the PPC Group and as such could spark a bidding contest for South Africa’s largest cement producer, reported The Star who quoted people close to the subject. Dangote Cement sees the bid as a way to accelerate its pan-African expansion, but the company is only one of several companies keeping a close eye on the bidding. PPC has already received one rival offer to the AfriSam Group bid from Canada-based Fairfax Financial Holdings and both bids... |
Titan FY16 results bring net profits of EUR278.6m23 March 2017, Published under Cement NewsTitan Group's 2016 financial results recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR1509m, posting an eight per cent increase compared to 2015. EBITDA increased by 28.7 per cent to EUR278.6m while net profit after minority interests and tax provision, stood at EUR127.4m, compared to EUR33.8m in 2015. In the fourth quarter of 2016, the group maintained the stro... |
Macedonia: Cementarnica Usje non-cons net profit falls 5% in 201617 March 2017, Published under Cement NewsMacedonia’s Cementarnica Usje, a subsidiary of Greece-based cement producer Titan, saw a five per cent YoY decrease in its non-consolidated net profit to MKD1.2bn (US$20.7m) in 2016 as a result of higher production costs. Non-consolidated operating expenses increased four per cent YoY to MKD3.14bn while operating revenue remained stable at MKD4.43bn. Operating profits fell six per cent to MKD1.3bn when compared with 2015. Financial revenues advanced 15 per cent to MKD23.4m while financ... |