Cement News tagged under: greece
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... |
Titan Group donates to fire prevention programme04 July 2022, Published under Cement NewsTitan Group and the Pavlou and Alexandra Kanellopoulou Foundation (PAKF) are donating EUR1m towards the prevention and response to forest fires, the reconstruction programme of northern Evia, the elaboration of climate risk studies and the implementation of an education and awareness programmes for fire prevention. The contribution to the Reconstruction Programme of Northern Evia includes the allocation of two special vehicles of firefighting and civil protection for the region... |
Titan Cement announces management changes22 June 2022, Published under Cement NewsMarcel Constantin Cobuz is joining Titan Cement Group as a member of its executive committee from 1July 2022. He will also succeed Dimitri Papalexopoulos as chairman of the executive committee, effective from 15 October 2022. Mr Papalexopoulos will become chairman of Titan’s board of directors, taking over the role from Mr Arapoglou on 1 January 2023. Mr Cobuz, a French and Romanian national, brings with him more than 20 years’ experience in the building and infrastructure mate... |
Robust demand and pricing support 23% revenue advance for Titan in 1Q2212 May 2022, Published under Cement NewsTitan Cement International SA has announced a 22.6 per cent YoY increase in revenue to EUR454.6m in the opening quarter of 2022. This has been attributed to strong pricing across all products and countries, and resilient demand. EBITDA over the same period came in at EUR46.4m, down 17.3 per cent YoY as the phasing in of higher prices only gradually absorbed the increase in energy and input costs. According to the company, further price increases have already been announced in most markets ... |
Titan Cement Group releases its 2021 Integrated Annual Report12 April 2022, Published under Cement NewsTitan Cement Group has published its 2021 integrated annual report, which outlines the group's financial, as well as environmental, social and governance (ESG) performance. Titan generated record revenues in 2021 and is well on track to achieve its ESG targets for 2025 and beyond, claims the company. Titan 2021 integrated annual report highlights • record group revenue of EUR1714.6m, up 6.7 per cent, reflecting higher demand and supportive pricing across all regions • increase of net... |
Titan Cement records revenue growth of EUR1714.6m in 202118 March 2022, Published under Cement NewsTitan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 per cent to EUR272.4m. Net profit after taxes and minorities (NPAT) climbed to EUR89.6m (EUR1.1m in 2020 and EUR50.9m in 2019). Thanks to a successful refinancing strategy the group lowered significantly its finance costs for a third consecutive year to EUR33.6m (EUR19m lower than 2020 and EUR30m lower than 2019). ... |