Displaying items by tag: Titan Cement

Greece: Titan Cement Group subsidiary Interbeton has launched Velter, a circular, 30% reduced-CO₂ ready-mix concrete. The product comes with a Type III environmental product declaration from Eurocert.

Director of concrete operations Christoforos Voulgaris said "This new product line gives engineers, architects, builders and investors the opportunity to differentiate their projects with improved durability and a meaningful contribution to mitigating the effects of climate change.”

Greece: Titan Group has established a ready-mix concrete batching plant at the construction site of the Ellinikon new city project. The 6Mm² development is converting a disused airport into housing and hotels. It has also started building what will be the Mediterranean’s tallest ‘green’ skyscraper. Titan Group says it will maximise its recycling rate of concrete and demolition waste at the site, as well as using new concrete recycling system and a treated water reuse method.

Titan Group’s Greece general manager, Angelos Kalogerakos, said “We have invested fast and early to accompany this large city infrastructure project. I am certain our partners will be delighted with the outstanding concrete solutions delivered by our group specialists thanks to this digital, state-of-the-art unit and our portfolio of green and value-added products. We take pride in contributing to the transformation of The Ellinikon as this iconic project is reshaping the coastline.”

Greece: Titan Cement recorded Euro1.71bn in net sales in 2021, up by 6.7% year-on-year from Euro1.61bn in 2020. The company attributed the boost to higher demand and ‘supportive pricing’ in all of its regions. Cement sales volumes were 18.3Mt, up by 7% year-on-year from 17.1Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 4.6% to Euro272m from Euro286m, due to an ‘unprecedented’ second-half costs increase. The group’s net profit was Euro89.6m, compared to Euro1.1m in 2020. During the year, Titan Cement increased the digitisation of its cement production and continued its on-going share buyback programme. Its Scope 1 and 2 CO₂ emissions declined by 4% year-on-year, in line with its 2030 target trajectory.

Titan Cement said “Having already achieved the 2025 targets for energy efficiency and zero waste-to-landfill certification, the group’s attention is now focused on empowering business ecosystems to incorporate sustainability considerations in their decision making. To ensure that key suppliers meet the group’s environmental, social and governance (ESG) standards, Titan Cement developed a sustainable supply chain roadmap and published the first Titan Group Procurement Policy.” In the coming year, the group plans to ‘continue to harness the advantages offered by decarbonisation, digital transformation and business model innovation to benefit our customers, employees, suppliers and communities, aspiring to deliver to society carbon-neutral concrete by 2050.’