Titan Cement International S.A., together with its subsidiaries, produces, distributes, and trades in a range of construction materials in Greece and Western Europe, North America, Southeastern Europe, the Eastern Mediterranean, and internationally. The company provides cement; ready-mix concrete; aggregates and coarse materials, including sand, gravel, crushed stone, and recycled concrete; and other building materials, such as dry mortars, building blocks, fly ash, and other concrete products for the construction of infrastructure, residential housing, commercial buildings, and social projects. It is also involved in the distribution of cement; processing of fly ash; sale of fly ash processing equipment; quarries and aggregates; real estate brokerage services; engineering design services for solid and liquid waste facilities; and alternative fuels. In addition, it designs, manufactures, and markets proprietary separation equipment for dry powders. Titan Cement International S.A. was founded in 1902 and is based in Brussels, Belgium.

Titan Cement International S.A.

TITAN Cement Group is an international, cement and building materials producer aspiring to serve the needs of society, while contributing to sustainable growth with responsibility and integrity. 

The Group is operating cement plants in 10 countries (USA, Greece, Albania, Bulgaria, North Macedonia, Kosovo, Serbia, Egypt, Turkey and Brazil), with an annual capacity of 27 million metric tons of cement and cementitious materials, and has presence in more than 15 countries. The Group employs about 5,500 people worldwide. 

The Group’s business activities cover the production, transportation and distribution of cement, concrete, aggregates, fly ash, mortars and other building materials. 

We create value through the transformation of raw materials into building products, their distribution to customers and the provision of related services, serving the societal need for safe, durable, resilient and affordable housing and infrastructure.

By actively participating in global collaborations and international organizations TITAN aims to address global sustainability challenges, under the framework of the UN Sustainable Development Goals for 2030. The Group is a participant of the UN Global Compact (UNGC) and an active member of CSR Europe and the Global Cement and Concrete Association (GCCA). The Group’s parent company is TITAN Cement International (TCI), a Belgian company listed on Euronext Brussels, Euronext Paris and Athens Exchange.

TITAN Cement Group

We are building the #smart cement plant of the future harnessing the power of #digitalization! In the US, Titan America successfully implemented digitalization applications based on #artificialintelligence (AI) and #machinelearning at our two cement plants in Roanoke and Pennsuco, resulting in enhanced equipment throughput and reliability, reduced energy consumption, and improved product consistency and quality.

You can read more here!  https://lnkd.in/ejqKfT_8

#TitanCementGroup #digitaltransformation #sustainablegrowth

Our new #terminal on the Samsun port, Turkey, consisting of four silos with total storage #capacity of 45,000 tons is ready, already exporting our #lowercarbon cement Type IL to the growing US market. This new investment implemented by Adocim, the Group’s subsidiary in the country, will enable us to further increase our sales of lower carbon cement contributing to our Group’s #netzero goal towards a #greener and more #sustainable future.

#TitanCementGroup #sustainablegrowth #climateaction

We are committed to enabling #circular and #netzero construction. Our Xirorema #quarry in Greece is the first limestone aggregate quarry in the country and in Europe with an #EnvironmentalProductDeclaration (EPD) within the framework of the International EPD® System. This certification provides comparable information about the environmental #impact of the products ensuring environmental #excellence across their whole life cycle, from the production process to the final offering to our #customers. 

#TitanCementGroup #ESG #sustainableconstruction

Watch Othon Manis, our Manufacturing Digitization & Data Management Director, talking about the #ArtificialIntelligence-based Real Time Optimizer (RTO), one of TITAN’s signature #digital #solutions, and the significant benefits that it brings to the cement production process.

#TitanCementGroup #digitaltransformation #smartcementplantofthefuture #TitanTeam

Congratulations to the team of Titan America's Pennsuco Quarry, which has been awarded the National Mining Association (NMA) Sentinels of Safety Award in the Large Quarry category, tying the record for the greatest number of wins by any quarry in the United States! This is the second year in a row that the Pennsuco Quarry has been recognized for its safety performance and the eighth time overall. Keep up the good work!

#TitanCementGroup #safetyfirst #ESG #sustainability

We are building a #sustainable built environment with our innovative #materials and #solutions. In Egypt, we offer our #lowercarbon cement CEM III to build “The Cairo monorail” which in its full expansion will connect the New Administrative Capital with the Cairo metropolitan area and the 6th of October City with Giza. This project will be the longest monorail system in the world and will enable fast, sustainable, comfortable and safe transportation for 45,000 passengers per hour in each direction. The first trial operation of the East Nile line was held in early November.

#TitanCementGroup #sustainableconstruction #netzero

TITAN Group is among the first companies in the global cement industry to have its 2030 GHG emissions reduction #targets validated by the Science Based Targets initiative as consistent with the levels required to limit the global temperature increase to 1.5°C. Raising our #climateambition even higher, we seek to address not only direct (Scope 1) emissions and indirect emissions from the generation of purchased electricity (Scope 2), but also other indirect emissions of the supply chain (Scope 3). 

See our detailed targets here: 10112022_SBTi_validates_TITANs_updated_GHG_emissions_reduction_targets_as_consistent_with_the_1.5oC_scenario.pdf (titan-cement.com)

#TitanCementGroup #climateaction #sustainablegrowth #ESG

Strong sales and EBITDA #growth for TITAN in #Q32022 thanks to robust volumes and price over costs performance! At the same time, we have accelerated our cost savings and efficiencies with #digitalized manufacturing and #customer interfaces and we are presenting solid #decarbonization results.  
You may see our full results here:  https://lnkd.in/grkqf7zc

Our Chairman of the Group Executive Committee, Marcel Cobuz commented: “Congratulations to #TitanTeam across all our markets for a strong Q3 performance. It is exciting to see our progress on margins, the impact of digital tools on costs and efficiencies, and the significant progress on low carbon products rollout in US and other main markets. We will continue to invest for growth as we are transforming our business at an accelerated pace and work hard and with passion to offer our customers innovative solutions to build a more sustainable, net zero world”.

#TitanCementGroup #sustainablegrowth

TITAN contributes to major infrastructure projects that foster #connectivity and improve people’s lives! In Greece, we offered our #products for the expansion of Metro Line 3 in Athens, which now connects the Port of Piraeus with the Athens International Airport “Eleftherios Venizelos”. It is estimated that with this expansion, an additional number of 132,000 citizens will use the Metro on a daily basis. This is translated to 23,000 fewer vehicles on the roads and 70 tons less carbon in the atmosphere in a day.

#TitanCementGroup #sustainableconstruction #sustainability #netzero

Congratulations to both our Titan America cement plants that have earned 2022 ENERGY STAR® certification by the US Environmental Protection Agency (EPA) for achievements in #energy performance. #EnergyEfficiency is an important lever of our #decarbonization roadmap towards #netzero, and we are proud of our #TitanTeam leading the way!
 
Both Titan America plants have been honored consistently year after year by the EPA for this achievement. This marks the 15th consecutive year for our Roanoke cement plant in Virginia and the 14th consecutive year for our Pennsuco cement plant in Florida! 

#TitanCementGroup #climateaction #sustainability #positiveimpact

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	127.40M -	42.70M 66.48%	53.80M 26.00%	53.16M 1.20%	1.55M 97.08%	91.56M 5,799.16%	110.48M 20.67%	268.69M 143.20%
depreciation and amortization	127.10M -	116.40M 8.42%	115.80M 0.52%	137.94M 19.12%	138.78M 0.61%	136.69M 1.51%	152.54M 11.60%	151.98M 0.37%
deferred income tax				23.68M -	95.50M 303.28%	-2.33M 102.43%	6.47M 378.15%
stock based compensation				2.09M -	1.72M 17.86%	886K 48.49%	3.69M 316.70%
change in working capital				-1.04M -	5.47M 623.73%	-43.98M 903.54%	-91.91M 108.99%	-53.88M 41.37%
accounts receivables				7.59M -	-11.82M 255.83%	-52.64M 345.33%	-71.51M 35.84%
inventory				10.28M -	13.47M 31.05%	-44.85M 432.90%	-99.86M 122.66%
accounts payables				-24.84M -	3.69M 114.84%	53.77M 1,358.39%	78.72M 46.40%
other working capital				5.93M -	135K 97.72%	-258K 291.11%	733K 384.11%
other non cash items	14.70M -	67M 355.78%	91.70M 36.87%	58.54M 36.16%	56.40M 3.65%	35.77M 36.59%	62.70M 75.30%	39.05M 37.71%
net cash provided by operating activities	269.20M -	226.10M 16.01%	261.30M 15.57%	274.36M 5.00%	299.43M 9.14%	218.59M 27.00%	243.97M 11.61%	405.84M 66.35%
investments in property plant and equipment				-109.31M -	-84.30M 22.89%	-126.04M 49.53%	-241.89M 91.91%	-224.01M 7.39%
acquisitions net				-312K -	-685K 119.55%	291K 142.48%	5.75M 1,875.26%	6.01M 4.51%
purchases of investments				-312K -	-355K 13.78%	-336K 5.35%		-3.43M -
sales maturities of investments				312K -	355K 13.78%	336K 5.35%
other investing activites	-240M -	-165.30M 31.13%		11.87M -	6.12M 48.47%	10.16M 66.12%	2.07M 79.60%
net cash used for investing activites	-240M -	-165.30M 31.13%	-139.20M 15.79%	-97.75M 29.78%	-78.86M 19.32%	-115.59M 46.57%	-234.07M 102.50%	-221.43M 5.40%
debt repayment				-455.18M -	-459.93M 1.04%	-347.97M 24.34%	-425.98M 22.42%	-48.40M 88.64%
common stock issued				1.05M -	779K 25.74%	1.23M 58.02%	808K 34.36%	1.10M 35.77%
common stock repurchased				-8.12M -	-8.82M 8.56%	-4.00M 54.66%	-23.81M 495.80%	-14.92M 37.36%
dividends paid				-13.69M -	-17.61M 28.67%	-31.98M 81.58%	-38.62M 20.74%	-45.73M 18.42%
other financing activites	42.70M -	-82.60M 293.44%		215.87M -	390.72M 81.00%	149.80M 61.66%	508.47M 239.42%	-80M 115.73%
net cash used provided by financing activities	42.70M -	-82.60M 293.44%	-108.40M 31.23%	-260.07M 139.92%	-94.86M 63.52%	-232.92M 145.52%	20.87M 108.96%	-91.15M 536.78%
effect of forex changes on cash	-100K -			2.85M -	-9.65M 437.93%	3.36M 134.82%	-4.95M 247.25%
net change in cash	71.80M -	-21.80M 130.36%	13.70M 162.84%	-80.61M 688.41%	116.05M 243.96%	-126.56M 209.05%	25.82M 120.40%	168.82M 553.82%
cash at beginning of period	107.90M -	176M 63.11%	157.30M 10.63%	171M 8.71%	90.39M 47.14%	206.44M 128.39%	79.88M 61.30%	105.70M 32.32%
cash at end of period	179.70M -	154.20M 14.19%	171M 10.89%	90.39M 47.14%	206.44M 128.39%	79.88M 61.30%	105.70M 32.32%	274.52M 159.71%
operating cash flow	269.20M -	226.10M 16.01%	261.30M 15.57%	274.36M 5.00%	299.43M 9.14%	218.59M 27.00%	243.97M 11.61%	405.84M 66.35%
capital expenditure				-109.31M -	-84.30M 22.89%	-126.04M 49.53%	-241.89M 91.91%	-224.01M 7.39%
free cash flow	269.20M -	226.10M 16.01%	261.30M 15.57%	165.05M 36.84%	215.13M 30.34%	92.55M 56.98%	2.08M 97.76%	181.84M 8,654.79%

COM:TITAN-CEMENT

Titan Cement Group

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22/11 16:35

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