Titan Cement

Titan Cement Company S.A. is a large multinational cement and building materials producing company, based in Athens, Greece.

TITAN was founded in 1902, and was listed on the Athens stock exchange ten years later, in 1912. Among the company’s assets are 13 cement production facilities, 3 located in Greece (Nea Efkarpia in Thessaloniki, Drepano in Achaea[9], Kamari in Boeotia) with total production capabilities of 6.5m MT, 2 in the USA (Virginia and Florida) with total production capabilities of 3.5m MT, 5 in Southeastern Europe (Bulgaria, Serbia, Albania, Kosovo and North Macedonia) with total production capabilities of 5.6m MT and 3 in Middle East (Egypt and Turkey) with 7.5m MT production capabilities.[10] Additionally there are 25 distribution terminals, 126 ready-mix plants, 64 quarries, 3 grinding plants, 9 concrete block plants, 9 Fly ash processing plants, 1 dry mortar plant and 1 processed engineered fuel facility.[11]

In 2017, TITAN Cement had a total turnover of €2.595 billion and a net profit of €230.9 million.[12] TITAN participates in local and international CSR and Sustainability initiatives and is a member of CSR Europe, WBCSD and CSI.[13][14][15] In August 2016, Titan acquired an equity stake in Companhia Industrial de Comento Apodi, a Brazilian cement manufacturer.[16]

In 2019, Titan Cement announced its successful public offering, reaching 93% of common shares and 92.3% of preference shares.[17]