Titan Cement

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

Titan Cement Company S.A.
Τσιμέντων Τιτάν Α.Ε.
Anonymi Etairia
Traded asAthex: TITK
Athex: TITP[1]
IndustryCement and Building materials
FoundersNikolaos Canellopoulos
Area served
Europe, America, Middle East
Key people
Eystratios Arapoglou (Chairman)
Dimitrios Papalexopoulos (MD)
construction aggregates
ready mix concrete
fly ash
dry mortars
building blocks
Revenue1.505 billion (2017)[2]
€273.4 million (2017)[3]
42.7 million (2017)[4]
Total assets2.595 billion (2017)[5]
Total equity€1.369 billion (2017)[6]
OwnerCanellopoulos Family (31.92%)
Edyvem limited (11%)[7]
Number of employees
6,501 (end 2015)[8]

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]


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