Greece: Titan Cement has acquired a share in Aegean Perlites. The company operates perlite and pozzolan quarries on the island of Yali. It also has access to port facilities. Titan Group says it is making the investment to gain direct access to pozzolan reserves to increase its volume of pozzolan-based cementitious products with a lower clinker factor. The deal is connected to Titan’s target to reduce its CO2 emissions by 35% by 2030, compared to 1990 levels, and increase the share of green products in its portfolio to over 50%.
Yanni Paniaras, the Group Executive Director Europe of Titan, said “We are pleased to partner with the Govdelas family as joint shareholders in Aegean Perlites, building on our excellent long-term collaboration and aiming to grow our business, maximising the high potential of the Yali pozzolans.”