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News Titan Cement Group publishes 2022 Integrated Report

Titan Cement Group publishes 2022 Integrated Report

Written by Global Cement staff 06 April 2023
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Greece: Titan Cement Group published its 2022 Integrated Report on 6 April 2023. The report outlines the cement producer’s financial and environmental, social and governance (ESG) performance. For the full year, the group recorded a net profit of Euro110m, up by 19.3% year-on-year. It made ‘record’ capital expenditure investments of Euro242m, and increased its net debt by 12% to Euro797m.

The group says that it is ‘on track’ to meet its ESG targets for 2025 and beyond. It reduced its specific CO2 emissions by 5% decade-on-decade in 2022. Throughout the year, Titan Cement Group continued its investments in research, development and innovation activities across all markets, with an increased focus on carbon capture, storage and utilisation. It also rolled out its digital transformation to further plants around the globe.

Published in Global Cement News
Tagged under
  • Greece
  • Titan Cement
  • CO2
  • Sustainability
  • Report
  • Investment
  • Debts
  • CCUS
  • digitisation
  • Industry 40
  • carbon capture
  • decarbonisation
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