Türkiye: Titan has signed a share purchase agreement to acquire 100% of Traçim Çimento, which operates a 2.5Mt/yr integrated cement plant near Istanbul. The plant supplies the local market and can export to neighbouring countries and the US. A joint solar power project with the sellers is also planned.
The deal strengthens Titan’s operations in western Türkiye, where it already owns a grinding plant and pozzolana quarry in the Marmara region. It also complements the group’s export network to the US. The purchase price is approximately US$190m. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.