Displaying items by tag: Titan Greece

Greece: Titan Group recorded sales of €684m in the third quarter of 2025, up by 3% year-on-year, supported by growth across all regions. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 20% to €187m, driven by firm pricing, cost management and operational improvements.

In Greece, sales and EBITDA grew strongly, supported by double-digit volume increases across product lines amid continued construction market expansion. In the US, improved market conditions and favourable weather helped raise cement, ready-mix, aggregates and fly ash volumes, while sustained pricing strength delivered higher sales and EBITDA in dollar terms. Southeast Europe also recorded strong growth, with higher cement volumes and firm pricing reversing the softer performance seen earlier in the year. In the Eastern Mediterranean, Egypt accounted for most of the region’s revenue and profitability following the sale of Adocim in Türkiye in May 2025, posting strong domestic and export sales.

For the first nine months of 2025, Titan’s sales rose by 1% year-on-year to €2.01bn, while EBITDA grew by 8% to €473.6m (+13% when adjusted for the Adocim sale and currency effects). Domestic cement volumes totalled 13.2Mt, up by 2%.

Greece: Titan Group has entered a strategic partnership with thyssenkrupp Polysius to advance Polysius’ meca clay technology, which aims to reduce CO₂ emissions from cement production. The collaboration was formalised through a memorandum of understanding.

The meca clay system activates alternative cementitious materials to partially replace clinker, thereby lowering emissions and energy use without affecting performance, according to the company. Titan will first implement the technology at its Patras cement plant, with pilot activities scheduled for 2026 and further rollout planned. The partnership targets the production of low-carbon cement with a clinker-to-cement ratio below 40%, compared to 93% in ordinary Portland cement.

Greece: Titan Greece has obtained Enterprise Greece’s strategic investment status for its upcoming 1.9Mt/yr-capacity IFESTOS carbon capture project at the Kamari cement plant in Boeotia. The status also extends to an upcoming Business Park adjacent to the plant. The IFESTOS project is currently at the stage of basic design and environmental studies, with a final investment decision due in 2026. An anticipated 750 direct and indirect jobs will result from the construction and operation of the carbon capture unit.

Titan Cement Group’s Europe regional executive director Yanni Paniaras said "IFESTOS’ inclusion underlines the importance of the project for Greece. Preparation continues apace.”