Titan Cement

TITAN Group is an international cement and building materials producer aspiring to serve the needs of society, while contributing to sustainable growth with responsibility and integrity. The Group has cement production facilities in 10 countries and presence in more than 15 countries. With an annual capacity of 27 million metric tons of cement and cementitious materials, it employs about 5,500 people worldwide. The Group’s business activities include the production, transportation and distribution of cement, concrete, aggregates, fly ash, mortars and other building materials.

Titan Cement Group.
Όμιλος Τσιμέντων Τιτάν
S.A. (corporation)
Traded asEuronextTITC
AthexTITC[1]
ISINGRS074084005 Edit this on Wikidata
IndustryCement and Building materials
Founded1902 in Greece
FoundersNikolaos Canellopoulos
Headquarters
Area served
Europe, America, Middle East
Key people
Eystratios Arapoglou (Chairman)
Dimitrios Papalexopoulos (MD)
ProductsCement
construction aggregates
ready mix concrete
fly ash
dry mortars
building blocks
Revenue1,490 billion (2018)[2]
€259,741 million (2018)[3]
55,984 million (2018)[4]
Total assets2,869 billion (2018)[5]
Total equity€1,471billion (2018)[6]
OwnersEDYVEM & TCI/TITAN founders 38%
Paul and Alexandra Canellopoulos Foundation 9.88%[7]
Number of employees
5,365 (end 2018)[8]
Websitehttp://www.titan-cement.com/

TITAN creates value through the transformation of raw materials into building products, their distribution to customers and the provision of related services, serving the societal need for safe, durable, resilient and affordable housing and infrastructure. By actively participating in global collaborations and international organizations TITAN aims to address global sustainability challenges, under the framework of the UN Sustainable Development Goals for 2030. TITAN is a participant of the UN Global Compact (UNGC) and a core member of CSR Europe the World Business Council for Sustainable Development (WBCSD) and the Global Cement and Concrete Association (GCCA).

The Group’s parent company is TITAN Cement International (TCI), a Belgian company listed on Euronext Brussels, Euronext Paris and Athens Exchange. TITAN Cement International became TITAN Group’s parent company following the successful completion of a Voluntary Share Exchange Offer submitted to the shareholders of TITAN Cement Company S.A., the Group’s former parent company, which is based in Greece. The statutory seat of TCI is in Brussels, while its seat of management is in Cyprus.

In 2019, the Egyptian Financial Regulatory Authority (FRA) obliged Titan Cement to submit a mandatory tender offer (MTO) in order to purchase the remaining shares in Alexandria Portland Cement. This request comes following Titan's acquisition of Alexandria Development Ltd. [9]

GalleryEdit

ReferencesEdit

  1. ^ [1]
  2. ^ http://integratedreport2018.titan.gr/uploads/%CE%99ntegrated_report_2018_EN.pdf
  3. ^ http://integratedreport2018.titan.gr/uploads/%CE%99ntegrated_report_2018_EN.pdf
  4. ^ http://integratedreport2018.titan.gr/uploads/%CE%99ntegrated_report_2018_EN.pdf
  5. ^ http://ir.titan.gr/uploads//apologismoi/2017/IAR-2017-ENG.pdf
  6. ^ http://ir.titan.gr/uploads//apologismoi/2017/IAR-2017-ENG.pdf
  7. ^ https://ir.titan-cement.com/en/shareholder-center/shareholder-structure/
  8. ^ http://integratedreport2018.titan.gr/uploads/%CE%99ntegrated_report_2018_EN.pdf
  9. ^ "Titan Cement ordered to submit MTO for Alexandria Portland Cement's shares". english.mubasher.info. 2019-11-26. Retrieved 2020-02-10.

External linksEdit