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News Titan Cement’s first-half 2022 sales rise

Titan Cement’s first-half 2022 sales rise

Written by Global Cement staff 28 July 2022
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Greece: Titan Cement’s consolidated sales rose by 26% year-on-year to Euro1.04bn in the first half of 2022 from Euro821m in the first half of 2021. The group’s US sales rose by 23% to Euro595m from Euro482m. Its Southeastern Europe sales grew by 28% to Euro169m, while its Greece and Western Europe sales grew by 21% to Euro158m and its Eastern Mediterranean sales grew by 49% to Euro113m. The producer also holds a stake in Brazil-based Cimento Apodi, which recorded sales growth of 38% to Euro50.5m. Titan Cement’s earnings before interest, taxation, depreciation and amortisation (EBITDA) amounted to Euro139m, down by 2.5% from Euro143m. The producer expects cost pressures to persist throughout 2022. It says that its focus is on safeguarding its production, protecting its margins, improving its efficiencies and continuing with its carbon mitigation strategies.

Titan Cement’s CO2 emissions per tonne of cementitious product fell by 5.6% year-on-year, driven by a reduction in the clinker factor.

Last modified on 03 August 2022
Published in Global Cement News
Tagged under
  • US
  • Greece
  • Titan Cement
  • Titan America
  • Brazil
  • Cimento Apodi
  • costs
  • GCW568

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