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Titan Cement International changes name to Titan

30 June 2025

Greece: Titan Cement International, the parent company of Titan Group, has changed its legal name to Titan, following shareholder approval. The ticker symbol TITC remains unchanged on Euronext and the Athens Exchange. The company said that the simplified name reflects a ‘unified, forward-looking identity’ aligned with the group’s global presence, purpose and strategic priorities. The company has also adopted a new domain, www.titanmaterials.com.

Chair of the group executive committee Marcel Cobuz said “Our evolution into a truly diversified building and infrastructure materials company and our ongoing commitment to sustainability and innovation are embodied in this identity update. The new name and web domain presence better communicate our capabilities and ambition, as we shape the future of building materials everywhere we operate.”

Published in Global Cement News
Tagged under
  • Greece
  • Titan Cement
  • rebrand
  • Europe
  • GCW716

UltraTech Cement commissions second Maihar grinding mill

30 June 2025

India: UltraTech Cement has commissioned its second cement grinding mill at the Maihar unit in Madhya Pradesh, adding 1.8Mt/yr to its domestic production capacity. The first mill at the site began operations in March 2025.

The expansion raises UltraTech’s total grey cement capacity in India to 186.86Mt/yr and 192.26Mt/yr globally. The company said the move forms ‘part of its larger strategy.’

Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Mill
  • Grinding mill
  • commissioning
  • Madhya Pradesh
  • Expansion
  • Capacity
  • Asia
  • GCW716

Armenia extends cement import restrictions

30 June 2025

Armenia: The government will extend restrictions on cement and clinker imports from Iran and ‘other countries’ for another six months, from 21 July 2025 to 21 January 2026. The measure aims to support local producers, who reportedly face falling competitiveness and reduced production volumes, according to local press.

Armenian cement output declined by 7% year-on-year to 1.05Mt in 2024, despite a domestic capacity of 2.5Mt/yr and market demand of around 1.4–1.5Mt/yr. Imports from Iran rose by 72% year-on-year to 436,000t in 2024, following a 3.5-fold increase in 2023.

The Ministry of Economy said the restrictions ensure sufficient market supply while maintaining fair competition between domestic manufacturers and importers.

Published in Global Cement News
Tagged under
  • Armenia
  • Iran
  • Import
  • Competition
  • Production
  • Output
  • Supply
  • Asia
  • GCW716

Titan Group rises on Time Magazine’s sustainable companies list

27 June 2025

Greece: Titan Group has been named by Time Magazine as one of the most sustainable companies in the world, rising 158 positions to 150th in the annual list of 500 companies. Titan Group said that it is the highest-ranked building materials company and one of only a handful on the list. Time Magazine and data firm Statista assessed companies based on external ratings, commitments and various environmental and social Key performance indicators (KPIs) disclosed in externally-assured reports.

Leonidas Canellopoulos, Chief Innovation and Sustainability Officer at Titan Group, said "Being named one of the world’s most sustainable companies by Time for the second year in a row is a powerful endorsement of our growth strategy in action. Sustainability is woven into every decision we make – from bold innovation in new products and decarbonised processes to transparent execution.”

 

Published in Global Cement News
Tagged under
  • Titan Cement
  • Time Magazine
  • Statista
  • Sustainability
  • Greece
  • Europe
  • GCW716

Attock Cement’s parent firm ‘open to sale’

27 June 2025

Pakistan: Lebanese investment company Pharaoh Investment Group Ltd (PIGL) is considering the possibility of selling a stake in its subsidiary Attock Cement Pakistan Ltd (ACPL) amid a revaluation of its assets in the cement sector. PIGL, which is the majority shareholder of ACPL with an 84% stake, has received proposals from investors to acquire the entire stake, subject to regulatory approval.

The list of applicants includes joint proposals from the Fauji Foundation and Kotaku Power Company, as well as from Cherat Cement and Shirazi Investments. Separate applications were sent by Alpha Cement and Bestway Cement. ACPL holds a leading position in the cement market in Southern Pakistan, with a 24% market share, thanks to its 4.3Mt/yr capacity.

Published in Global Cement News
Tagged under
  • Pakistan
  • Asia
  • Attock Cement
  • Fauji Foundation
  • Kotaku Power Company
  • Cherat
  • Bestway Cement
  • Shirazi Investments
  • GCW716
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