Titan Cement Group

Greek Cement producer. The Group is engaged in the production, trade & distribution of a wide range of construction materials, from aggregates, cement, concrete, cement blocks, dry mortars and fly ash, as well as porcelain ware. it operates primarily in Greece, Egypt and the United Sataes, where its facilities include cement plants, cement distribution terminals, flying ash processing plants, quarries, concrete plants, grinding plants and dry mortar plants.
By 1999, Titan - lafarge joint venture acquired majority shareholding in Beni Suef Cement and operation of new terminal in Safaga, Egypt. In 2008 Titan Group acquired 100% of the Lafarge - Titan Egyptian Investments joint venture (Beni Suef, Alexandria Portland Cement), in Egypt.
Considering selling a minority stake in its Egyptian business, as it struggles to cut debt and contain costs. Titan runs two cement plants in Egypt, Titan.s fastest growing market. Contrary to a building slump in Titan.s main markets, Greece and the United States, business in Egypt is expanding and accounts for an increasing share of group profit. Sales in the eastern Mediterranean, including Egypt, more than doubled year-on-year in the first half of 2009, accounting for a fifth of the total, up from 8 percent a year earlier. Titan expects a second product line at its Egyptian Beni Suef cement plant to start operating in November.
In May 2010, Titan has launched a new expansion of Beni Suef Cement plant with investments of EURO160 million increasing the plant production capacity by 1.5 million tons/ year.
In 2010, Alexandria Portland Cement, Titan Greece.s 100% subsidiary, became the holding company of Titan operations in Egypt. As a result, Alexandria Portland acquired 99.9% of Beni Suef Cement and 96% of Titan Concrete & Marble Misr.