Titan Cement
Encyclopedia
Titan Cement Company S.A. is a large cement
producing company
, based in the Ano Patissia
suburb of Athens
, Greece
. In 2009, it was ranked 8th in the entire world for the award of "Top Company For Leaders" receiving global distinction regarding the development of human capital and leadership competencies. Founded in 1902, it was listed on the Athens stock exchange ten years later. The company has an annual cement production capacity of 6 million tons in Greece and a market share of around 40%. The Titan Group's annual production capacity abroad is another 8 million tons. Among the assets are 11 cement production facilities, 4 located in Greece, 2 in the USA (Virginia
and Florida
), 3 in Southeastern Europe (Bulgaria
, Serbia
, Albania
and the Republic of Macedonia
) and 2 in Middle East (Egypt
), 7 cement distribution centres, 67 ready-mix concrete facilities, 10 quarries, 3 mines, 1 mortar production facility and 1 china tableware factory.
In 2008, Titan Cement had a total revenue
of €
1.578 billion and a net income
of €208 million. Since the last decade, one of its major policies is international expansion, including a joint venture with Lafarge
, the worldwide leader in cement production in 1999 and the purchase of Tarmac America Inc. in 2000.
Cement
In the most general sense of the word, a cement is a binder, a substance that sets and hardens independently, and can bind other materials together. The word "cement" traces to the Romans, who used the term opus caementicium to describe masonry resembling modern concrete that was made from crushed...
producing company
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
, based in the Ano Patissia
Ano Patissia
Ano Patissia is a neighbourhood in Athens, Greece, and home of the Ano Patissia station.-Commerce:Near the ISAP station there are many businesses, including a large Internet cafe and billiard centre, many banks and companies,as also and one of the largest schools in Greece,Lycée Léonin.Further from...
suburb of Athens
Athens
Athens , is the capital and largest city of Greece. Athens dominates the Attica region and is one of the world's oldest cities, as its recorded history spans around 3,400 years. Classical Athens was a powerful city-state...
, Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
. In 2009, it was ranked 8th in the entire world for the award of "Top Company For Leaders" receiving global distinction regarding the development of human capital and leadership competencies. Founded in 1902, it was listed on the Athens stock exchange ten years later. The company has an annual cement production capacity of 6 million tons in Greece and a market share of around 40%. The Titan Group's annual production capacity abroad is another 8 million tons. Among the assets are 11 cement production facilities, 4 located in Greece, 2 in the USA (Virginia
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...
and Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
), 3 in Southeastern Europe (Bulgaria
Bulgaria
Bulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
, Serbia
Serbia
Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...
, Albania
Albania
Albania , officially known as the Republic of Albania , is a country in Southeastern Europe, in the Balkans region. It is bordered by Montenegro to the northwest, Kosovo to the northeast, the Republic of Macedonia to the east and Greece to the south and southeast. It has a coast on the Adriatic Sea...
and the Republic of Macedonia
Republic of Macedonia
Macedonia , officially the Republic of Macedonia , is a country located in the central Balkan peninsula in Southeast Europe. It is one of the successor states of the former Yugoslavia, from which it declared independence in 1991...
) and 2 in Middle East (Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
), 7 cement distribution centres, 67 ready-mix concrete facilities, 10 quarries, 3 mines, 1 mortar production facility and 1 china tableware factory.
In 2008, Titan Cement had a total revenue
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
of €
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
1.578 billion and a net income
Net income
Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period. Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings...
of €208 million. Since the last decade, one of its major policies is international expansion, including a joint venture with Lafarge
Lafarge
Lafarge is a French industrial company specialising in four major products: cement, construction aggregates, concrete and gypsum wallboard. In 2010 the company was the world's second-largest cement manufacturer by mass shipped behind Holcim.-History:...
, the worldwide leader in cement production in 1999 and the purchase of Tarmac America Inc. in 2000.