Ciglana ad Titel
BBELEX:CGLT469.00
RSD
0.00
(0.00%)
Ciglana ad Titel
BELEX:CGLT
(Belgrade Stock Exchange)
Recent
price
469.00
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Ciglana ad Titel is a Serbian manufacturer and supplier of heavy clay building materials and structural ceramic products for the civil engineering and building construction sectors. The company specializes in the extraction of raw brick clay and the industrial fabrication of fired clay masonry products; solid structural clay bricks for partition and load-bearing wall construction; hollow clay building blocks and perforated ceramic masonry units; traditional clay roof tiles and associated ceramic roofing accessories; specialized ceramic construction elements; and the wholesale distribution of building materials to commercial developers, residential builders, infrastructure contractors, and building material retail networks across Serbia, primarily serving the Autonomous Province of Vojvodina. In recent corporate developments, Ciglana ad Titel entered formal court-supervised bankruptcy proceedings, transitioning corporate governance and executive management to a court-appointed bankruptcy administrator tasked with overseeing operational downsizing, debt settlement, and asset management. In conjunction with the insolvency status and regulatory compliance reviews, the Belgrade Stock Exchange instituted trading halts and suspensions on the company's equity shares traded under the ticker symbol CGLT on the Open Market segment. The organization has consequently shifted its primary operational focus from commercial-scale kiln manufacturing to financial restructuring, corporate asset preservation, liquidation management, and legal reorganization under judicial administration. Founded in 2004 following the corporate transformation and privatization of regional state-owned brickworks, Ciglana ad Titel is headquartered in Titel, Republic of Serbia.