Titan Cement International S.A.
TITC.BR
Euronext Brussels51.20
EUR
-1.30
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Titan Cement International S.A.
TITC.BR
(Euronext Brussels)
Recent
price
51.20
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Titan Cement International S.A. (TITC.BR) operates as a multiregional producer of cement and building materials, manufacturing and distributing cement, ready-mix concrete, aggregates including sand, gravel, crushed stone and recycled concrete, dry mortars, building blocks, fly ash, and other concrete products; it also provides waste management and alternative fuels services, fly ash processing, quarries, real estate development, and transportation and distribution across production facilities in 10 countries and operations in over 15 countries spanning the United States and Canada, Greece and Western Europe including France, Italy and the UK, Southeastern Europe including Albania, Bulgaria, Kosovo, North Macedonia and Serbia, the Eastern Mediterranean including Egypt and Türkiye, and Brazil through a joint venture. Founded in 1902 and headquartered in Brussels, Belgium, the company pursues vertical integration and sustainability through its Strategy 2026, advancing decarbonization with science-based CO2 reduction targets, increased alternative fuel substitution rates above 24%, low-clinker cement products, and initiatives such as the IFESTOS carbon capture project at its Athens-area plant and a calcined clay production line in Virginia supported by a $62 million US Department of Energy grant. Recent developments include the February 2025 initial public offering and NYSE listing of its US subsidiary Titan America raising $393 million in gross proceeds, with Titan retaining an 86.7% stake; a joint venture with Molins in 2025 to acquire 80% of Baupartner, a precast concrete and steel structures specialist in Bosnia and Herzegovina extending to Croatia and Serbia; bolt-on acquisitions of aggregates and supplementary cementitious materials quarries in the US, Greece and Europe; inauguration of a modernized ready-mix concrete plant in Kalamata, Greece; new joint ventures for SCMs in India and Europe; investments via its corporate venture capital fund in startups including C2CA, Concrete.ai and Optimitive; and an agreement to divest its 75% stake in Adocim in eastern Türkiye.