Distribution of value created by TITAN Group in 2011
Total value created in 2011 was €1026.6 million and distributed to key stakeholders as follows:
- To employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law: €218.1 million
- To local and international suppliers: €642.9 million
- For new investments in fixed assets: €58.1 million
- To state and local authorities through taxation: €82.6 million
- Return to shareholders and minorities: €24.9 million
A new program C-Mentors was launched in 2011 first in Egypt, then in Albania, Bulgaria and Turkey. Focused primarily on developing young engineers on a fast-track pace to be world-class cement professionals, C-Mentors program provides condensed industrial knowledge and deep experience cascaded, shared and transferred from internal trainers to trainees.
Workshops run over two days, introducing first of all the main Industrial Competencies for cement professionals, related to the required competencies for every role in the plant and methodological tools that can help in identifying and filling individual development gaps, such as the Industrial Competencies Matrix, Job Profiling and Individual Development Priorities (IDPs).
C-Mentors is a training program based on an Industrial Competency Framework and it has been long awaited by the group as a systematic approach to train and to develop our people based on actual needs.