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
With the aim of promoting good health and a healthy lifestyle among its employees, TITAN Egypt launched in 2011 a campaign against smoking, followed by medical examinations and a blood tests campaign. It is a proof of the company’s concern for its most important asset - its employees - at a time when social conditions and a busy lifestyle make it hard to have regular health check-ups.
Blood pressure measurements and blood tests for major organ functions were available to all employees and the participation level (84%) confirmed the need for the campaign. The campaign is also addressed to indirect employees and in the Beni Suef plant more than 10% of them participated, making the continuation of the campaign in 2012 a top priority.