< Egypt
Engaging with local community
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
The Alexandria plant contributed to the well being of the Wadi El-Kamar area with a series of actions at local level that included:
Donating medicines to the local Medical Centre, improving the conditions and the facilities of the local school, improving health, safety and environmental conditions of the local area, planting trees, organizing a football tournament with the participation of local citizens, celebrating Egyptian National Orphans’ Day on the plant’s premises, donating daily evening meals to poor families during Ramadan. The Beni Suef plant organized together with the Directorate of Youth and Sports a major competition on the Holy Quran throughout the month of Ramadan, awarding prizes to the top five winners.
The plant donated cement and cash to support and enhance the local community. It also donated dry food (Ramadan bags) to the population in the vicinity of the plant.