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
Originally developed by a group of management researchers from the University of Strathclyde, in Scotland, the Global Management Challenge is currently one of the most popular management simulators in the whole world.
TITAN Cement Egypt participated in a global business championship with the participation of well known companies. The first round started in February and finished in March, during which the TITAN Cement Egypt team won and came top in its group. The team took part in the next Semi-Final round.