Due to the deepening economic crisis, the Greek market witnessed a sharp contraction in building activity and reached a forty-year low.
In 2011, the collapse of the domestic and export markets led to historically low capacity utilization at the Greek cement plants.
Cement exports were negatively impacted by political and social upheaval in northern Africa and the civil war in Libya.
Other exports remained largely stable.
Concrete sales by the Group’s subsidiary INTERBETON declined sharply. In contrast with the previous year, the company did not supply concrete for public works, resulting in reduced deliveries that were proportionate with the drop in the market.
Sales of aggregates posted a significant decline compared with 2010 due to the ongoing contraction in construction activity and significantly reduced investments in public works.
Sales of dry mortars posted significant decline, in line with domestic market trends
Managing in the Global Macroeconomic Environment
Within the dynamic and continuously evolving global macroeconomic environment, managers need to find ways to lead their companies by successfully utilizing resources in order to take
The need to transmit valuable technical knowledge and experience to technical professionals and newly-hired employees, as well as the need to familiarize them with the Group’s corporate culture...
Focus on unemployment
With a view to share know-how, experience and human resources, for the benefit of young people who face long-term unemployment, the TITAN Group has focused on...
Summer internships and on the job training
More than 1,000 students have obtained work experience and tested their professional skills in summer internship programs offered by TITAN in Greece...
The Post-Graduate Students’ Forum
The Post-Graduate Students’ Forum is a collaborative initiative designed to connect business with the academic community and future leaders.
Social Solidarity and Volunteering
Donating blood in a country that demand exceeds existing supplies is always a priority. For TITAN, the annual blood donation program runs from the 1960’s and remains a significant event for the company and its employees...
New generation kiln burners (Kamari cement plant, Greece)
As part of the Group’s collective efforts to maximize the use of alternative fuels, along with reducing the NOx emissions, a project for replacing the old burners of both rotary kilns was carried out.
Alternative fuels installation (Kamari cement plant, Greece)
During 2011, an existing installation for handling, storing and feeding alternative fuels at the Kamari cement plant was upgraded.
Utilizing concrete returns (Ready-mix plants, Greece)
Continuing the practice - started in the last several years - of utilizing concrete returns as an alternative raw material in the production of clinker and cement/concrete...
Alternative fuels installation (Thessaloniki cement plant, Greece)
At a time when recycling is not just a trend, but a necessity and a solution to one of the major problems facing our planet, the cement industry has a positive contribution to make towards the protection...
Recycling demolition waste (Elefsina cement plant, Greece)
During 2011 a number of old buildings at the Elefsina cement plant were demolished. As part of the project, TITAN planned and implemented a total management scheme for all waste generated.