Business Activity
Construction Activity
Due to the deepening economic crisis, the Greek market witnessed a sharp contraction in building activity and reached a forty-year low.
Cement
In 2011, the collapse of the domestic and export markets led to historically low capacity utilization at the Greek cement plants.
Cement Exports
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
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.
Aggregates
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.
Mortars
Sales of dry mortars posted significant decline, in line with domestic market trends
Social Performance
Facing the crisis
For Greece, 2011 might be remembered as the worst year since the Second World War.
Environmental Performance
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 of the environment through the utilization of alternative fuels in the production of cement.
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.