Titan Group announces the signing of a definitive agreement with the Privatization Agency of Kosovo for the purchase, through its affiliate “ Sharr Beteiligungs GmbH” , of the Sharr cement plant.
The acquisition is not expected to have a material impact on the Group’s results, as the plant, with a rated capacity of 600.000 tons per annum, was already under Titan management, on the basis of a lease agreement.
Titan is an independent cement and building materials producer with over 100 years of industry experience. Based in Greece, the Group operates in 8 countries, owning 13 cement plants. Throughout its history Titan has aimed to combine operational excellence with respect for people, society and the environment.
In 2009, the Group sold over 16 m. tonnes of cement and cementitious materials, 4 m. m3 of ready mixed concrete, 15 m. tonnes of aggregates and various other building materials like concrete blocks, dry mortars etc.
Detailed financial and other information is available on the Titan Group website: www.titan-cement.com
The above announcement was notified to the Athens Exchange, the HCMC and was also posted on the Athens Exchange website.