TITAN Signs 10-Year Agreement with Electric Power of Serbia to Expand its Alternative Materials Platform
MWN-AI** Summary
TITAN Group has entered a significant 10-year agreement with Electric Power of Serbia (EPS) to enhance its Alternative Cementitious Materials (ACMs) platform. This partnership allows TITAN to access approximately 5 million tons of fresh fly ash from the TENT B “Obrenovac B” power plant, essential for expanding its sustainable building materials portfolio. The move exemplifies TITAN's commitment to strengthening its supply chain while addressing the increasing demand for low-carbon construction solutions.
Fly ash and similar ACMs are critical in reducing the carbon footprint of cement and concrete by serving as lower-carbon substitutes for traditional clinker. This agreement not only fortifies TITAN’s reserves but also supports its “TITAN Forward 2029” strategy aimed at achieving profitable decarbonization and reinforcing net-zero and circular economy objectives. According to Jean-Philippe Benard, Chief Executive, Cementitious & Energy, it positions the company favorably in the evolving landscape of sustainable construction.
Miroslav Gligorijevic, General Manager of TITAN Serbia, emphasized the partnership's environmental benefits, stating that it provides a sustainable solution for managing industrial waste and promotes better local community outcomes. Moreover, the agreement accompanies an investment plan to upgrade TITAN Serbia's infrastructure, enhancing the supply of low-clinker products essential for sustainable building methods.
In alignment with its growth strategy, TITAN aims to allocate up to €0.5 billion in capital expenditures to develop its global ACMs platform, targeting a 10% contribution to Group turnover by 2029. This initiative will leverage innovative technologies and establish partnerships in existing and new markets, ensuring customers have access to high-performance, decarbonized products.
With over 120 years in the industry, TITAN Group maintains a strong presence across developed markets while prioritizing sustainability and community engagement.
MWN-AI** Analysis
TITAN Group's recent 10-year agreement with Electric Power of Serbia (EPS) marks a pivotal moment in its strategy to enhance the Alternative Cementitious Materials (ACMs) platform. This contract secures a robust supply of approximately 5 million tons of fly ash, crucial for the Group’s low-carbon cement production ambitions. As climate-conscious construction demand escalates, TITAN has positioned itself advantageously within the Southeastern European market.
From a financial analyst's perspective, TITAN's investment in sustainable materials aligns with global trends favoring decarbonization. The company’s commitment to allocate up to €0.5 billion in capital expenditures over the coming years reinforces its strategic vision, expected to yield approximately 10% of Group turnover by 2029. This growth trajectory not only bolsters revenue potential but also enhances brand loyalty among environmentally conscious customers.
Judging by the remarks from executives, this partnership with EPS not only strengthens supply chain resilience but is also indicative of TITAN’s proactive approach to industrial waste management—a key concern for stakeholders and regulatory bodies. By transforming fly ash into a viable component of building materials, TITAN appeals to local communities and increases its competitive edge.
Moreover, with ongoing initiatives across Turkey, Greece, and India, TITAN's diversified ACM sourcing strategy mitigates risks associated with supply fluctuations. Investors should note that this holistic approach positions TITAN favorably against competitors who may lag in sustainable practices.
In conclusion, given TITAN’s strategic alignment with global sustainability trends, proactive resource management, and ambitious revenue goals, the Group appears poised for robust growth. Investors should consider accumulating shares in TITAN as it continues to evolve as a leader in low-carbon construction materials.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TITAN Group (Brussels:TITC) accelerates the expansion of its Alternative Cementitious Materials (ACMs) platform through a new long-term agreement with Electric Power of Serbia (EPS), the country’s state-owned power utility. Under the 10-year contract, TITAN secures access to approximately 5 million tons of fresh fly ash from the TENT B “Obrenovac B” power plant, reinforcing the Group’s long-term strategic resource in alternative cementitious materials.
By securing high-quality ACM supply at scale, TITAN enhances supply chain resilience and competitiveness, positioning the Group to benefit from growing customer demand for low-carbon building materials and solutions. Fly ash and other ACMs serve as lower-carbon substitutes for clinker in cement and concrete, enabling its customers in Southeastern Europe and beyond to significantly reduce embodied CO? emissions in construction projects.
Jean-Philippe Benard, Chief Executive, Cementitious & Energy of TITAN Group, commented: “This long-term agreement strengthens our ACM reserves and is another step towards our “TITAN Forward 2029” strategy. It supports our ambition for a profitable decarbonization by growing the ACM business and reinforce our net-zero and circular economy objectives, provides environmental benefits, and positions TITAN to deliver high-performance, low-carbon building materials while creating long-term stakeholder value.”
Miroslav Gligorijevic, General Manager of TITAN Serbia, commented: "We are very pleased with our partnership with EPS, which strengthens TITAN Serbia’s operations. This agreement enables us to offer a sustainable solution for managing industrial waste in the country, benefiting both the environment and local communities. At the same time, we will implement a significant investment plan to upgrade TITAN Serbia’s infrastructure. This will further ensure that o ur customers will gain the advantages of our low-clinker products, supporting more sustainable construction practices."
This milestone builds on TITAN’s expanding ACM portfolio, including securing pozzolan in Turkey at Vezirhan or in Greece with the Aegean Perlites’s partnership, the Atlas joint venture with Jaycee in India for fly ash or the investment to recover ponded fly ash in Fiddler’s Ferry power station (UK), following an agreement with PEEL.
In line with TITAN Forward 2029 strategy, the Group will continue to scale an integrated global ACMs platform, dedicating a CAPEX envelope up to €0.5bn in the next years, with the aim of reaching 10% of Group turn-over by 2029. This new platform will allow our customers to benefit from innovative and high-performance decarbonized products, by expanding ACMs sourcing and trading capabilities, pursuing partnerships across existing and new geographies, and leveraging proprietary technologies.
About TITAN Group
TITAN Group is a Belgium-registered company and a leading international business in the building and infrastructure materials industry, with passionate teams committed to providing innovative solutions for a better world. With most of its activity in the developed markets, the Group employs more than 6,000 people and serves customers in over 25 markets, on four continents. It holds prominent positions in the United States, Europe - including Greece, the Balkans, the United Kingdom, Italy, and France - and the Eastern Mediterranean. The Group also has joint ventures in Brazil and India. With more than 120 years of history, TITAN has always fostered a family-and entrepreneurial-oriented culture for its employees and works tirelessly with its customers to meet the modern needs of society while promoting sustainable growth with responsibility and integrity. TITAN has set a net-zero goal for 2050 and has its CO? reduction targets validated by the Science Based Targets initiative (SBTi). The Group is listed on Euronext Brussels and Paris, and the Athens Exchange, and its US business is listed on the NYSE. For more information, visit our website at www.titanmaterials.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20260114798214/en/
FAQ**
How will the new long-term agreement with Electric Power of Serbia (EPS) impact Titan Cement International S.A. TTCIF's supply chain resilience and competitiveness in the alternative cementitious materials market?
What specific investments will Titan Cement International S.A. TTCIF make to upgrade TITAN Serbia’s infrastructure and enhance its low-clinker products in line with the new agreement?
How does the partnership with EPS align with Titan Cement International S.A. TTCIF's "TITAN Forward 2029" strategy and its broader decarbonization goals?
In what ways does Titan Cement International S.A. TTCIF plan to leverage its new ACM platform to drive growth and stakeholder value in response to increasing demand for low-carbon building materials?
**MWN-AI FAQ is based on asking OpenAI questions about Titan Cement International S.A. (OTC: TTCIF).
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