Titan Cement International exceeded a $16 per share target for an initial public offering of newly designated subsidiary Titan America SA, the company stated. Shares opened at $16.20 for the February 7 New York Stock Exchange trading session and were part of a 24 million-share pool outlined in an investor prospectus.
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Titan Cement Takes Next Step Toward Titan America IPO
In a preliminary U.S. Securities and Exchange Commission filing, Titan Cement International documents the portfolio of a new Norfolk, Va.-based entity, Titan America SA, for which it proposes an initial public offering.
Read MoreTitan America Scores Two PCA Awards
Titan America’s two cement campuses were recognized for energy and environmental performances at the Portland Cement Association’s annual Cement Fly-In held in Washington, D.C. Every year cement industry leaders meet with legislators and honor outstanding achievement by PCA members during the event.
Read MoreCemex, Titan America Earn Energy Star Recognitions
The U.S. Environmental Protection Agency (EPA) named Cemex as a 2024 Energy Star Partner of the Year and Titan America’s Roanoke and Pennsuco cement plants as Energy Star recipients.
Read MoreTitan America Plants Nab PCA Energy & Environment Awards
Titan America’s Pennsuco and Roanoke plants were recognized for innovative technologies and energy efficiency, respectively, by the Portland Cement Association as part of the association’s 2023 Energy & Environment Awards competition.
Read MoreRoanoke Cement Opens North Carolina Silo
Titan America’s Roanoke Cement recently hosted a ribbon-cutting ceremony for a new silo constructed at its Winston-Salem, N.C. terminal.
Read MoreTitan America Makes the Switch to PLC
Titan America has fully converted its cement plants to the production of Type IL portland-limestone cement, making it the first U.S.-based cement company to do so.
Read MoreTitan America Attains End-to-End Digitalization of Cement Plants
Titan America successfully implemented digitalization applications based on artificial intelligence and machine learning at its cement plants in Roanoke, Va., and Medley, Fla., resulting in significant operational improvements, cost efficiencies, and solid performance.
Read MoreTitan America to Expand Roanoke Cement Terminal
Titan America is constructing a new 70,000-ton dome at its existing Roanoke Cement Co. import terminal located in Chesapeake, Va., to meet growing demand for its products in the Mid-Atlantic region.
Read MoreTitan America brings PLC to Metro New York, New Jersey
Titan America is now distributing Type IL portland-limestone cement from its Essex Cement storage and distribution facility at the Port of Newark, N.J., to Metro New York and New Jersey customers. Essex Cement is expected to sell the lower-carbon cement exclusively by the end of 2022.
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