In line with its digitalization, innovation and sustainability goals, Titan Cement has invested in two companies pioneering digital transformation in cement and concrete manufacturing: Optimitive and Concrete.ai.
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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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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.
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Cement producer Titan Cement Group and cleantech firm Orcan Energy announced an innovation partnership that will explore the development and deployment of a modular clean energy solution to convert waste heat into clean and affordable electricity.
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Titan Cement Group strengthened its commitment to net zero and updated its science-based CO2 targets to levels aligned with limiting the global temperature increase to 1.5°C.
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The parent company of Virginia-based Titan America joined a venture capital funding round for Rondo Energy, whose “heat battery” technology holds promise for decarbonizing cement production and power generation.
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Titan Cement has signed a new service agreement with FLSmidth that covers sustainability, digitalization and productivity across 17 Titan cement plants in Europe, Africa, and North and South America.
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