TITAN Group completes the acquisition of Traçim Cement

The acquisition comprises a modern, fully integrated cement plant with a cement production capacity of approximately 2.5 million tpy of cement, serving a rapidly growing domestic market while also offering export capabilities to neighbouring countries and the US. Traçim also has rights to a permit for a second integrated production line, adding a further 2.5 million t of cement capacity which will make it the Group’s largest cement production plant. This acquisition supports TITAN Group Forward 2029 strategy and priorities as laid out in the recent Investor Day, by driving core growth through capacity expansion, footprint optimisation and a stronger supply chain and export flexibility.

In addition, an agreement has been signed with Caba Energy Group, for a joint venture in a 100MW solar power project already under construction, with TITAN committing €34 million investment for its 50% share. Following the completion of the solar power plant and together with the cement business, the new acquisition is expected to contribute to the Group more than €120 million in sales and over €50 million in EBITDA, in 2027, and to be EPS accretive, with further performance improvements from synergies in subsequent years.

Marcel Cobuz, Chairman of the Group Executive Committee, commented: “This acquisition is fully aligned with TITAN Forward 2029 strategy, enabling us to advance our existing core heavy materials business and continue achieving top of class returns of capital. Istanbul is a vibrant market, and we commit investments in upgrading the plant, its power sources as well as capacities development.”

Christos Panagopoulos, Executive Chairman and CEO of Titan Group operations in Türkiye, commented: “We are strengthening our presence in the Marmara region of Western Türkiye where TITAN already serves customers and operates a grinding plant and a pozzolana quarry. We are delighted to welcome Traçim’s employees to the TITAN family as we create new opportunities and drive future growth together.”

Read the article online at: https://www.worldcement.com/europe-cis/06032026/titan-group-completes-the-acquisition-of-traim-cement-in-the-greater-istanbul-market/