Titan Group reported a €60.7 million investment in improving the groups environmental footprint, according to its 2016 annual report. This represented 40% of the company’s €150.6 million CAPEX for the year.
On the back of this, the company’s dust emissions fall by 33%, while there was an 11% decrease in water consumption at Titan’s cement production and grinding plants, compared to 2015 levels.
The company has also committed to support the United Nations Agenda 2030, which promotes engagement with local and global partnerships to achieve the UN’s Sustainable Development Goals.
Adopted in 2015, the UN’s Sustainable Development Goal’s are a series of 17 goals that aim to end poverty, protect the planet and ensure prosperity for all. Each goal comes with a specific target that to be achieved over the 15 years to 2030.
In addition to its environmental and sustainability performance, Titan also improved its safety record in 2016. The company achieved a 15% fall in lost time injuries compared to the previous year.
Titan recently announced a significant rise in net profits for 2016 on the back of growth in the US, which now accounts for 53% of the company’s sales, and a recovery in Egypt. Net profit hit €127.4 million last year, compared to €33.8 million in 2015.
Read the article online at: https://www.worldcement.com/europe-cis/30032017/titan-makes-progress-on-environment-and-safety/