ECONOMY

The €26 million green investment at the Kamari cement plant in Boeotia marks a significant milestone in TITAN’s decarbonization program. The investment entailed the installation of state-of-the-art pre-calciner technology, which is now fully operational at the plant. Highlighting the Group's commitment to sustainability, strategic growth, and innovation, the implementation of this strategic investment demonstrates TITAN Group's ability to deliver demanding projects with precision, timeliness, and exceptional quality.

The upgrade of the cement production line is part of a larger industrial transformation that will be completed with the implementation of the "IFESTOS" carbon capture project. This is the largest project of its kind in Europe, which will capture all carbon emissions from the Kamari plant's production process, producing 3 million tonnes of net zero cement. The IFESTOS project, which has already secured a €234 million grant from the EU Innovation Fund, will contribute significantly to the achievement of the national targets for tackling climate change and will enhance the competitiveness and extroversion of the Greek industry.

The achievements to-date and the initiatives that will make the Kamari plant one of the largest fully digitalized and green cement plants in Europe by 2030 were presented by the Chair of TITAN Group Mr. Dimitri Papalexopoulos, the Chair of the Group Executive Committee, Mr. Marcel Cobuz, and the General Manager of TITAN Cement SA, Mr. Angelos Kalogerakos. The presentation took place in the context of an event at the Kamari plant, attended by the Minister of Environment and Energy, Mr. Thodoros Skylakakis, the Minister of Development, Mr. Konstantinos Skrekas, and representatives of the Local Authorities and the Media.