TITAN Group recently announced that it has entered the exclusive negotiation stage for the acquisition of Vracs de L 'Estuaire of French Bulk Cement Company, and it is expected that the transaction will be formally completed in the first quarter of 2026 after the implementation of employee notification procedures and the completion of regular legal approval. The core asset of the acquisition is the grinding station located in the port of Le Havre in northern France, which is backed by the Paris-Le Havre-Rouen gold logistics corridor, radiating one of the fastest growing large-scale building materials markets in Europe, with excellent strategic location.
For TITAN, taking the port of Le Havre as a hub not only means that it achieves a "double-track layout" from south to north in the French territory, which echoes the existing Marseille base. More importantly, it provides an ideal springboard for the large-scale landing of low-clinker , high-substitution clinker cement and pozzolan-based cementitious materials in the hinterland of Europe. With the advantages of port shipping, TITAN can deeply couple low-carbon clinker from its own production bases in Greece and Albania with local industrial by-products in France, further reduce its carbon footprint, and accelerate its commitment to "reduce carbon by 35% in 2030 and net zero in 2050". Established in 1983,
the acquired Vracs de L 'Estuaire is mainly engaged in port handling, grinding and distribution of bulk cement, clinker and blast furnace slag, with an annual capacity of about 1.2 million tons, with deep-water terminals, closed silos and railway loading lines. It is the only professional cement terminal in Northwest France that can receive and unload Panama-class bulk carriers. Over the past decade, the company has extended its business radius to the south of the United Kingdom, Belgium and the Netherlands through the "seaport + railway" multimodal transport system, with customers covering ready-mixed concrete, prefabricated components and civil engineering projects.
TITAN Group is a multinational building materials giant from Greece and listed in London, with a revenue of 3.2 billion euros in 2024 and an annual cement production capacity of about 27 million tons, active in 13 European and American countries. Since putting forward the "Green TITAN" strategy in 2018, the Group has invested 400 million euros in the research and development of alternative fuels, carbon capture and green concrete, and its low clinker CEM II/C-M series products have reduced carbon emissions by more than 50% compared with traditional OPC, enjoying a premium in high-end markets in Europe and the United States. If the acquisition is successfully completed, TITAN will acquire the million-ton production capacity and port scarce coastline in northern France at one time, open up a new growth pole for its low-carbon products in Northwest Europe, and promote the upgrading of facilities and green transformation of Vracs de L 'Estuaire to achieve a win-win situation.
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