Titan SA (TITC.BR,TITC.AT,TTCIF), a Greek producer of cement and building materials, said on Thursday that it has inked a share purchase deal to buy Traçim Çimento Sanayi ve Ticaret Anonim Sirketi, a Turkish firm, for around $190 million.
Traçim Çimento is expected to contribute over $140 million in sales and $50 million in EBITDA, and add to the earnings per share of Titan in 2026. The transaction is expected to be completed in the first quarter of 2026.
This investment will enable Titan to boost its existing core heavy materials business in Western Türkiye, where the Group already has an established presence through a cement grinding plant and a pozzolana quarry.
The assets in the transaction will include an integrated cement plant with an annual production capacity of around 2.5 million tons of cement.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.