In 2020, cement consumption in Bulgaria decreased by approximately 2.5%, compared to 2019, thus putting an end to an increase that the market had experienced for three years in a row. The sector came to a standstill for the better part of the second quarter of the year. Specific segments like tourist and commercial buildings were hit particularly hard and did not recover until the end of the year and large infrastructure projects kicked off quite late in the year. Nevertheless, we still have a strong market with demand being 14% higher than the 2017-2018 levels.
TITAN Group is an independent multi-regional producer of cement and other related building materials. With a track record of continuous growth since its establishment in Greece 109 years ago, it has expanded its production and distribution operations into 13 countries in Southeast Europe, the USA and the Eastern Mediterranean. The group has been present in Bulgaria for more than 15 years – it owns the cement plant in Zlatna Panega and is one of the leading manufacturers of high quality cement in the country. Furthermore, the company operates ready mix units in three major cities planning to enter other locations and is also looking for new gravel and sand quarries.