Following several years of global economic uncertainty and social unrest in many countries, 2014 was another challenging year for the TITAN Group. Despite these challenges, our strategy and enduring commitment to our values and principles have resulted in a stronger business with a clear strategic plan for the coming years.
TITAN Group has been in business as an independent cement and building materials producer for more than 11 decades. In that time we have expanded beyond our Greek roots to become a multi-regional business operating in four distinct geographies.
In this section we outline the activities we have undertaken to create value for our business as well as our stakeholders, and to ensure our long-term sustainability. We also report on a resilient financial performance as the Group returned to profit after two loss-making years, with net debt now standing at less than half of what it was at the beginning of 2009.
Our regional review of 2014 breaks down both our financial and non-financial performance across the four geographic regions our companies operate within. In this section, we present an analysis of our performance on a regional level to meet the needs of global and local audiences. It is part of our efforts to be transparent and responsive to stakeholder needs.
Independently verified for GRI G4 core level, WBCSD/CSI guidelines and UNGC COP for Advanced Level
