SOURCE: Industrial Info Resources

Industrial Info Resources

August 27, 2010 05:20 ET

Titan Cement Shows Slight Improvements in Second-Quarter 2010, Despite Gloom in U.S., Greece, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 27, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Cement industry leader Titan Cement Group (PINKSHEETS:TITCF) (Athens, Greece) reported steady gains in the second quarter of 2010, as strong sales in the southeastern Europe and the eastern Mediterranean regions more than offset sales declines in the United States and Greece. Net income for the quarter was reported to be 43.5 million euros (US$55.34 million), a 14.17% increase from the same period last year. Industrial Info is tracking Titan projects worth more than $500 million in the U.S., including construction of the $469 million, 2.3 million-ton-per-year Ideal Cement Plant in Castle Hayne, North Carolina.

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