LATEKAT, with reserves exceeding 100 million tons, is already a key aggregates supplier in Central Greece. Beyond the long-term potential of the local market, the quarry will play a crucial role in supporting the implementation of restoration and flood-protection works in the region, following the devastating floods of 2023.
This acquisition aligns with our Group’s strategic objective to expand its aggregates reserves in high-growth regions across Greece. We are actively investing in the country, anticipating increased sales volumes, while continuing to explore new investment opportunities that further reinforce our strong presence in the Greek market.
This move follows the 2024 acquisition of an aggregates quarry in Attica, as well as the conclusion of a long-term commercial agreement in the Southern Peloponnese, securing additional reserves of over 60 million tons. These initiatives are part of the Group’s broader vertical integration strategy, creating synergies for both our cement customers and our growing ready-mix concrete operations across Greece. Notable examples include our second ready-mix plant in Elliniko, Athens, and a newly established project unit in Northern Greece, supporting mining operations in the area.
In parallel with securing new reserves, we are also investing in the recycling of Construction and Demolition Waste (CDW), beginning with our facilities in Northeastern and Western Attica (Malakasa, Xirorema), and expanding into Crete, Central Greece, and other regions.
Sergios Sarafopoulos, General Manager of TITAN Greece, stated:
“The recent acquisition in Central Greece strengthens our footprint in the country and supports the reconstruction efforts in an area severely affected by extreme weather events. Through these investments, we are significantly expanding our reserves and enhancing our business model, optimizing our supply chain and laying the foundations for further growth nationwide.”
