Titan Cement has completed the sale of its 75% stake in Adocim Cimento Beton Sanayi ve Ticaret. The Group will continue to operate cement grinding and supplementary cementitious assets in other parts of Türkiye.
The $87.5 million cash divestment saw 50% of shares go to Mugla Cimento Sanayi ve Ticaret and the other 25% to Yurt Cimento Sanayi ve Ticaret. The cement assets included in the divestment comprise an integrated cement plant, a cement terminal, and related infrastructure.
It forms part of Titan Group’s broader strategy to strengthen its portfolio, particularly in the US and South Asian markets. However, Titan Cement will continue to operate its cement factory and mine in Western Türkiye.
The completion of the Türkiye assets divestment follows Titan Group’s confirmation that it would expand its presence in the South Asian market through a new joint venture in India focused on low-carbon building materials.
The new joint venture, in collaboration with JAYCEE, will operate under the newly established entity Atlas EcoSolutions Private Limited, with TITAN Group holding a majority stake.
