Group Performance by Region and Country

GDP growth was modest at 1% in the F.Y.R. of Macedonia. Harsh weather conditions in early 2012, together with the expected slowdown of construction activities, resulted in the cement market dropping by an estimated 14% compared to 2011, with Usje plant sales following suit. Total exports to neighboring countries remained at the same levels with 2011.

In line with the commitment of TITAN to sustainable development, the Usje cement factory initiated the permitting process for the use of alternative fuels.