In 2012 sales of cement, clinker and cementitious materials posted robust growth of 5% in the TITAN Group, reaching 16.1 million tons. This increase was driven by double-digit volume growth in the U.S. market and the recovery of export volumes, which in 2011 had been at exceptionally low levels due to the social and political upheaval of the countries of North Africa and the Middle East.
Ready-mix concrete volumes declined by 7% to 3.4 million cubic meters. Stronger performance in the Eastern Mediterranean was not enough to offset the decline of volumes in Greece, where demand decreased sharply for yet another year, and the decline in the region of Southeastern Europe.
Sales of aggregates were on par with those of the previous year at 10.9 million tons. Increased sales volume in the U.S.. market were offset by the dramatic decline of construction activity, and subsequent sales, in Greece.