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NOTES TO THE FINANCIAL STATEMENTS

14. Principal subsidiaries, associates and joint ventures

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COMPARE TO 2016 PDF 98KB
  2017 2016
  % of investment (*) % of investment (*)
Subsidiary, associate and joint venture name Country of incorporation Nature of business Direct Indirect Direct Indirect
Full consolidation method
Titan Cement U.K. Ltd U.K. Import & distribution of cement 100.000 - 100.000 -
Titan Global Finance PLC U.K. Financial services 100.000 - 100.000 -
Alexandria Development Co.Ltd U.K. Investment holding company - 82.717 - 82.717
Titan Egyptian Inv. Ltd U.K. Investment holding company - 100.000 - 100.000
Carolinas Cement Company LLC U.S.A. Own/develop real estate - 100.000 - 100.000
Essex Cement Co. LLC U.S.A. Trading company - 100.000 - 100.000
Markfield America LLC U.S.A. Insurance company - 100.000 - 100.000
Massey Sand and Rock Co U.S.A. Quarries & aggregates - 100.000 - 100.000
Mechanicsville Concrete LLC U.S.A. Ready mix - 100.000 - 100.000
Metro Redi-Mix LLC U.S.A. Ready mix - 100.000 - 100.000
Miami Valley Ready Mix of Florida LLC U.S.A. Ready mix - 100.000 - 100.000
Pennsuco Cement Co. LLC U.S.A. Cement producer - 100.000 - 100.000
Roanoke Cement Co. LLC U.S.A. Cement producer - 100.000 - 100.000
S&W Ready Mix Concrete Co. Inc. U.S.A. Ready mix - 100.000 - 100.000
S&W Ready Mix LLC U.S.A. Ready mix - 100.000 - 100.000
Separation Technologies LLC U.S.A. Processing of fly ash - 100.000 - 100.000
Standard Concrete LLC U.S.A. Trading company - 100.000 - 100.000
ST Mid-Atlantic LLC U.S.A. Processing of fly ash - 100.000 - 100.000
ST Equipment & Technology LLC U.S.A. Sales of fly ash processing equipment - 100.000 - 100.000
ST Equipment & Technology Trading Company LLC U.S.A. Trading company - 100.000 - 100.000
Summit Ready-Mix LLC U.S.A. Ready mix - 100.000 - 100.000
Titan Florida LLC U.S.A. Cement producer - 100.000 - 100.000
Titan Mid-Atlantic Aggregates LLC U.S.A. Quarries & aggregates - 100.000 - 100.000
Titan Virginia Ready Mix LLC U.S.A. Ready mix - 100.000 - 100.000
Τitan Αmerica LLC U.S.A. Investment holding company - 100.000 - 100.000
Trusa Realty LLC U.S.A. Real estate brokerage - 100.000 - 100.000
Tyson Material Transport LLC (4) U.S.A. Transportation - - - 100.000
Cementara Kosjeric AD Serbia Cement producer - 88.151 - 88.151
Stari Silo Company DOO Serbia Trading company - 88.151 - 88.151
TCK Montenegro DOO Montenegro Trading company - 88.151 - 88.151
Esha Material DOOEL F.Y.R.O.M Quarries & aggregates - 88.151 - 88.151
GAEA Zelena Alternative Enerjia DOOEL F.Y.R.O.M Alternative fuels - 100.000 - 100.000
MILLCO-PCM DOOEL F.Y.R.O.M Renting and leasing of machines, equipment and material goods - 88.151 - 88.151
Rudmak DOOEL F.Y.R.O.M Trading company - 88.151 - 88.151
Usje Cementarnica AD F.Y.R.O.M Cement producer - 83.599 - 83.599
Vesa DOOL F.Y.R.O.M Trading company - 100.000 - 100.000
Cement Plus LTD Kosovo Trading company - 57.297 - 57.297
Esha Material LLC Kosovo Quarries & aggregates - 88.151 - 88.151
Kosovo Construction Materials L.L.C. Kosovo Quarries & aggregates - 88.151 - 88.151
Sharrcem SH.P.K. Kosovo Cement producer - 88.151 - 88.151
Alba Cemento Italia, SHPK Albania Trading company - 80.000 - 80.000
Antea Cement SHA Albania Cement producer - 80.000 - 80.000
GAEA Enerjia Alternative e Gjelber Sh.p.k. Albania Alternative fuels - 100.000 - 100.000
Dancem APS Denmark Trading company - 100.000 - 100.000
Aeas Netherlands B.V. Holland Investment holding company - 88.151 - 88.151
Colombus Properties B.V. Holland Investment holding company 100.000 - 100.000 -
Holtitan B.V. (4) Holland Investment holding company - - - 88.151
Salentijn Properties1 B.V. Holland Investment holding company 100.000 - 100.000 -
Titan Cement Netherlands BV Holland Investment holding company - 88.151 - 88.151
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