IFC backs Titan’s $70 million bond to fund sustainable cement projects in the Balkans

Titan Global Finance UK PLC, a subsidiary of Greek cement giant Titan SA, has secured up to €60 million ($70 million) in bond financing from the International Finance Corporation (IFC) to support its investment program across Albania, Bulgaria, Kosovo, North Macedonia, and Serbia.

The move marks a significant push to expand energy-efficient and low-carbon cement production in the Western Balkans.

Financing sustainable growth
Under the program, IFC’s investment will fund Titan’s capex initiatives, including energy-efficiency solutions, low-CO2 cement alternatives, fly ash processing and utilization, and increased adoption of alternative fuels. 

On February 4, 2026, IFC invested €15 million ($17.7 million) in Titan’s five-year bond, representing 4% of the total €350 million ($412.61 million) issue, which will be listed on the Irish Stock Exchange.

The investment is complemented by advisory services under the Competitive Europe Project, which promotes circular economy practices across the region. The support aims to strengthen Titan’s environmental performance while advancing the company’s operational efficiency and sustainability objectives.

Titan’s regional footprint
Founded in 1902 and headquartered in Greece, Titan operates more than 260 facilities across 15 countries on four continents, producing cement and building materials. Its shares are listed on Euronext Brussels, Euronext Paris, and the Athens Exchange, with founding families Papalexopoulos and Canellopoulos holding 48.9 percent of equity, 5 percent in treasury shares, and the remainder in free float.

Driving sustainable industrial transformation
“Titan’s program demonstrates how private sector investment, supported by global development institutions, can deliver tangible environmental and economic benefits,” said an IFC spokesperson. The bond financing underpins Titan’s commitment to sustainable production while enhancing energy efficiency and reducing carbon emissions across its Balkan operations.

The IFC-backed bond illustrates the growing intersection of private capital, sustainability, and infrastructure investment in Europe, positioning Titan as a regional leader in low-carbon building materials. By leveraging international financing and advisory expertise, Titan aims to scale its green operations while contributing to the region’s broader environmental and economic goals.