14. Principal subsidiaries, associates and joint ventures

Subsidiary, associate and joint venture name Country of incorporation Nature of business 2013
% of investment (*)
2012
% of investment (*)
Direct Indirect Direct Indirect
Τitan Cement Company S.A Greece Cement producer Parent company Parent company Parent company Parent company
Aeolian Maritime Company Greece Shipping 100,000 - 100,000 -
Aitolika Quarries S.A. Greece Quarries & aggregates - 63,723 - 63,723
Albacem S.A. Greece Trading company 99,996 0,004 99,996 0,004
Arktias S.A. Greece Quarries & aggregates - 100,000 - 100,000
Dodekanesos Quarries S.A. (1) Greece Quarries & aggregates - - - 100,000
Interbeton Construction Materials S.A. Greece Ready mix & aggregates 99,851 0,149 99,796 0,204
Intertitan Trading International S.A. Greece Trading company 99,995 0,005 99,995 0,005
KTIMET Quarries S.A. Greece Quarries & aggregates - 100,000 - 100,000
Leecem S.A. (1) Greece Trading company - - - 100,000
Pozolani S.A. (1) Greece Quarries & aggregates - - - 100,000
Porfirion S.A. Greece Production and trade of electricity - 100,000 - 100,000
Gournon Quarries S.A. Greece Quarries & aggregates 54,930 45,070 54,930 45,070
Quarries of Tagaradon Community S.A. Greece Quarries & aggregates - 79,928 - 79,928
Quarries of Tanagra S.A. Greece Quarries & aggregates - 100,000 - 100,000
Vahou Quarries S.A. Greece Quarries & aggregates - 100,000 - 100,000
Sigma Beton S.A. Greece Quarries & aggregates - 100,000 - 100,000
Titan Atlantic Cement Industrial and Commercial S.A. Greece Investment holding company 43,947 56,053 43,947 56,053
Titan Cement International Trading S.A. Greece Trading company 99,800 0,200 99,800 0,200
Double W & Co OOD Bulgaria Port - 99,989 - 99,989
ECO Conception EOOD Bulgaria Alternative fuels - 99,989 - 99,989
Granitoid AD Bulgaria Trading company - 99,760 - 99,668
Gravel & Sand PIT AD Bulgaria Quarries & aggregates - 99,989 - 99,989
Trojan Cem EOOD (5) Bulgaria Trading company - 83,943 - 83,943
Zlatna Panega Beton EOOD Bulgaria Ready mix - 99,989 - 99,989
Zlatna Panega Cement AD Bulgaria Cement producer - 99,989 - 99,989
Green Alternative Energy Assets EAD Bulgaria Alternative fuels - 100,000 - 100,000
Cementi ANTEA SRL Italy Trading company - 60,000 - 60,000
Cementi Crotone S.R.L. Italy Import & distribution of Cement - 100,000 - 100,000
Fintitan SRL Italy Import & distribution of cement 100,000 - 100,000 -
Separation Technologies Canada Ltd Canada Converter of waste material into fly ash - 100,000 - 100,000
Aemos Cement Ltd Cyprus Investment holding company 100,000 - 100,000 -
Alvacim Ltd Cyprus Investment holding company - 100,000 - 100,000
Gaea Green Alternative Energy Assets Limited Cyprus Investment holding company - 100,000 - 100,000
Balkcem Ltd (5) Cyprus Investment holding company - 88,514 - 88,514
East Cement Trade Ltd Cyprus Investment holding company - 100,000 - 100,000
Feronia Holding Ltd Cyprus Investment holding company - 100,000 - 100,000
Iapetos Ltd Cyprus Investment holding company 100,000 - 100,000 -
KOCEM Limited Cyprus Investment holding company - 100,000 - 100,000
Rea Cement Ltd Cyprus Investment holding company - 100,000 - 100,000
Terret Enterprises Ltd (5) Cyprus Investment holding company - 88,514 - 88,514
Themis Holdings Ltd Cyprus Investment holding company - 100,000 - 100,000
Titan Cement Cyprus Limited (5) Cyprus Investment holding company - 88,514 - 88,514
Tithys Ltd (5) Cyprus Investment holding company - 88,514 - 88,514
Alexandria Portland Cement Co. S.A.E Egypt Cement producer - 82,513 - 82,513
Beni Suef Cement Co.S.A.E. Egypt Cement producer - 82,513 - 82,513
Titan Beton & Aggregate Egypt LLC Egypt Quarries & aggregates - 83,118 - 83,118
Sharr Beteiligungs GmbH (5) Germany Investment holding company - 88,514 - 88,514
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