Annual Financial Report
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the full 2013 Annual Financial Report

14. Principal subsidiaries, associates and joint ventures

Compare to 2012
Subsidiary, associate and joint venture name Country of incorporation Nature of business 2013
% of investment (*)		 2012
% of investment (*)
Direct Indirect Direct Indirect
Full consolidation method
Separation Technologies U.K. Ltd U.K. Converter of waste material into fly ash - 100,000 - 100,000
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 INC. 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. Converter of waste material into 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. Converter of waste material into fly ash - 100,000 - 100,000
Summit Ready-Mix LLC U.S.A. Ready mix - 100,000 - 100,000
Tarmac America LLC U.S.A. Cement producer - 100,000 - 100,000
Titan Carolina Concrete LLC U.S.A. Ready mix - 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 U.S.A. Transportation - 100,000 - 100,000
Cementara Kosjeric AD (5) Serbia Cement producer - 88,514 - 88,514
Stari Silo Company DOO (5) Serbia Trading company - 88,514 - 88,514
TCK Montenegro DOO (5) Montenegro Trading company - 88,514 - 88,514
Cement Plus LTD (5) F.Y.R.O.M Trading company - 54,563 - 54,563
GAEA Zelena Alternative Enerjia DOOEL (2) F.Y.R.O.M Alternative fuels - 100,000 - -
Geospan Dooel (3) F.Y.R.O.M Quarries & aggregates - - - 99,989
Rudmark DOOEL (5) F.Y.R.O.M Trading company - 83,943 - 83,943
Usje Cementarnica AD (5) F.Y.R.O.M Cement producer - 83,943 - 83,943
Vesa DOOL F.Y.R.O.M Trading company - 100,000 - 100,000
Kosovo Construction Materials L.L.C. (5) Kosovo Quarries & aggregates - 88,514 - 88,514
Sharrcem SH.P.K. (5) Kosovo Cement producer - 88,514 - 88,514
Alba Cemento Italia, SHPK Albania Trading company - 60,000 - 60,000
Antea Cement SHA (4) Albania Cement producer - 60,000 - 60,000
GAEA Enerjia Alternative e Gjelber Sh.p.k.(2) Albania Alternative fuels - 100,000 - -
Dancem APS Denmark Trading company - 100,000 - 100,000
Aeas Netherlands B.V. (5) Holland Investment holding company - 88,514 - 88,514
Colombus Properties B.V. Holland Investment holding company 100,000 - 100,000 -
Holtitan B.V. (5) Holland Investment holding company - 88,514 - 88,514
Salentijn Properties1 B.V. Holland Investment holding company 100,000 - 100,000 -
Titan Cement Netherlands BV (5) Holland Investment holding company - 88,514 - 88,514
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