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General information and summary of material accounting policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies1 [Abstract]  
Disclosure of interests in subsidiaries
A listing of Company subsidiaries at December 31, 2024, 2023 and 2022 follows:
List of Legal EntitiesCountry of incorporationState of incorporationNature of business2024
% of investment
2023
% of investment
2022
% of investment
Titan Atlantic Cement Industrial and Commercial S.A.     Greece N/AInvestment holding company100%100%100%
Titan America LLC
 
USA DelawareInvestment holding company100%100%100%
Essex Cement Company LLC     USADelawareTrading company 100%100%100%
Mechanicsville Concrete LLCUSAVirginiaReady-mix producer     100%100%100%
Pennsuco Cement Company LLCUSADelawareInvestment holding company100%100%100%
Roanoke Cement Company LLCUSAVirginia Cement producer     100%100%100%
S&W Ready-Mix Concrete Company LLC
 
USANorth CarolinaReady-mix producer     100%100%100%
Separation Technologies LLCUSADelawareFly ash beneficiation     100%100%100%
ST Equipment & Technology LLCUSADelawareSales and engineering services     100%100%100%
ST Equipment & Technology Trading Company LLCUSADelawareTrading companyN/A100%100%
ST Mid-Atlantic LLCUSANorth CarolinaInvestment holding companyN/AN/A100%
Titan Florida LLCUSADelawareCement, aggregates, ready-mix and concrete block producer     100%100%100%
Titan Mid-Atlantic Aggregates LLCUSAVirginiaAggregates producer     100%100%100%
Titan Virginia Ready-MixUSADelawareReady-mix concrete producer100%100%100%
Trusa Realty LLCUSA FloridaReal estate holding company     100%100%100%
Markfield America LLCUSAVirginiaInsurance brokerage company     N/A100%100%
Titan Florida Holdings LLCUSADelawareInvestment holding company100%100%N/A
Carolinas Cement Company LLCUSADelawareInvestment holding company100%100%100%
Norfapeake Terminal LLCUSA VirginiaReal estate holding company    
100%100%100%
List of Legal EntitiesCountry of incorporationState of incorporationNature of business2024
% of investment
2023
% of investment
2022
% of investment
S&W Ready-Mix LLCUSASouth CarolinaReady-mix producer     100%100%100%
Titan Florida Concrete Products LLCUSADelawareInvestment holding company100%100%N/A
Titan Florida Aggregates LLCUSADelawareInvestment holding company100%100%N/A
Titan Florida Cement LLCUSADelawareInvestment holding company100%100%N/A
Metro Redi-Mix LLCUSAFloridaReal estate holding company     100%100%100%
Miami Valley Ready-Mix Florida LLCUSADelawareReal estate holding company     100%100%100%
Summit Ready-Mix LLCUSAFloridaReal estate holding company     100%100%100%
Silver Sand Transportation LLCUSADelawareTransportation brokerage     100%100%100%
Standard Concrete LLCUSAFloridaInvestment holding company100%100%100%
Massey Sand and Rock Co.USACaliforniaInactive100%100%100%
Daleville Development LLCUSAVirginiaReal estate holding company     100%100%100%
Nestor Timber Development LLCUSAVirginiaReal estate holding company     100%100%100%
SEI LLC
USANorth CarolinaReal estate holding company     100%100%100%
Evergreen Wildlife Management LLCUSAVirginiaInactiveN/AN/A100%
D.M Conner LLC USAVirginiaAggregates producer100%N/AN/A
Disclosure of detailed information about property, plant and equipment
With the exception of quarries and refurbishments, depreciation is calculated using the straight-line method to allocate the cost of the assets to their residual values over their estimated useful lives, as follows:
CementAggregatesOther
Land improvements
15 - 30
15
15
Building and improvements
25
25
25
Machinery and equipment
15-30
10-20
5-15
Mobile equipment
7-25
7-15
7
Marine equipment
20
20
n/a
Auto and truck
8
8
8
Furniture and fixtures
3-5
3-5
3-5
Activity within property, plant, equipment and mineral deposits, for the year ended December 31, 2024 consists of the following:
QuarriesLand & Land ImprovementsBuildingsMachinery & equipmentMotor vehiclesFurniture & fixturesAssets under constructionTotal
 January 1, 2024$114,537 $157,668 $59,849 $288,025 $91,030 $4,289 $85,633 $801,031 
Additions10,685 — — — — — 128,183 138,868 
Disposals— (163)(46)(911)(1,003)— — (2,123)
Reclassification2,323 9,040 35,490 61,829 58,784 4,362 (171,828)— 
Provision adjustments(1,659)(17)(1)(1,438)— — — (3,115)
Capitalized interest— — — — — — 732 732 
Depreciation, depletion, & amortization (DD&A)(11,301)(2,913)(5,725)(38,619)(24,026)(1,076)— (83,660)
December 31, 2024$114,585 $163,615 $89,567 $308,886 $124,785 $7,575 $42,720 $851,733 
As of December 31, 2024
Cost266,275 225,351 185,795 994,491 344,003 22,733 49,215 2,087,863 
Accumulated DD&A(150,685)(59,736)(96,228)(685,236)(219,218)(15,158)(6,495)(1,232,756)
Impairment reserve(1,005)(2,000)— (369)— — — (3,374)
Net book value$114,585 $163,615 $89,567 $308,886 $124,785 $7,575 $42,720 $851,733 
10. Property, plant, equipment and mineral deposits (continued)
Activity within property, plant, equipment and mineral deposits, for the year ended December 31, 2023 consists of the following
QuarriesLand & Land ImprovementsBuildingsMachinery & equipmentMotor vehiclesFurniture & fixturesAssets under constructionTotal
January 1, 2023$113,948 $151,346 $35,740 $283,321 $87,928 $921 $75,062 $748,266 
Additions7,917 — — 681 — — 111,521 120,119 
Disposals— — (255)(3,405)(339)— — (3,999)
Reclassification47 7,070 27,775 43,342 22,557 4,180 (104,309)662 
Provision adjustments4,778 (32)118 2,885 — — — 7,749 
Capitalized interest— — — — — — 2,826 2,826 
Depreciation, depletion, & amortization (DD&A)(11,148)(2,166)(3,529)(38,430)(19,116)(812)— (75,201)
Impairment reserve(1,005)1,450 — (369)— — 533 609 
December 31, 2023$114,537 $157,668 $59,849 $288,025 $91,030 $4,289 $85,633 $801,031 
As of December 31, 2023
Cost254,832 216,944 150,219 957,365 313,197 19,248 90,670 2,002,475 
Accumulated DD&A(139,290)(57,276)(90,370)(668,971)(222,167)(14,959)(5,037)(1,198,070)
Impairment reserve(1,005)(2,000)— (369)— — — (3,374)
Net book value$114,537 $157,668 $59,849 $288,025 $91,030 $4,289 $85,633 $801,031 
Schedule of activity within intangible assets
The estimated useful lives for the major components of intangible assets are:
Years
Customer Relationships
5 -7
Software
7
TradenamesIndefinite
Activity within intangible assets, for the year ended December 31, 2024 consists of the following:
Customer relationshipsTradenamesSoftwareOtherTotal
January 1, 2024$ $13,980 $18,983 $250 $33,213 
Additions— — 1,591 — 1,591 
Disposals— — — — — 
Reclassification— — — — — 
Amortization— — (4,540)(97)(4,637)
December 31, 2024$ $13,980 $16,034 $153 $30,167 
As of December 31, 2024
Cost$2,153 $13,980 $37,854 $969 $54,956 
Accumulated amortization(2,153)— (21,820)(816)(24,789)
Net book value$ $13,980 $16,034 $153 $30,167 
There were no write-offs of intangible assets for the year ended December 31, 2024.
Activity within intangible assets, net, for the year ended December 31, 2023 consists of the following:
Customer relationshipsTradenamesSoftwareOtherTotal
January 1, 2023$179 $13,980 $21,509 $348 $36,016 
Additions— — 1,832 — 1,832 
Amortization(179)— (4,358)(98)(4,635)
December 31, 2023$ $13,980 $18,983 $250 $33,213 
As of December 31, 2023
Cost$2,153 $13,980 $37,022 $969 $54,124 
Accumulated amortization(2,153)— (18,039)(719)(20,911)
Net book value$ $13,980 $18,983 $250 $33,213