French building materials group Vicat SA closed 2007 with a revenue of EUR2.13bn (US$3.12bn), up by 2.6 per cent YoY, in line with the company’s expectations.
At a constant scope of consolidation the revenue moved up by 4.3 per cent, Vicat said.
Throughout the year, the best performing business was the cement activity which registered a sales growth of 7.5 per cent despite the difficult situation on the North American market.
In 2007, Vicat continued implementing its external growth strategy. Thus, the French company set up a majority-owned joint venture in Kazakhstan in order to build a cement production plant in the country. The unit will have an annual production capacity of 1.1Mt. The investment will amount to nearly EUR150m (US$220.6m).