Cement News tagged under: Vicat Sagar
Vicat eyes further growth in India17 January 2013, Published under Cement NewsFollowing the announcement yesterday by Vicat that its new joint-venture project Sagar has started commercial production, local press have speculated that the France-based major is scouting for further growth opportunities in India. Citing a company official, the Economic Times of India reported that Vicat is looking for more organic and inorganic growth in the country. The company already has a controlling stake in Bharathi Cement and has a joint venture with Sagar Cements. The Vicat Sa... |
Vicat04 January 2013, Published under Cement NewsVicat Sagar has started up its 2.8Mta cement works north of Karnataka in India in December with the commissioning of the first production line. Vicat owns 53 per cent of the shares and the 'Bharathi Cement' brand will be used, as is the case with the existing Vicat investment in India, in southern Andra Pradesh. |
Vicat Sagar joint venture plant begins production, India20 December 2012, Published under Cement NewsThe first line at the greenfield Vicat Sagar plant, a joint venture between France-based Vicat and Sagar Cements, has started production. Located in the north of Karnataka, the plant has a nominal cement capacity of 2.8Mta and has a captive power plant and immediate access to rail transport. To benefit from substantial operational synergies between the companies controlled by Vicat in India, the plant’s production will be marketed under the “Bharathi” brand, backed up by its strong reputa... |
Vicat05 April 2012, Published under Cement NewsVicat's turnover improved by 25.5% in 2011 to €2265.5m, but the profitability declined, mainly because of Egypt and to a lesser extent the United States, and the EBITDA came off by 2.6% to €490.9m, while the trading profit declined by 8.1% to €309.5m. Primarily as a result of the expansion in Asia, the net interest charge jumped by 60.5% to €43.9m and with a lower contribution from associates, the pre-tax profit came down by 16% to €259.5m and the net attributable fell by 19.3% to €163.6m. T... |
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