Cement News tagged under: Vicat
Vicat advances in Turkey and Kazakhstan07 August 2013, Published under Cement NewsVicat's first-half turnover increased by 1.7 per cent to EUR1147.7m, which amounts to a 3.2 per cent improvement on a comparative basis as the France-based cement producer made notable advances in Turkey and in Kazakhstan. EBITDA edged ahead by 0.4 per cent to EUR201.4m and the margin narrowed only slightly from 17.8 per cent to 17.6 per cent. The trading profit improved 2.4 per cent to EUR107m. After a net financial charge 9.8 per cent higher at EUR21.5m and a 33.8 per cent increase in t... |
Vicat starts production tests for new cement type21 June 2013, Published under Cement NewsFrance-based cement producer Vicat has started testing to produce a new low-carbon cement, Alpenat, on an industrial scale in its Créchy dans L’Allier factory. After several years of research the group confirms that it has developed a new cement “with a lower carbon footprint and high technical performance”.The new cement is reported to cut CO2 emissions by 30 per cent. The industrial-scale tests will run for 10 days and the company expects an output of around 10,000t of cement. |
Vicat advances in Asia and Americas26 April 2013, Published under Cement NewsVicat's first quarter turnover was ahead by 1.2 per cent to EUR491m, which represents an underlying improvement of 2.7 per cent. Cement turnover was up by 1.8 per cent to EUR304m, with cement shipments advancing by eight per cent to 4.1Mt. Turnover in concrete and aggregates rose by 6.7 per cent to EUR181m as aggregates shipments rose by 10.1 per cent to 4.73Mt and ready-mixed concrete deliveries jumped by 21.7 per cent to 1.8Mm³. Other products and services registered a 0.4 per cent incr... |
Vicat grows in Asia08 March 2013, Published under Cement NewsFrance-based cement major Vicat reported a 1.2 per cent rise in turnover in 2012 to €2292.2m, but the EBITDA declined by 10.9 per cent to €437.4m and the trading profit fell by 20.8 per cent to €245.2m. The company booked a pre-tax profit 20 per cent lower at €207.6m and the net attributable fell by 21.1 per cent to €129.1m. Net debt was 6.2 per cent higher at €1,144m and represents 46.4 per cent of total shareholders, or 53.7 per cent if minorities are excluded. Capital investment las... |
Vicat to cut costs and maintenance expenditure, France21 February 2013, Published under Cement NewsFrench cement major Vicat is cutting spending on maintenance and other costs as it aims to hold onto domestic market share. Speaking in an interview with Bloomberg, Vicat Chief Operating Officer Raoul de Parisot, said: “We don’t have any plan to close plants but we’re reducing costs and maintenance expenditure." He further added" “We need our production capacities to maintain market share when demand picks up.” While the French market expanded in 2011, last year consumption saw a contra... |
Egypt: signs of stability despite political unrest11 February 2013, Published under Cement NewsDespite recent news reports of political tension in Egypt, there are some positive signs in the country's cement market that demand is recovering after two difficult years. The latest figures indicate that last year cement demand expanded by around five per cent, just surpassing the 51Mt mark, a growth rate not seen since 2009. In 2011, consumption fell 1.7 per cent to 48.69Mt while prices contracted 10 per cent. During these the past two years, the entry of new companies has provided new ... |
Vicat advances in India and Kazakhstan06 February 2013, Published under Cement NewsVicat's turnover increased by 1.2 per cent in 2012 to €2292.2m, which becomes an underlying decline of 0.2 per cent on a like-for-like basis. Turnover in cement was ahead by 1.6 per cent to €1155.7m, while aggregates and concrete sales were ahead by one per cent to €826.1m. Other activities saw turnover edge ahead by 0.2 per cent to €310.5m. Cement accounted for 52.3 per cent of turnover, very marginally higher than the 52.1 per cent in the previous year. The concrete and aggregate... |
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... |
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... |
Asia and US improvements boost Vicat nine month results06 November 2012, Published under Cement NewsVicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improvements made up for French and African volume declines. The gearing level increased to 47.6 per cent at the end of September compared with 43.4 per cent a year earlier and 40.6 per cent two years ago, with the expansion in Asia being the principal reason for the increase in debt levels. Turnover in cement was 0.7 per... |