Cement News tagged under: Vicat
Cementir acquires additional 25.4% stake in Sinai White Portland Cement13 August 2024, Published under Cement NewsCementir Holding NV announced that its fully-owned subsidiary Aalborg Portland Holding A/S has acquired an additional 25.4 per cent stake in Sinai White Portland Cement Co SAE (SWCC) from Sinai Cement Co, part of the Vicat Group . Following the EUR30m transaction, Cementir will indirectly hold 96.5 per cent of SWCC’s share capital. The investment strengthens Cementir’s strategic presence in Egypt’s white cement business. Located in the Sinai Peninsula, SWCC’s plant with a white ce... |
Vicat to construct housing and office project on site of Olympic village13 August 2024, Published under Cement NewsOn the completion of the 2025 Summer Olympic Games and Paralympic Games, the athlete's village that housed 9000 people will be converted by Vicat into a residential and professional district. This will bring together more than 2800 new housing units, a student residence, a hotel, two new school groups, as well as 6ha of green spaces including a public park in the heart of the district. In addition, the new site will has space for 120,000m² of activities, offices and services that c... |
Vicat's 1H24 growth driven by US31 July 2024, Published under Cement NewsThe Vicat Group has reported consolidated sales of EUR1937m in the first half of 2024, up from EUR1912m in the same period a year earlier. Over the same time frame, EBITDA advanced from EUR314m to EUR353m, while consolidated net income improved from EUR109m to EUR115m. According to the company, the growth has been primarily driven by market dynamics in the USA. Over the 1H24, the company saw a one per cent uptick in cement volumes to 14.1Mt with trends varying across the markets. A slow... |
Carbon8's CO2 capture technology is validated by DNV10 July 2024, Published under Cement NewsDNV has validated the methodology developed and used by Carbon8 to reduce carbon emissions. Carbon8’s patented technology permanently captures CO 2 at source from hard-to-abate industries and DNV has verified that Carbon8’s methodology satisfies the ISO 14064 part 2 standard. Eager to demonstrate authenticity, quality and traceability, Carbon8 selected DNV to validate and authenticate its methodology. The ISO 14064 part 2 requirements specifically relate to quantifying, monitor... |
Vicat's Kalburgi plant begins training at its new AFR lab05 June 2024, Published under Cement NewsVicat Group has successfully completed of the first phase of its training programme on the new laboratory equipment at its recently-established alternative fuels and raw materials (AFR) laboratory at Kalburgi Cements Pvt Ltd's plant in Chatrasala , Karnataka. The training sessions ran between 23-30 May 2024 and over 20 employees from the quality control and AFR departments took part in the programme. The participants were introduced to a range of advanced laboratory instruments, incl... |
Vicat sees 8% like-for-like advance in 1Q sales01 May 2024, Published under Cement NewsVicat reported a 1.2 per cent YoY (+7.9 per cent like for like (lfl)) uptick in consolidated sales to EUR911m in the first quarter of 2024 from EUR899m in the 1Q23. The company attributes the positive results to 4.1 per cent increase in cement volumes to 6.9Mt, a 5.4 per cent advance in concrete volumes to 2.2Mm3 and a still resilient pricing environment in most markets with a favourable cost/price differential. “The Vicat Group enters 2024 with organic growth of nearly eight per cent, dri... |
Successful kiln lift at Mergelstetten's catch4climate project21 March 2024, Published under Cement NewsA 700t crane was used to lift the kiln into position at Mergelstetten cement plant, Germany, for the ‘catch4climate’ CO 2 capture project on 7 March 2024. The four European cement manufacturers Buzzi SpA ( Dyckerhoff GmbH ), Heidelberg Materials AG , Schwenk Zement GmbH und Co KG and Vicat SA joined forces in In 2019 to start the research company CI4C GmbH & Co KG to jointly realise the ‘catch4climate’ CO 2 capture project. Schwenk's Mergelstetten plant, for the construction a... |
Vicat posts better than expected results in 202319 February 2024, Published under Cement NewsVicat posted 2023 EBITDA of EUR740m, a rise of 30 per cent compared to 2022, an improvement on analysts CIC Market Solutions’ expectations of EUR709-716m. Several factors account for Vicat's strong financial results, claims CIC Market Solutions. Despite a sharp downturn in the new housing segment in Europe (41 per cent of revenues, and 31 per cent in France), consolidated volumes were up 6.3 per cent, thanks in particular to the ramp-up of the Ragland kiln in Alabama. In the Americas, w... |
Mali's path to cement self-sufficiency16 February 2024, Published under Cement NewsSet on expansion in west Africa, CIMAF announced this week that it had laid the foundation stone for its new grinding plant in Mali. Other cement producers have also targeted Mali, which saw cement shortages in 2021 but now has a crop of new cement plants under construction. The sudden surge in Mali's cement plant projects is happening despite the challenges of political unrest in the country. There were two coups d’étât in 2020 and 2021, while Al Qaeda is still active in the country and ... |
Vicat reports 8% growth YoY in 202315 February 2024, Published under Cement NewsVicat has reported 8.1 per cent YoY growth in consolidated sales to EUR3.94bn in 2023, compared to EUR3.64bn in the previous year. Over the same period EBITDA has improved by 29.8 per cent from EUR570m to EUR740m. The EBITDA margin has expanded by 3.1 points from 15.7 per cent to 18.8 per cent. The company attributes the advance to its “geographically balanced” portfolio benefiting from cash generation in developed markets and growth opportunities in emerging markets. France, which acc... |