Cement News tagged under: Vicat

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Vicat sees poorer results in Turkey and Switzerland

02 August 2019, Published under Cement News

Vica­­­t's first-half turnover advanced by 4.6 per cent to EUR1340m but eased by 0.6 per cent on a comparative basis. EBITDA improved by 1.7 per cent to EUR228 while the margin eased from 17.5 per cent to 17 per cent. The trading profit declined by 9.4 per cent to EUR97m, while the net interest charge was EUR6m higher at EUR22m, giving an attributable profit 20.7 per cent lower at EUR46m. Cement deliveries were down by 4.9 per cent to 10.81Mt and the share of turnover from cement eased ma...

Vicat's Egyptian market share targeted to reach 5%

30 May 2019, Published under Cement News

Vicat has a market share of under three per cent in Egypt, but Tamer Magdy, CEO of Vicat Egypt, claims that the company will achieve profit early next year, while it aims to take its market share to five per cent. Vicat acquired Sinai Cement, its Egyptian subsidiary near Al-Arish, in 2003. The Egyptian market has been challenging for Vicat and it stopped production in the 1Q18. The commissioning of new plants has caused considerable overcapacity of 30Mta in the country. Mr Magdy will look ...

Time for a Brazilian adventure?

28 May 2019, Published under Cement News

Following the entry of Titan Cement into Brazil in 2016, fellow multinational cement producers Vicat and Buzzi Unicem have recently stepped into the local cement market despite the country’s falling cement demand last year. Others may follow this trail if Brazil’s cement market shows further signs of growth in 2019, but timing will be key. While cement demand declined in 2018, forecasts for 2019 indicate better times ahead Brazil remains one of the largest cement markets in the ...

Vicat announces stake in 2170 to develop low-carbon cements

28 May 2019, Published under Cement News

Vicat has approached 2170, a subsidiary of Burgundy-based JPS Granulats, to accelerate the development of low-carbon cements. The French cement producers has announced it would buy a stake in the capital of 2170, which prides itself on being the first French producer to receive the NF Hydraulic Binder certification in February 2018 for the production of blended cements. "Vicat has always favoured short circuits throughout the territories. The synergies deployed between our two companies wi...

Vicat can expect higher returns in USA and Brazil

10 May 2019, Published under Cement News

This week Vicat announced its 1Q19 results with a positive turnover increase of 4.7 per cent to EUR600m. It is a good opportunity to take a closer look at this multinational and the strength of cement demand in some of the countries where it is operating. In France, where the company's headquarters are located, the market has been one of the key supports in Vicat's 8.1 per cent rise in turnover to EUR225m. The company cited favourable macroeconomic and industry conditions supported by high ...

Vicat sees strong French volumes

07 May 2019, Published under Cement News

Vicat's first-quarter turnover showed 4.7 per cent improvement to EUR600m, which represents an underlying advance of just 0.3 per cent at constant parameters and exchange rates. The cement turnover also grew by 4.7 per cent to EUR302m, as cement shipments declined by four per cent to 5Mt. Before inter-sector eliminations, the cement turnover amounted to EUR353m, a 3.3 per cent improvement. The turnover in concrete and aggregates was 6.7 per cent ahead at EUR229m, which represents an underlyi...

Vicat to supply cement for Alpinium

19 March 2019, Published under Cement News

Vicat will deliver 914t of its Structurat cement, produced at its Montalieu plant, France, and 649t of Performat cement, manufactured at its St Egrève and Montalieu works, for the building of he Alpinium complex. Alpinium is a multi-service building, underground car park and sport platform on the roof, under construction for the Alpine Ski World Championships in 2023. The French cement producer was chosen due to its Performat CEM I 52.5 N PM cement, which is resistant to de-icing salts. Th...

Vicat's net underlying 2018 profits 12% ahead

20 February 2019, Published under Cement News

Vicat's turnover edged ahead by 0.7 per cent in 2018 to EUR2582m and EBITDA eased by 2.2 per cent to EUR435m, while at unchanged exchange rates and other parameters the changes would have been +5.9 per cent and +2.7 per cent, respectively. The trading profit was ahead by 0.8 per cent to EUR249m, with the advance at unchanged parameters being 5.9 per cent. The net financial charge was 31.6 per cent or EUR8.9m lower at EUR19.3m. After a reduction in the contribution from associates from EUR5.6...

Vicat closes acquisition of Ciplan

22 January 2019, Published under Cement News

Vicat Group has announced the closure of its Ciplan acquisition and now holds a 64.7 per cent stake in the company. The deal was structured through a reserved capital increase of EUR295m, with the proceeds used to settle a vast majority of Ciplan’s existing debt, according to a press release. "With this acquisition, Vicat pursues its targeted external growth and geographical diversification strategy, through the incursion into a new emerging market benefitting from strong growth perspe...

Vicat Egypt to invest in Sinai Cement

16 January 2019, Published under Cement News

Vicat Egypt is expected to invest up to EUR30m in Sinai Cement Co to meet the demand of the local and regional market. Tamer Magdy, CEO, Vicat Egypt, made the announcement during an event celebrating the 15th anniversary of the company’s presence in the Egyptian market. Vicat acquired Sinai Cement, based near El Arish, in 2003. The Egyptian economy has the potential to recover as it is moving forward on the back of the country’s policies, according to the CEO of Vicat Group, Guy Sidos. "W...