Cement News tagged under: Vicat Group

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Vicat Group signs EUR250m financing agreement

24 November 2021, Published under Cement News

Vicat Group has signed a EUR250m financing agreement, which takes the form of a private placement with leading US investors, according to a press release. The financing agreement consists of two tranches. The first (EUR100m) has a maturity of 10 years, at a fixed rate of 1.27 per cent. The second (EUR150m) has maturity of 15 years, at a fixed rate of 1.57 per cent.

Vicat confident cement business in Egypt will improve

15 July 2021, Published under Cement News

Vicat has been operating in the Egyptian market for the past 17 years, since its acquisition of the Sinai Cement Co in 2003 and it will keep investing in the country even during times of crises, says Sinai Cement Country Manager, Tamer Magdy. Egypt remains promising for investment, despite the negative impacts of COVID-19 crisis on the economy. The country ’s GDP is still expected to reach five per cent in 2022, said Tamer Magdy. "The economic reform decisions taken by the Egyp...

Vicat announces FY20 sales of EUR2805m

17 February 2021, Published under Cement News

Vicat announced FY20 sales of EUR2805m, up 5.5 per cent from EUR2740m in FY19. EBITDA rose to EUR557m, up by 10.1 per cent LfL and EBIT increased to EUR298m, a rise of 17.5 per cent LfL.  Vicat’s consolidated net income reached EUR172m, up 17.5 per cent LfL from EUR160m in FY19. Cash flow totalled EUR461m up 12.9 per cent LfL and net debt fell to EUR1202m, down EUR88m. Leverage is at 2.16x. EBITDA rose by EUR26m in the Americas, EUR14m in Asia, EUR9m in Africa and EUR1m in Europe. EBIT...

National Cement 5000tpd clinker line construction advances

12 February 2021, Published under Cement News

After one year of construction activity and despite the pandemic situation, National Cement's 1.65Mta Ragland Cement plant modernisation project is progressing well and is on schedule. The five-stage preheater and precalciner located next to the new 13,000t blending silo is fast being erected. It will be 110m high when completed.   "This structure, the tallest in the St Clair County will definitively reinforce National Cement Co of Alabama presence on the map," said National Cement. ...

Vicat reports sales of EUR2.07bn

04 November 2020, Published under Cement News

Vicat Group’s consolidated sales reached EUR2.066bn in the first nine months of 2020, stable on a reported basis and up 2.1 per cent YoY at constant scope and exchange rates. EBITDA increased to EUR403m from EUR373m in the 9M19. Overall cement sales also advanced 8.4 per cent at a constant scope. “The Vicat Group’s performance over the first nine months of 2020 demonstrated its resilience and its tremendous ability to seize growth opportunities arising in its markets. The impact of COVID o...

National Cement Co of Alabama breaks ground

03 February 2020, Published under Cement News

National Cement Co of Alabama (Vicat group), has broken ground on its US$250m expansion of the plant in the Saint Clair County town of Ragland, USA. The expansion project is built adjacent to the company's existing plant on Highway 144. The expansion, expected to be completed by 2022, and the biggest economic project in a seven-county region of central Alabama. It is by far the town's biggest employer and a huge part of the economy, according to the town's mayor. "This investment is going...

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 Group appoints Hugues Chomel as CFO

24 September 2018, Published under Cement News

France’s Vicat Group has announced the appointment of Hugues Chomel as CFO, replacing Jean-Pierre Souchet, deputy CEO, who will now be serving as an advisor to the chairman and CEO. Mr Chomel joined the company in 2004 and has been the deputy CFO since 2013, having previously worked for Schneider Electric, Alstom and Deloitte.

Vicat announces expansion plans in India

21 August 2018, Published under Cement News

At the inauguration of a 1.2Mt bulk cement terminal in Mumbai, France-based Vicat Group announced that it has invested INR3bn (US$43m) this year on capacity expansions in southern and eastern India. "We have already invested INR3bn this year. Our expansion plan includes setting up of 1.2Mt of bulk cement terminal at Kalamboli in Mumbai and second line of 2.75Mta capacity in existing Kalburgi cement plant and establishing a grinding unit of 1.7Mta capacity at Vizag in Andhra Pradesh to expa...

Bharathi Cement releases robotically-produced cement

18 July 2018, Published under Cement News

'Bharathi Ultra Fast' is a new multi-purpose cement produced by Bharathi Cement company (Vicat group) in India. The premium quality cement has just been launched and it promoted 'greener' costruction by being produced with robotic technology. Bharathi Ultra Fast has been developed for engineers and masons for all concrete applications with several advantages over OPC53 cement. It features a high setting time, higher first-day strength, higher 28-day strength, unmatched durability and bett...