Cement News tagged under: Vicat Group

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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...

Vicat announces plans for upcoming Indian projects

12 March 2018, Published under Cement News

Vicat Group will invest INR5.1bn (US$78.4m) to set up a 1.75Mta greenfield grinding unit in Vizianagaram, Andhra Pradesh, India. The group’s subsidiary Kalburgi Cements Pvt Ltd has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board (APEDB), an agency dedicated to attracting investments into the state. Vicat plans to invest approximately INR17.35bn in India over the next three years. Alongside financing the grinding unit, the money will also be used to ...

A greener and more vibrant French cement industry

09 February 2018, Published under Cement News

This week ICR reported that LafargeHolcim will spend several million euros on its Val d'Azergues cement plant in France. It is the latest action in an ongoing drive by French cement producers to build a more environmentally-friendly industry. Modernisation spree for Lafarge Holcim The modernisation of its plants in France will be a key focus of LafargeHolcim's European investment drive. Last May the company announced that it plans to spend EUR300m on modernising its French facilities. T...

Bharathi Cement wins Asia's 2015-16 most promising brand award

07 April 2016, Published under Cement News

Bharathi Cement Corporation Pvt Ltd, a Hyderabad-based cement producer and member of the Vicat-France Group, has been adjudged as the “Asia’s most promising brand Award for 2015-16” by World Consulting and Research Corporation, reports Business Wire India. Bharathi Cement was chosen from the survey conducted by ibrands 360. For the award, nearly 100 top brands were selected out of a shortlist of 400 from different areas of business across Asia. Ashish Padhi, counsellor (science, education...

Vicat to take full control of Indian joint venture

16 July 2014, Published under Cement News

Vicat is to take 100 per cent control of Vicat Sagar Cements after agreeing to buy out Sagar Cements from the joint venture company. An agreement has been reached whereby Sagar Cements will sell its entire 47 per cent stake in the collaboration for INR66.68 per share (US$1.1). The company said it would use a part of the money to purchase some capital equipment for its Matampally plant, while the remaining amount would help fund organic and inorganic growth in south India. Vicat Sagar ...

Senegal cement battle looms

24 March 2014, Published under Cement News

Aliko Dangote, Nigeria's powerful industrial conglomerate owner, is facing a battle to get his Senegalese cement plant up and running due to legal action and stiff competition. Vicat and its Sococim subsidiary in Senegal are ready to protect market share in west Africa by taking on Aliko Dangote.  Dangote's Senegalese plant, one of the largest in Africa, is scheduled to start operation "within 90 days", Aramine Mbacke, the CEO of Dangote Senegal, told Financial Afrik magazine earlier th...

India: Vicat keen to buy Shriram cement unit

27 June 2013, Published under Cement News

French cement maker Vicat has emerged as a surprise frontrunner to acquire a cement unit of southern conglomerate Shriram Group. Vicat is expected to buy controlling shares in Sree Jayajothi Cements Ltd, which is a part of Shriram Ventures, the holding entity of the group's non-financial services businesses, valued at about US$250m. The US$3bn French MNC surged into the fray after Shriram's deal-making with private equity giant Blackstone collapsed two months ago. Blackstone was close to a...