Cement News tagged under: Vicat

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Vicat's 1H20 results see consolidated sales of EUR1.3bn

31 July 2020, Published under Cement News

Vicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent on EUR228m earned in 1H19. The EBITDA margin stood at 16.3 per cent in the 1H20 compared with 17 per cent in 1H19. First-half operational sales of the cement business rose 0.9 per cent on a reported basis, and 1.9 per cent at constant scope and exchange rates. The concrete and aggregates business recorded a...

Vicat signs decarbonisation agreement with Carbon8 Systems

16 July 2020, Published under Cement News

Carbon8 Systems, the UK company that invented and owns a process that combines industrial waste residues or byproducts with captured CO₂ emissions to produce high-value, lightweight construction aggregates, has signed a commercial agreement with Vicat Group. Carbon8 Systems will deploy its award-winning technology at Vicat's Montalieu cement plant in southern France next month. It is Carbon8 Systems' first commercial deployment of its CO₂ntainer system (a modular, containerised solution) in...

Vicat sees improved activity in May

24 June 2020, Published under Cement News

France-based cement producer Vicat has provided an update of business levels in May, noting a marked improvement when compared with market performance in March and April. In France business activity has been improving steadily since the low point of mid-March and by the end of May, the level was slightly lower than that recorded in the year-ago period. Switzerland also continues to perform well. The challenging macroeconomic and competitive environment in Turkey and Egypt continue to aff...

Vicat post 3% sales increase in 1Q20

06 May 2020, Published under Cement News

Vicat reported a 2.6 per cent advance in total consolidated sales in the January-March 2020 period to EUR615.5m from EUR600m in the 1Q19. At constant scope and exchange rates, consolidated sales edged up 0.2 per cent YoY. The company posted a 5.5 per cent rise in consolidated cement sales to EUR319m in the first quarter of 2020 – or an increase of 3.7 per cent at constant scope and exchange rates – when compared with the 1Q19. Concrete and aggregate sales were up 1.4 per cent YoY to EUR2...

Vicat to revise 2020 outlook in view of coronavirus

30 March 2020, Published under Cement News

Vicat has warned that while its 2020 outlook needs to be revised in terms of the potential impact of COVID-19 on the cement producer’s business, it is not able at this stage to provide a detailed and accurate assessment of how its markets and financial performance will develop during the course of the year. Adaptation measures have already been implemented, including a plan to reduce operating costs and defer non-strategic capital expenditure.

US cement market boosted FY19 financial results

28 February 2020, Published under Cement News

This week, several leading cement producers reported on their FY19 business results. ICR has taken a look at the results of HeidelbergCement, LafargeHolcim, Dangote Cement, Vicat and Argos to see what regional patterns can be discerned from the recent results of these industry players. In terms of cement sales volumes (see Table 1), growth was limited to less than one per cent in 2019. Argos saw the largest advance at 0.7 per cent, but LafargeHolcim was well behind the other producers with...

Vicat reports 6% increase in consolidated sales for 2019

14 February 2020, Published under Cement News

Vicat has reported a 6.1 per cent increase in consolidated sales to EUR2.74bn for 2019, rising from EUR2.58bn in the previous year. EBITDA showed a similar 6.9 per cent YoY growth to EUR526m from EUR492m, while the EBITDA margin edged up to 19.2 per cent from 19.1 per cent in 2018. "The Vicat Group’s solid performance in 2019 reflects the relevance and robustness of its business model. Strong growth in France, India, the USA, Africa and Kazakhstan helped offset difficult market conditions i...

Vicat christens its first bulk cement carrier

12 February 2020, Published under Cement News

Vicat recently christened its first bulk cement carrier 'Capo Cinto' in Nice, France. As well as confirming the French company’s community focus in the southeastern part of the country, Vicat’s acquisition of its first bulk cement carrier, under a partnership with maritime logistics specialist ABCRM, is proof of enduring support for its business in Corsica, and it boosts the quality of the service afforded to local customers, the company said. The acquisition of Vicat's first bulk carrier s...

National Cement to invest US$250m in Ragland

23 December 2019, Published under Cement News

Vicat-owned National Cement will be installing a new state-of-the-art kiln at its Ragland plant in Alabama, USA. The project represents an investment of US$250m and the project is expected to start the construction in the first quarter of 2020. "We are excited about our kiln project in Ragland. It will ensure that our employees and our Ragland facility can continue to be competitive for years to come by upgrading our plant with the latest technology and equipment," said Spencer Weitman, p...

Cement Innovation for Climate research initiative created

12 December 2019, Published under Cement News

On 6 December 2019, Dyckerhoff (Buzzi Unicem group), HeidelbergCement AG, Schwenk Zement KG and Vicat founded the joint research corporation CI4C – Cement Innovation for Climate – which is currently waiting for final approval from the antitrust authorities. The aim of the corporation is to realise the joint research project catch4climate, which will investigate the practical applicability of the oxyfuel carbon capture technology in the cement production process. In the frame of the catch4cl...