Cement News tagged under: Vicat
Vicat christens its first bulk cement carrier12 February 2020, Published under Cement NewsVicat 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 Ragland23 December 2019, Published under Cement NewsVicat-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 created12 December 2019, Published under Cement NewsOn 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... |
Vicat gets more American sales, north and south05 November 2019, Published under Cement NewsVicat's turnover for the first nine months of 2019 improved by 5.7 per cent to EUR2059m, which represents an underlying reduction of 0.7 per cent. Cement deliveries declined by 4.4 per cent to 16.66Mt. The aggregates and concrete turnover improved by 9.3 per cent to EUR819m with shipments of aggregates edging ahead by 0.3 per cent to 17.21Mt and deliveries of ready-mixed concrete declined by 2.4 per cent to 6.76Mm³. The turnover from other activities was off by 1.5 per cent at EUR328m. T... |
Vicat sees poorer results in Turkey and Switzerland02 August 2019, Published under Cement NewsVicat'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 NewsVicat 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 NewsFollowing 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 cements28 May 2019, Published under Cement NewsVicat 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 Brazil10 May 2019, Published under Cement NewsThis 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 volumes07 May 2019, Published under Cement NewsVicat'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... |