Cement News tagged under: Vicat

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Vicat: full-year turnover eases

11 March 2014, Published under Cement News

Turnover at Vicat eased by 0.3 per cent in 2013 to EUR2286m and EBITDA came off by 2.4 per cent to EUR427m, while at unchanged parameters they would have risen by 2.9 per cent and 0.3 per cent respectively. The trading profit emerged 3.7 per cent lower at EUR234m. The net financial charge rose by 31.2 per cent as the debt of the Indian subsidiaries Vicat Sagar and Gulbarga Power was no longer being capitalised. After an increase in the effective tax charge from 29.1 per cent to 32.4 per c...

Guy Sidos appointed chairman of Vicat Group

07 March 2014, Published under Cement News

Jacques Merceron-Vicat, chairman of the Vicat Group has appointed current CEO, Guy Sidos, chairman in addition to his position as CEO. The board also appointed Jacques Merceron-Vicat honorary chairman.

Vicat sees growth in Asia and in the USA

06 November 2013, Published under Cement News

Vicat's turnover for the first nine months of the year improved by a modest 0.6 per cent to EUR1740m, which represents an underlying advance of 3.2 per cent. The gearing level increased to 51.3 per cent at the end of September compared with 47.6 per cent a year ago. The expansion in Asia has been the main reason for the increased debt levels in recent years, but it is below the 53.3 per cent seen at the end of June. Turnover in cement was 2.8 per cent ahead at EUR855m, which represented 51...

Egypt sees signs of stablisation

05 November 2013, Published under Cement News

Signs of stability are beginning to emerge in the Egyptian cement market with visibility improving in several areas, a recent flash note by CM-CIC Securities highlights. The research house believes visibility is improving on several points. Firstly, volumes have been catching up since August and were up by 15 per cent during the month followed by a three per cent increment in September. Moreover, a better pricing scenario has been witnessed through 2013, with an increase of 15 per cen...

Vicat advances in Turkey and Kazakhstan

07 August 2013, Published under Cement News

Vicat's first-half turnover increased by 1.7 per cent to EUR1147.7m, which amounts to a 3.2 per cent improvement on a comparative basis as the France-based cement producer made notable advances in Turkey and in Kazakhstan. EBITDA edged ahead by 0.4 per cent to EUR201.4m and the margin narrowed only slightly from 17.8 per cent to 17.6 per cent. The trading profit improved 2.4 per cent to EUR107m. After a net financial charge 9.8 per cent higher at EUR21.5m and a 33.8 per cent increase in t...

Vicat starts production tests for new cement type

21 June 2013, Published under Cement News

France-based cement producer Vicat has started testing to produce a new low-carbon cement, Alpenat, on an industrial scale in its Créchy dans L’Allier factory. After several years of research the group confirms that it has developed a new cement “with a lower carbon footprint and high technical performance”.The new cement is reported to cut CO2 emissions by 30 per cent.  The industrial-scale tests will run for 10 days and the company expects an output of around 10,000t of cement.

Vicat advances in Asia and Americas

26 April 2013, Published under Cement News

Vicat's first quarter turnover was ahead by 1.2 per cent to EUR491m, which represents an underlying improvement of 2.7 per cent. Cement turnover was up by 1.8 per cent to EUR304m, with cement shipments advancing by eight per cent to 4.1Mt.  Turnover in concrete and aggregates rose by 6.7 per cent to EUR181m as aggregates shipments rose by 10.1 per cent to 4.73Mt and ready-mixed concrete deliveries jumped by 21.7 per cent to 1.8Mm³. Other products and services registered a 0.4 per cent incr...

Vicat grows in Asia

08 March 2013, Published under Cement News

France-based cement major Vicat reported a 1.2 per cent rise in turnover in 2012 to €2292.2m, but the EBITDA declined by 10.9 per cent to €437.4m and the trading profit fell by 20.8 per cent to €245.2m. The company booked a pre-tax profit 20 per cent lower at €207.6m and the net attributable fell by 21.1 per cent to €129.1m. Net debt was 6.2 per cent higher at €1,144m and represents 46.4 per cent of total shareholders, or 53.7 per cent if minorities are excluded. Capital investment las...

Vicat to cut costs and maintenance expenditure, France

21 February 2013, Published under Cement News

French cement major Vicat is cutting spending on maintenance and other costs as it aims to hold onto domestic market share. Speaking in an interview with Bloomberg, Vicat Chief Operating Officer Raoul de Parisot, said: “We don’t have any plan to close plants but we’re reducing costs and maintenance expenditure." He further added" “We need our production capacities to maintain market share when demand picks up.” While the French market expanded in 2011, last year consumption saw a contra...

Egypt: signs of stability despite political unrest

11 February 2013, Published under Cement News

Despite recent news reports of political tension in Egypt, there are some positive signs in the country's cement market that demand is recovering after two difficult years. The latest figures indicate that last year cement demand expanded by around five per cent, just surpassing the 51Mt mark, a growth rate not seen since 2009. In 2011, consumption fell 1.7 per cent to 48.69Mt while prices contracted 10 per cent.   During these the past two years, the entry of new companies has provided new ...