Cement News tagged under: Vicat
Vicat Sagar joint venture plant begins production, India20 December 2012, Published under Cement NewsThe first line at the greenfield Vicat Sagar plant, a joint venture between France-based Vicat and Sagar Cements, has started production. Located in the north of Karnataka, the plant has a nominal cement capacity of 2.8Mta and has a captive power plant and immediate access to rail transport. To benefit from substantial operational synergies between the companies controlled by Vicat in India, the plant’s production will be marketed under the “Bharathi” brand, backed up by its strong reputa... |
Asia and US improvements boost Vicat nine month results06 November 2012, Published under Cement NewsVicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improvements made up for French and African volume declines. The gearing level increased to 47.6 per cent at the end of September compared with 43.4 per cent a year earlier and 40.6 per cent two years ago, with the expansion in Asia being the principal reason for the increase in debt levels. Turnover in cement was 0.7 per... |
Vicat first-half 2012 turnover eases08 August 2012, Published under Cement NewsFrance-based Vicat's first half performance improved strongly in Asia but results have mainly deteriorated elsewhere. Turnover for the six months to June 2012 eased by 1.5 per cent to €1128.8m, which represents a 2.4 per cent reduction on a comparative basis. EBITDA declined by 20.8 per cent to €200.6m as the margin narrowed from 22.1 per cent to 17.8 per cent. The trading profit fell by 36.6 per cent to €104.5m. After a net interest charge 1.4 per cent higher at €19m, the pre-tax profit ca... |
Vicat06 June 2012, Published under Cement NewsVicat's first-quarter turnover declined by 5.4%, having seen a very strong first quarter in 2011. The cement turnover was off by 4.4% to €255m, with cement shipments declining by 5.6% to 3.79Mt. Turnover in concrete and aggregates declined by 9.8% to €162m as aggregates shipments were down by 14.8% to 4.29Mt and ready-mixed concrete deliveries fell by 16.6% to 1.48Mm³. Other products and services registered a 2.7% increase in turnover to €68m. The lower volumes reflected less favourable weat... |
Vicat03 May 2012, Published under Cement NewsVicat's first quarter turnover declined by 5.4% after a very strong first quarter in the previous year. The cement turnover was off by 4.4% to €255m, with cement shipments declining by 5.6% to 3.79Mt. Turnover in concrete and aggregates declined by 9.8% to €162m as aggregates shipments were down by 14.8% to 4.29Mt and ready-mixed concrete deliveries fell by 16.6% to 1.48Mm³. Other products and services registered a 2.7% increase in turnover to €68m. The lower volumes reflected less favoura... |
Vicat improves turnover, but profits decline13 March 2012, Published under Cement NewsTurnover improved by 25.5% in 2011 to €2265.5m, but the profitability declined, mainly because of Egypt and to a lesser extent the United States, and the EBITDA came off by 2.6% to €490.9m, while the trading profit declined by 8.1% to €309.5m. Primarily as a result of the expansion in Asia, the a net interest charge jumped by 60.5% to €43.9m and with a lower contribution from associates, the pre-tax profit came down by 16.0% to €259.5m and the net attributable fell by 19.3% to €163.6m. ... |
Vicat sees generally favourable environments06 February 2012, Published under Cement NewsVicat’s turnover increased by 12.5% last year to €2265.5m, which represents an underlying improvement of 9.6%. The turnover in cement improved by 10.1% to €1137.6m and aggregates and concrete sales rose by 14.2% to €818.0m. Other activities increased turnover by 17.4% to €309.9m. Cement accounted for 52.1% of turnover, slightly lower than the 53.0% seen in 2010, but exactly the same as in 2009. Group cement deliveries advanced by 11.5% to 18.04Mt, helped by a full year’s consolidation of Bh... |