Cement News tagged under: Vicat
Joint venture announces raw clay low-carbon cement plant28 July 2023, Published under Cement NewsOnly a few months after its creation, the Borda Occitanie joint venture of Vicat and Materrup has announced the start of a project to build a low-carbon cement plant based on raw clays in Carbonne in Haute-Garonne, southwest France, to produce 60,000tpa of cement named MCC1. The raw clay used comes from the circular economy with the recovery of quarry co-products. Developed by Materrup and qualified then assessed by Vicat R&D experts, MCC1 © Occitanie has the same technical charact... |
Vicat’s Montalieu plant to be CCS pilot site27 June 2023, Published under Cement NewsAs part of the decarbonisation strategy of the top-50 industrial sites with the highest CO 2 emissions, Vicat ’s Montalieu-Vercieu cement plant is expected to be a carbon capture and storage (CCS) pilot site for France. “The idea is to go faster. We had a post-2030 project. We are moving it forward and aiming for implementation before 2030. We are even talking about 2027,” explains Guy Sidos, the CEO of Vicat. “We give ourselves the possibility of going to capture 1Mta of CO 2 , knowing t... |
France leads European construction slowdown23 June 2023, Published under Cement NewsFinancial analysts CIC-Market Solutions (CMS) forecasts a decline in European construction activity, especially in France where new property builds are expected to dip. "The property market, traditionally the first sector of the real economy to be affected by monetary tightening policies, is bearing the full brunt of the combined effect of rising interest rates and higher factor costs, as well as the government's half-hearted efforts to support activity," said the French analysts. "After the... |
Carbon8 welcomes new chief executive officer09 June 2023, Published under Cement NewsCCUS specialist, Carbon8, has appointed Paul Drennan-Durose as its new chief executive officer, effective immediately. Mr Drennan-Durose succeeds John Pilkington who has become non-executive chairman. Commenting on the news, Mr Pilkington said, “Carbon8’s board and its investors are delighted that Paul is now leading the business. Paul brings to the company a wealth of international board leadership and experience within industry as well as in private equity and venture capital.” Mr Drenn... |
Vicat builds new 74,000t clinker dome17 May 2023, Published under Cement NewsVicat is building a new clinker hall for its Montalieu-Vercieu cement plant. The new 62m diameter silo will have a capacity of 74,000t of clinker. The next stage of the work, from May 2023, is the construction of the metal frame of the roof, as well as the conveyor and the aerial gallery connecting with the plant. Vicat teams (DPI, Béton Vicat, Ciment Vicat, Delta Pompage) as well as partners VINCI Construction and Campenon Bernard Centre Est are involved in the project... |
Vicat increases stake in Sinai cement14 December 2022, Published under Cement NewsFrance-based Vicat SA has increased its stake in Egypt’s Sinai Cement from 51 per cent to 67 per cent. According to Reuters, Vicat bought additional shares worth US$5.65m from separate investors on 13 December 2022. Shareholder Arab Industrial Investment reportedly sold its 6.6 per cent share for US$2.29m. Vicat reported consolidated sales of EUR2697m in the 9M22, up 15.7 per cent YoY at constant scope and exchange rates. The growth came on the back of solid sales improvements in all r... |
Collaboration and circular economy building09 December 2022, Published under Cement NewsThis week Vicat announced that it was collaborating in a new consortium of manufacturers called the 'Advancement of Excellence in Industry' to advance decarbonisation, the circular economy, the factory of the future and the digital transition. To this end, it will construct a regional campus in Auvergne-Rhone-Alpes. A key insight behind the initiative is that building circular economies can only succeed through collaboration, therefore more partnerships will need to be formed to achieve n... |
Vicat posts 16% increase in 9M consolidated revenue08 November 2022, Published under Cement NewsVicat posted a 15.7 per cent YoY increase to EUR2697m (US$2691m) in consolidated revenue at constant scope and exchange rates in the January-September 2022 period. On a reported basis, the increase was 14.6 per cent YoY. The variation takes into account a negative foreign exchange effect of more than EUR9m as the euro appreciated against the lira and the Egyptian pound. The scope of the result also fell by nearly EUR17m due to the sale of Créabéton in Switzerland, which was only partly off... |
Bharathi Cement launches new terminal and new product11 October 2022, Published under Cement NewsBharathi Cement , part of Vicat , has inaugurated its new 0.75Mta bulk cement terminal in Coimbatore, in the South Indian state of Tamil Nadu. The new terminal in a fully automated packing and distribution facility, operated by just 16 employees, reports APN News. With dedicated own container wagons and a 24hr loading facility, it is the first terminal in India to have end-to-end logistic automation for the transportation of bulk cement in containers, directly serving customers without any... |
Vicat reports 13% rise in 1H sales but rising energy costs affect EBITDA28 July 2022, Published under Cement NewsVicat reported a 12.5 per cent increase in first-half sales to EUR1755m (US$1790.6m) in the January-June 2022 period when compared with the 1H21, when sales reached EUR1560m. At constant scope and exchange rates, the advance was 14.5 per cent. However, in the 1H22 EBITDA declined by 10.4 per cent YoY (9.8 per cent at constant scope and exchange rates) to EUR269m from EUR300m in the 1H21. The EBITDA margin retreated to 15.3 per cent from 19.2 per cent in the year-ago period. The company... |