Cement News tagged under: Vicat
Vicat posts better than expected results in 202319 February 2024, Published under Cement NewsVicat posted 2023 EBITDA of EUR740m, a rise of 30 per cent compared to 2022, an improvement on analysts CIC Market Solutions’ expectations of EUR709-716m. Several factors account for Vicat's strong financial results, claims CIC Market Solutions. Despite a sharp downturn in the new housing segment in Europe (41 per cent of revenues, and 31 per cent in France), consolidated volumes were up 6.3 per cent, thanks in particular to the ramp-up of the Ragland kiln in Alabama. In the Americas, w... |
Mali's path to cement self-sufficiency16 February 2024, Published under Cement NewsSet on expansion in west Africa, CIMAF announced this week that it had laid the foundation stone for its new grinding plant in Mali. Other cement producers have also targeted Mali, which saw cement shortages in 2021 but now has a crop of new cement plants under construction. The sudden surge in Mali's cement plant projects is happening despite the challenges of political unrest in the country. There were two coups d’étât in 2020 and 2021, while Al Qaeda is still active in the country and ... |
Vicat reports 8% growth YoY in 202315 February 2024, Published under Cement NewsVicat has reported 8.1 per cent YoY growth in consolidated sales to EUR3.94bn in 2023, compared to EUR3.64bn in the previous year. Over the same period EBITDA has improved by 29.8 per cent from EUR570m to EUR740m. The EBITDA margin has expanded by 3.1 points from 15.7 per cent to 18.8 per cent. The company attributes the advance to its “geographically balanced” portfolio benefiting from cash generation in developed markets and growth opportunities in emerging markets. France, which acc... |
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... |