Cement News tagged under: Vicat
Vicat and Egypt settle investment dispute24 March 2022, Published under Cement NewsEgypt’s Prime Minister, Mostafa Madbouli, and the Minister of Justice, Omar Marwan, have witnessed the signing of a final settlement agreement on the country’s investment dispute with Vicat , a shareholder in Sinai Cement Co . The agreement was signed by Minister of International Cooperation, Rania el Mashat on behalf of the government, and Vicat’s Chairman and CEO, Guy Sidos. Under the agreement, the arbitration case between the two parties before the International Center for Settlemen... |
Vicat reports 29% rise in consolidated net income in 202116 February 2022, Published under Cement NewsVicat saw its consolidated sales advance by 11.3 per cent to EUR3123m in 2021 from EUR2805m in 2020. At constant scope and exchange rates the increase was 16.2 per cent. EBITDA was up 11.1 per cent and 14.5 per cent like for like (LfL) to EUR619m in 2021 from EUR557m in the previous year. However, the EBITDA margin slipped from 19.9 per cent in 2020 to 19.8 per cent in 2021. Consolidated net income increased by 29.1 per cent (31.8 per cent LfL) YoY to EUR222m from EUR172m in 2020, with... |
Vicat to invest EUR800m to meet 2030 climate targets19 November 2021, Published under Cement NewsThis week, Vicat held a meeting at L'Isle d'Abeau on the company's climate strategy. The French producer has been describing how it will meet its 2030 and 2050 emission targets throughout its value chain in building materials. Vicat reports that just to meet its 2030 objectives it will need to invest an estimated EUR800m. Capex investment of this magnitude will be shared with clinker factor and activated clay investment accounting for 30 per cent of the budget, fuel substitution representi... |
Vicat posts 9M21 consolidated sales up 4% YoY04 November 2021, Published under Cement NewsVicat reported consolidated sales in the third quarter of 2021 of EUR794m, up 4.2 per cent YoY on a reported basis and up 19.7 percent at constant scope and exchange rates when compared with the 3Q20. “This performance confirms the strength of the Group’s business trends in a quarter when the basis of comparison was highly unfavourable in France, the Americas and India. Last year, activity in the third quarter of 2020 was boosted by a catch-up in these regions after the pandemic had taken ... |
Vicat announces methanol production at Montalieu-Vercieu cement plant16 September 2021, Published under Cement NewsIn partnership with Hynamics, a subsidiary of the EDF Group specialising in hydrogen production, Vicat is developing an integrated solution for capturing CO 2 and producing carbon-free methanol. The Hynovi project aims to create the first production sector for decarbonised methanol in France and is in line with the French government's objectives in terms of decarbonisation of industry and energy independence, of which synthetic fuels constitute one of the main levers. The pro... |
Vicat reports 20% rise in 1H consolidated sales28 July 2021, Published under Cement NewsVicat reported a 19.6 per cent increase in consolidated sales as they rose from EUR1.304bn in the 1H20 to EUR1.56bn in the 1H21. At constant scope and exchange rates the advance is 26.2 per cent YoY. The group enjoyed strong sales growth in the 1H21 as buoyant markets combined with a favourable basis of comparison. Business was hit particularly hard in the 2Q20, particularly in India and France, by the spread of COVID-19 and the governmental measures introduced to tackle it. Although the ... |
Vicat contracts FLSmidth for full-scale clay calcination project29 June 2021, Published under Cement NewsVicat has contracted FLSmidth to deliver equipment for a new project in France, which will replace clinker with an environmentally-friendly clay and cut up to 16 per cent of CO 2 emissions, compared to existing cement products. The order includes FLSmidth’s new flash calciner technology, an environmental control system and alternative fuel storage. The project is set to become Europe’s first full-scale clay calcination installation. The flash calciner, expected to have a minimum capacity... |
Dal Machinery & Design completes Konya kiln shell order16 June 2021, Published under Cement NewsDal Machinery & Design ( Dal Engineering group) was awarded a project for the manufacturing and installation of a kiln shell for VICAT Group's Konya Cement plant, Turkey. The kiln shell was manufactured with a diameter of 4.136mm. Delivery and installation works were made during the month of April of 2021. |
Vicat reports 15% YoY surge in sales for 1Q2106 May 2021, Published under Cement NewsVicat Group’s consolidated sales in the first quarter of 2021 reached EUR707m from EUR615m in the 1Q20, up 14.9 per cent on a reported basis and 22.1 per cent at constant scope and exchange rates. The group saw the benefits of a highly favourable base comparison in the first quarter given the impact of the pandemic and the government measures taken to address it in March 2020 and more generally during the first six months of 2020. However, the first-quarter performance not only exceeded tha... |
Vicat’s SeRaMCo contribution27 April 2021, Published under Cement NewsFrance-based multinational Vicat group has been contributing to the European SeRaMCo (Secondary Raw Materials for Concrete Precast Products) project, aimed at reducing the carbon footprint of the construction sector by finding beneficial uses for inert waste from demolition sites. The company has been undertaking industrial trials to incorporate fines derived from demolition concrete as a raw material for cement production – an initiative that forms one aspect of Vicat’s circular economy dri... |