Cement News tagged under: Vicat
Vicat Egypt to invest in Sinai Cement16 January 2019, Published under Cement NewsVicat Egypt is expected to invest up to EUR30m in Sinai Cement Co to meet the demand of the local and regional market. Tamer Magdy, CEO, Vicat Egypt, made the announcement during an event celebrating the 15th anniversary of the company’s presence in the Egyptian market. Vicat acquired Sinai Cement, based near El Arish, in 2003. The Egyptian economy has the potential to recover as it is moving forward on the back of the country’s policies, according to the CEO of Vicat Group, Guy Sidos. "W... |
Vicat optimistic for future growth12 November 2018, Published under Cement NewsThis week Vicat announced its 9M18 results with a 7.6 per cent growth in sales, while weaker exchange rates impacted on revenues. Parts of Europe and the US market had a positive effect on results, but Vicat found devaluation of the Turkish lira and production issues in Egypt slowing its progress. Currency headwinds had a negative impact of EUR125m for the group at the end of September. Looking ahead, the group forecasts further growth in the USA and will also want to see market improvemen... |
Vicat optimistic for future growth09 November 2018, Published under Cement NewsThis week Vicat announced its 9M18 results with a 7.6 per cent growth in sales, while weaker exchange rates impacted on revenues. Parts of Europe and the US market had a positive effect on results, but Vicat found devaluation of the Turkish lira and production issues in Egypt slowing its progress. Currency headwinds had a negative impact of EUR125m for the group at the end of September. Looking ahead, the group forecasts further growth in the USA and will also want to see market improvemen... |
Vicat hit by weaker exchange rates07 November 2018, Published under Cement NewsVicat's turnover for the first nine months of the year advanced by 1.4 per cent to EUR1947m, which represents an underlying improvement of 7.6 per cent. The gearing level was reduced from 38.1 per cent at the end of September last year to 37.1 per cent this time. Turnover in cement was 1.8 per cent ahead at EUR1124m and represented 51 per cent of the group total. Cement deliveries improved by 3.1 per cent to 17.44Mt. The aggregates and concrete turnover eased by 0.6 per cent to EUR749m, or 3... |
Vicat Group acquires major stake in Ciplan05 October 2018, Published under Cement NewsFrance’s Vicat Group has announced the acquisition of a major stake in Brazil’s Cimento Planalto (Ciplan). The transaction represents a reserved capital increase of EUR290m for a stake of approximately 65 per cent, with the closing of the deal subject to the fulfilment of certain conditions. Proceeds of the agreement will be used to settle a vast majority of Ciplans’ existing debt. The company operates a 3.2Mta cement plant in Brasilia, alongside nine ready-mix facilities and five aggrega... |
Vicat02 October 2018, Published under Cement NewsVicat is in discussions that might lead to the acquisition of all or part of the privately-owned Brazilian cement group Cimento Planalto SA, generally known as CIPLAN. CIPLAN was established in 1968 and currently has come 1100 employees. Its Sobradinho works has a capacity of 1.6Mta and the company also produces mortars, ready-mixed concrete and aggregates. |
Vicat is looking at Brazil21 September 2018, Published under Cement NewsVicat has confirmed that it is in conversations with Ciplan, Cemento Planalto SA, which could lead to an investment in the Brazilian group. The privately-owned Ciplan was established in 1968 and is active in cement, mortar, concrete and aggregates and has around 1100 employees. No further information was disclosed by Vicat. |
Vicat sees strong growth in net profit07 August 2018, Published under Cement NewsVicat's 1H18 turnover improved by 2.7 per cent to EUR1281m, or by 9.6 per cent on a comparative basis. EBITDA advanced by 4.5 per cent to EUR197m, or by 12.3 per cent on a comparative basis, and the margin improved from 15.1 to 15.4 per cent. The trading profit rose by 21.3 per cent to EUR104m, while the net interest charge was EUR1.8m lower at EUR11.1m, giving an attributable profit 47.2 per cent higher at EUR59m. The net debt at the end of the period amounted to EUR895m, an 11 per cent red... |
Bharathi Cement to build two new plants16 July 2018, Published under Cement NewsHyderabad-based Bharathi Cement is aiming to strengthen its presence in western and eastern India with new plants and products, according to The Economic Times. The Indian cement producer is planning two new cement plants in Vizag and Mumbai in the next 2-3 years. “The two plants can cater to the demand in eastern and western parts of the country,” said Ravinder Reddy, Bharathi’s marketing director. He also said the company will next launch an environmentally-friendly composite cement... |
Vicat advances in most areas, other than Egypt and Switzerland03 May 2018, Published under Cement NewsVicat's 1Q18 turnover showed 3.9 per cent improvement to EUR573m, which represents an underlying advance of 10.8 per cent at constant parameters and exchange rates. The cement turnover grew by 2.5 per cent to EUR290m, as cement shipments advanced by 6.5 per cent to 5.21Mt. Before inter-sector eliminations, the cement turnover amounted to EUR342m, a two per cent improvement. The turnover in concrete and aggregates was 2.9 per cent ahead at EUR215m, which represents an underlying recovery of n... |