15.07.2014 17:48:00
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Vicat Owns 100% of Vicat Sagar in India
Regulatory News:
The Vicat group (Paris:VCT) (NYSE Euronext Paris: FR0000031775 – VCT) has purchased Sagar Cements’ stake in the Vicat Sagar Cement company, subject to customary conditions precedents. After this transaction, Vicat will own 100% of Vicat Sagar Cement. This company operates a plant located in North Karnataka and has production capacity of 3 million tonnes per year. It features the latest in cement-making technology, its own power plant and access to the rail network.
Together with the share purchase, the two groups will untie all their ownership links.
With Bharathi Cement and Vicat Sagar Cement, the Vicat group's Indian operations boast two particularly modern and high-performance cement facilities representing total capacity of 8 million tonnes. This transaction enables Vicat to strengthen its position in a market that shows very strong potential.
In 2013, the Group generated sales of €155 million in India, up +12.7% at constant scope and exchange rates. In the first quarter of 2014, sales in India were up +27.2% at constant scope and exchange rates.
ABOUT VICAT
The Vicat Group has almost 7,700 employees working in three core
divisions, Cement, Concrete & Aggregates and Other Products & Services,
which generated consolidated sales of €2,286 million in 2013.
The
Group operates in 11 countries: France, Switzerland, Italy, the
United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan and
India. Around 62% of its sales come from outside France.
The Vicat
group is the heir to an industrial tradition dating back to 1817, when
Louis Vicat invented artificial cement. Founded in 1853, the Vicat Group
now operates three core lines of business: Cement, Ready-Mixed
Concrete and Aggregates, as well as related activities.
HEAD OFFICE:
TOUR MANHATTAN
6 PLACE DE L’IRIS
F-92095 PARIS - LA DÉFENSE
CEDEX
TEL: +33 (0)1 58 86 86 86
FAX: +33 (0)1 58 86 87 88
A FRENCH REGISTERED COMPANY WITH SHARE CAPITAL OF €179,600,000
EU VAT IDENTIFICATION NUMBER: FR 92 - 057 505 539
RCS NANTERRE
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Vicat-Ciments Vicat SA | 39,45 | -1,13% |