India’s Sagar Cements sells joint venture interest to Vicat

Sagar Cements has sold its interest in Vicat Sagar Cement to French construction materials group Vicat. Vicat Sagar Cement is an India-based joint venture between Sagar and Vicat. Vicat now holds 100% of capital in Vicat Sagar Cement. Vicat Sagar Cement operates a cement works with an annual production capacity of 3 million tonnes. Along with its interest in Bharati Cement, Vicat controls cement production of 8 million tonnes/year in India. Vicat generated turnover of €155 million in the country in 2013, up
July 18, 2014 Read time: 1 min

Sagar Cements has sold its interest in 684 Vicat Sagar Cement to French construction materials group Vicat. Vicat Sagar Cement is an India-based joint venture between Sagar and Vicat. Vicat now holds 100% of capital in Vicat Sagar Cement. Vicat Sagar Cement operates a cement works with an annual production capacity of 3 million tonnes. Along with its interest in Bharati Cement, Vicat controls cement production of 8 million tonnes/year in India. Vicat generated turnover of €155 million in the country in 2013, up 12.7% year-on-year. Growth was established at 27.2% in Q1 2014.

Quarry Products

For more information on companies in this article

Related Content

November 7, 2014

Vicat posts 6.1% rise in turnover for first nine months of 2014

French construction materials group Vicat has posted a 6.2% rise in turnover (up 7.4% at a constant scope and exchange rate) for the third-quarter of 2014.

Over a nine-month period, turnover rose by 6.1% year-on-year (up 9.7% at a constant scope and exchange rate) to €1.85 billion (US$2.32 billion).

During this period, concrete and aggregate activity was up 0.9%, other products and services up 1.9%, and cement sales up 15.8% at a constant scope and exchange rate.

The proportion of turnover genera

boombox1

Highlighted Content

boombox2