Regulatory News:
The Vicat group (Paris:VCT) is announcing that the Jambyl Cement greenfield plant in Kazakhstan has now entered the production phase in line with the original schedule. With a full-year production capacity of over 1.1 million tonnes, this new cement plant will enable the Group to capitalise on the tremendous potential and growth of Kazakhstan, a net importer of cement.
This efficient and modern facility boasts a geostrategic location that enables it to already meet demand generated by Kazakhstan's major growth regions. It is directly linked to the rail and road networks between the two major cities of Astana and Almaty, and can hence serve the country's leading economic and political centres.
Guy Sidos, Chief Executive Officer of the Vicat group commented:
?The
start-up of production at the Jambyl Cement plant is a technical success
that has come at a perfect time to help meet Kazakhstan's growing needs
for cement. This success has been built on a productive partnership with
HomeBroker, our Kazakh partner, and IFC, a member of the World Bank
Group.?
ABOUT THE GREENFIELD JAMBYL CEMENT PLANT
The plant
possesses limestone and clay reserves sufficient for more than 100 years
and will produce cement using the dry process. This technology gives it
a double competitive advantage:
- the energy-efficient production line will consume less than half the energy per tonne of cement of plants using the wet process.
- it is environmentally friendly, complying fully with all the Kazakh and international environmental and safety standards.
Alongside this industrial project, the Vicat group has developed a social project, including the creation of numerous direct and indirect jobs, an intensive and continuous training policy and the integration of employees from the neighbouring village of Mynaral.
ABOUT VICAT
The Vicat Group has nearly 6,700 employees working
in three core divisions, Cement, Concrete & Aggregates and Other
Products & Services, which generated consolidated sales of €1,896
million in 2009.
The Group operates in eleven countries: France,
Switzerland, Italy, the United States, Turkey, Egypt, Senegal, Mali,
Mauritania, Kazakhstan and India. Nearly 56% of sales are generated
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.
REGISTERED 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 84
SA WITH CAPITAL OF €179,600,000
CEE CODE: FR 92 - 057 505 539
NANTERRE
RCS COMPANY REGISTER
VICAT INVESTOR RELATIONS CONTACTS:
STÉPHANE BISSEUIL
TEL.:
+33 13 (0)1 58 86 86 13
s.bisseuil@vicat.fr
or
VICAT
PRESS CONTACTS:
CLOTILDE HUET
CATHERINE
BACHELOT-FACCENDINI
TEL.: +33 (0)1 58 86 86 26
clotilde.huet@tbwa-corporate.com
catherine.bachelot-faccendini@tbwa-corporate.com