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Homepage > Vicat Group > News from the Group > Vicat owns 100% of Vicat Sagar in India

Vicat owns 100% of Vicat Sagar in India

The Vicat group 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. 

Date of the news: Juillet 2014

Usine de 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.