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The Vicat Group held a Capital Markets Day in L'Isle d'Abeau, France, to present its Climate Strategy. The company aims for carbon neutrality in its value chain by 2050 and has set 2030 emissions targets. Investments to achieve these goals are estimated at 800 million euros from 2021 to 2030. Over two-thirds of EBITDA is generated from eight plants in Europe and the U.S., where competitive modernization is crucial. Noteworthy projects include hydrogen production initiatives like HYNOVI and Genvia.
Positive
Vicat aims for carbon neutrality by 2050 and has ambitious 2030 emissions targets.
The company is investing 800 million euros from 2021 to 2030 to meet its climate goals.
Negative
Limited capacity for major investments in decarbonization among its eight plants generating over two-thirds of EBITDA.
The Vicat Group (Euronext Paris: FR0000031775 - VCT) announced today that it has held an information meeting, or Capital Markets Day, at its headquarters in L'Isle d'Abeau, France, dedicated to its Climate Strategy, followed by a visit to the Montalieu cement plant.
The Climate Strategy presented at this event is available in the form of a commented document on the Group's website www.vicat.fr
During the presentation, the Vicat Group reiterated its 2030 emissions targets and reaffirmed its ambition to achieve carbon neutrality in the value chain of its products and services by 2050.
The group also presented the solutions currently being implemented to reach its 2030 objectives and the various projects planned to enable it to achieve its 2050 ambition, including projects for the production of hydrogen through CO2 recovery. such as HYNOVI and Genvia in particular.
Finally, the Group underlined that more than 2/3 of its EBITDA is currently generated by 8 plants in Europe and the United States, where investments to achieve the best decarbonization standards are limited. It also specified that, in countries where carbon regulations are in the making, its industrial facilities are among the most modern and competitive in each of the markets where it operates. Therefore, the amount of investments required to finance the transition of its industrial base to meet its 2030 objectives have been estimated at 800 million euros over the period 2021 to 2030.
About Vicat
The Vicat Group employs over 9,000 employees and generated consolidated sales of €2.805 billion in 2020., coming from its production businesses in, Cement, Concrete & Aggregates and Other Products & Services. The Group operates in twelve countries: France, Switzerland, Italy, the United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan, India and Brazil. Some 64% of its sales are generated outside France. The Vicat Group, a family business, is the heir to a 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 other activities related to these core businesses.
