BillionaireNet
family
Jacques Merceron-Vicat & family
Rank #2641
FRANCEManufacturingCement

Jacques Merceron-Vicat & family

Net Worth
$1.338B
+2.26% (24h)
Jacques Merceron-Vicat, a prominent figure in the cement industry, and his family have a combined net worth of $1.2 billion. Their wealth is primarily derived from the Vicat Group, a French company with a rich history in cement production. Jacques Merceron-Vicat's career has been marked by significant achievements, including leadership roles within the Vicat Group. He played a key role in expanding the company's operations globally, and he served as CEO and Chairman of the Board. The Vicat Group, founded in 1853, is a major player in the construction-engineering industry, manufacturing cement, ready-mix concrete, and aggregates. Throughout his career, Merceron-Vicat has emphasized the importance of innovation, community engagement, and sustainability within the construction sector. He has been a driving force in the group's expansion and its commitment to quality and environmental responsibility. As of 2024, he holds the position of Honorary Chairman.

The Full Dossier

Early Life

Jacques Merceron-Vicat was born on March 22, 1938, in La Tronche, France. He is a descendant of Louis Vicat, who invented artificial cement in 1817, laying the foundation for the family's involvement in the cement industry.

Rise to Success

After graduating from École Nationale des Travaux Publics de l'État in 1962, Jacques Merceron-Vicat joined the family business, Vicat Group, as an exploitation engineer. He started his career working alongside his father, André Merceron-Vicat. Over time, he rose through the ranks, contributing to the construction of the Créchy cement plant, which was inaugurated in 1968. Merceron-Vicat was instrumental in the international development of the company, starting with its presence in the southeastern United States. He became General Director of the Vicat company in 1973 and, subsequently, Chairman and CEO in 1984. During his tenure, he implemented policies focused on modernization, energy efficiency, and automation in cement units. He gave the company an international dimension by building a strong industrial base in four continents and 11 countries.

Key Business Strategies

Under Jacques Merceron-Vicat's leadership, Vicat Group implemented several key business strategies. He focused on restructuring the production apparatus and expanding the company's international presence. He played a crucial role in acquiring the Ragland Cement Plant in Alabama in 1974, marking a significant step in the group's global expansion. The group's expansion continued with acquisitions and Greenfield factories. Vicat entered the Indian cement industry in 2008 and acquired a major stake in Bharathi Cement Corporation Private Limited in 2010 to further its footprint in India.

Philanthropy

Vicat Group supports local communities through various initiatives. Community service is a priority for the Vicat group globally. Initiatives have included supporting local authorities, associations, and NGOs for concrete initiatives. In India, a socio-medical center near the Kalburgi cement plant was founded to provide remote consultations. The company also supports education through local government programs and provides merit-based scholarships in Senegal.

Career Timeline

2008

Stepped Down as CEO

Relinquished the role of CEO to Guy Sidos but remained Chairman of the Board.

1984

Chairman and CEO of Vicat

Became Chairman and CEO, continuing company restructuring and international development.

1973

General Director of Vicat

Appointed General Director, instigating modernization, energy efficiency, and automation.

1962

Joined Vicat Group

Began his career as an exploitation engineer within the family-owned Vicat Group.

Philanthropic Impact

EducationN/A

Support for Education

Vicat Group supports local education programs.

HealthcareN/A

Healthcare Initiatives in India

Founded a socio-medical center in India to provide remote consultations.

Wealth Trajectory