PROJECT

Projects

Environmental & Social Review Summary

Project Number

46721

Company Name

SOCOCIM INDUSTRIES

Date ESRS Disclosed

Oct 14, 2022

Country

Senegal

Region

Africa

Last Updated Date

Dec 17, 2022

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Nov 30, 2022
Signed : Nov 30, 2022
Invested : Dec 15, 2022

Sector

Cement

Industry

Manufacturing

Department

Regional Industry - MAS Africa

Project Description

 SOCOCIM Industries (‘SOCOCIM’, ‘the Company’ or the ‘Borrower’) (http://www.sococim.com/), is a subsidiary of VICAT S.A (‘VICAT’, ‘Sponsor’, or the ‘Guarantor’), one of the global cement manufacturers.  SOCOCIM was established in 1948 and acquired by VICAT Group in 1999. 

IFC is proposing a debt facility to construct a high fuel-efficient kiln, (kiln 6 or the ‘Project’). The total Project cost is expected to be up to €260 million. IFC’s financing consist of up to €120m IFC A-loan and up to €120m equivalent in Parallel Loans. The investment includes the equipment for a complete clinker line, namely: quarry crusher and associated conveyors, pre-stocking hall, raw grinder, fuel preparation workshop, clinker storage silo, improvement on existing furnaces and equipment for processing and storage of alternative fuels.  The planned production capacity is 6,500 tons per day of clinker, or 2 million tons per year.  Construction of kiln 6 is expected to commence in 2022 and expected to start operations in 2024. 

The SOCOCIM cement plant is located in Rufisque, 27 kms from Dakar city center, surrounded by a populated resident area and other industries that have grown over time, including (i) train Express Régional Dakar-AIBD; (ii) port Minéralier et Vraquier (bulk port); (iii) Centrale de Sendou (coal plant); (iv) Tosyali Holding (metalworks); (v) Plateforme industrielle intégrée de Diamniadio (business/education/industrial area). Currently, the plant operates kilns 3, 4 and 5 as well as a coal mill.  Facilities also include the power plant, the solar park, a truck park adjacent to the plant. Raw materials come from 4 quarries: Bargny, Pout, Ngoudiane and Bandia. No land and no quarry expansion are planned as part of the project; however, investment in the new crusher will be part of the Project.                                                  

Overview of IFC's Scope of Review

 IFC’s review of this proposed investment consisted of appraising environmental, health and safety (EHS) and social related information submitted by SOCOCIM including: Environmental and Social Impact Assessment (ESIA), dated March 2022, undertaken for the Project in accordance with national requirements, VICAT Group and SOCOCIM’s environmental, social, labor, health and safety (EHS) policies and procedures, including air emission, noise and vibration monitoring reports.  The appraisal also included: a) virtual meetings with VICAT Group representatives technical and environmental and social risk officers and SOCOCIM plant operational team (quarry management, human resources, compliance, procurement, environmental and social management) commencing in June 2022; and, b) two IFC site visits of the SOCOCIM cement plant  have been conducted in June and July 2022; and, c) engagement with SOCOCIM union representatives, SOCOCIM employees and contracted workers, community members in the Bargny quarry and around the plant in Rufisque.

                                                  

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan

Client Documentation

File Name Actions
ESIA Summary (English).pdf
Rapport Définitif EIES Four 6_SOCOCIM_Mars_2022.pdf