PROJECT

Projects

Summary of Investment Information

Project Number

38053

Company Name

SOCIETE INDUSTRIELLE MODERNE DES PLASTIQUES AFRICAINS SA

Date SPI Disclosed

Apr 29, 2016

Country

Cote D'Ivoire

Region

Africa

Projected Board Date

Jun 2, 2016

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 11, 2022

Department

Regional Industry - MAS ME & Africa

Industry

Manufacturing

Previous Events

Approved : Jun 15, 2016
Signed : Jun 17, 2016
Invested : Aug 17, 2016

Sector

Other Plastic and Rubber Products (Including Polypropylene Bags, Housing Components, Containers, etc.)

Project Description

IFC is considering providing financing to SIMPA (Societe Industrielle et Moderne des Plastiques Africains), a leading manufacturer of plastic packaging in Dakar, Senegal for expansion which will include (i) setting up a subsidiary greenfield packaging manufacturing plant in Abidjan, Cote d’Ivoire and (ii) modernizing existing production capacity in Senegal.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation