PROJECT

Projects

Summary of Investment Information

Project Number

43869

Company Name

UNI CONFORT MAROC DOLIDOL

Date SPI Disclosed

May 20, 2021

Country

Morocco

Region

Africa

Projected Board Date

Jun 25, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Jun 29, 2021
Signed : Dec 21, 2021
Invested : Aug 11, 2022

Sector

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

Project Description

The proposed investment consists of up to EUR37 million senior loan package to Uni Confort Maroc – Dolidol SA (“UCM”, “Dolidol” or the “Company”), a leading manufacturer and distributor of polyurethane (PU) foam and bedding products. The Company was established in Morocco in 1972 by Berrada Sounni Family and expanded its geographical footprint in Cote d’Ivoire in 2014. Dolidol has a 45-years track record and is a trusted and quality provider of bedding products with internationally recognized accreditations (i.e., ISO 45001, ISO 9001, IATF 16949). As of December 31, 2020, Dolidol employs 1,000 people and has a logistic platform (17,000 sqm) and 150 trucks. It sells its products through a network of 1,100 distributors, 50 owned stores and 10 distribution facilities. Dolidol’s investment plans include (i) an acquisition in Nigeria, (ii) a greenfield plastic recycling capex in Morocco and (iii) installation of solar panels (1.25MW) on the Company’s industrial facilities in Morocco (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation