Summary of Proposed Investment
Project Number
25363
Company Name
SOCOCIM INDUSTRIES
Date SPI Disclosed
Nov 20, 2006
Country
Senegal
Industry
Manufacturing
Projected Board Date
Dec 20, 2006
Status
Completed
Sector
Cement
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Dec 21, 2006
Signed : Jan 31, 2007
Invested : Jul 30, 2008
Project Description
The proposed project will support the expansion of the cement activities of the Vicat Group (Vicat), the third largest cement company in France, through a financing package to Sococim Industries (Sococim), its wholly owned subsidiary in Senegal. Sococim, which was acquired by Vicat in 1999, has been supplying the Senegalese market since the 1950s and has also been exporting its cement to the surrounding countries.
Based on anticipated growth in the cement markets of Senegal and Mali and Sococim’s need to enhance the technical performance of its existing facilities, Vicat has proposed an investment program in these countries. The capital expenditure for the project includes the following components:
- construction of a new 24 MW power plant;
- environmental upgrades to meet local, EU and Worldbank/IFC emission standards;
- capacity increase of a quarry, crusher, cement mill and bagging facility;
- replacement of one of the current clinker lines with a new dry process kiln clinker line with a capacity of 4,200 tons per day; and
- various other technological upgrades.
Based on anticipated growth in the cement markets of Senegal and Mali and Sococim’s need to enhance the technical performance of its existing facilities, Vicat has proposed an investment program in these countries. The capital expenditure for the project includes the following components:
- construction of a new 24 MW power plant;
- environmental upgrades to meet local, EU and Worldbank/IFC emission standards;
- capacity increase of a quarry, crusher, cement mill and bagging facility;
- replacement of one of the current clinker lines with a new dry process kiln clinker line with a capacity of 4,200 tons per day; and
- various other technological upgrades.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Marc Leising
Managing Director
+221 839 8888
+221 836 1137
m.leising@sococim.sn
Km 33 Ancienne Route de Thies Colobane Gouye Mouride
Rufisque
Senegal
Managing Director
+221 839 8888
+221 836 1137
m.leising@sococim.sn
Km 33 Ancienne Route de Thies Colobane Gouye Mouride
Rufisque
Senegal
For Inquiries and Comments About IFC, Contact
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Telephone: 202-473-3800
Fax: 202-974-4384
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IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster