Vicat subsidiary Sococim secures EUR 214M financing for cement plant modernization

Sococim, the Senegalese subsidiary of Vicat, secured EUR 214 million in financing to modernize its clinker production plant near Dakar, including a EUR 260 million investment to replace old kilns and increase capacity to 2 million tons per year.

“The EUR 214 million financing includes a tranche of green loans granted in local currency by Societe Generale Senegal and three other local banks, as well as a tranche of green loans granted in euros by IFC.”wholesale.banking.societegenerale.com

• 1 source
• wholesale.banking.societegenerale.comTowards a low-carbon cement in Senegal - Societe Generale Wholesale BankingGuy Sidos, CEO of VicatJan 15, 2024

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