# 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.

- Type: Investment
- Announced: 2024-01-15
- Where: near Dakar, Senegal, Senegal
- Value: $234.0M (214.0M EUR)
- Status: announced
- Capacity: 2 million tons per year
- Products: cement, clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Société Ouest Africaine des Ciments](https://endata.com/companies/75004.md)
- [International Finance Corporation](https://endata.com/companies/12849.md) (partner)
- [Vicat](https://endata.com/companies/16215.md) (partner)
- [Société Générale](https://endata.com/companies/62392.md) (partner)

## Sources

- [wholesale.banking.societegenerale.com](https://wholesale.banking.societegenerale.com/en/news-insights/clients-successes/clients-successes-details/news/towards-a-low-carbon-cement-in-senegal/), 2024-01-15: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.