Sococim Low Carbon Cement

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 The proposed investment is a debt facility to Sococim Industries(‘Sococim’, ‘Company’ or the ‘Borrower’), the largest integrated cement manufacturer in Senegal to fund a partial replacement and modernization at its existing facility near Dakar, Senegal. Sococim is a subsidiary of Vicat S.A, (‘Vicat’, ‘Sponsor’, or the ‘Guarantor’), an existing and strategic client for IFC, and one of the top global cement makers.IFC’s facility will enable Sococim to replace and modernize part of its existing capacity with a modern fuel-efficient kiln (the ‘Project’) with Best Available Technology. Further, the Project will enable the Company to replace all of its clinker imports.