Vicat-SOCOCIM

completed

_x000C_The proposed project will support the expansion of the cement activities of the Vicat Group (Vicat or the Sponsor), the third largest cement company in France, through a financing package to Sococim Industries (Sococim or the company), 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: - replacement of the current clinker lines with a new dry process kiln clinker line with a capacity of 4,200 tons per day; - construction of a new 24 MW power plant; - capacity increase of a quarry, crusher, cement mill and bagging facility; - environmental upgrades to meet EU emission standards; and - various other technological upgrades.