Mining

Côte d’Ivoire: Moroccan cement producer CIMAF to build new plant in San Pedro

Friday, 08 January 2016 14:49

The Ivorian subsidiary of Cimenteries d'Afrique (CIMAF) is going to expand its assets in the countries by building a new production unit in San Pedro. This was announced on Thursday 7, 2016 by Emmanuel Essis Esmelle, director general of Centre de Promotion des Investissements en Côte d’Ivoire (CEPICI).

For a cost FCFA35 billion, the new infrastructure will boost the group’s annual production capacity which was insured by its grinding center in the industrial zone of Yopougoun. With it, CIMAF will strengthen its position in the local market and effectively target the regional market.

Let us recall that in Côte d’Ivoire which is currently busily reconstructing and need significant quantities of cement, installed capacities for cement are lacking. To remediate to this but also to mitigate the hike in prices of cement and meet market needs, the government had to green-light the import of 300,000 additional tons of cement.

The sector remains dynamic and it is expected even to see four new cement factories with a total capacity of 4.3 million tons land in the country by 2017.

CIMAF is an African arm of Moroccan real estate firm Addoha which is also active in Côte d’Ivoire and deals with housing projects.

Idriss Linge

On the same topic
Rainbow Rare Earths postpones Phalaborwa feasibility study to 2026 Project aims to recover rare earths from industrial residues DFC-backed venture...
Ghana’s Tema Oil Refinery (TOR) is preparing to resume operations in October 2025 after a four-year suspension. The Centre for Environmental Management...
Morocco has raised its greenhouse gas (GHG) reduction target to 53% by 2035, up from 45.5% by 2030. The new climate plan includes 21.6%...
Algeria ranks as Africa's second-largest food importer, trailing only Egypt. The government established the National Scientific Council for Food...
Most Read
01

Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...

Sonatel Stock Nearly 19% Rise Over the Year, Signals Undervalued Telecom Giant Poised for Further Growth
02

Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...

Presidential Elections: Paul Biya Declared Winner in Cameroon, Alassane Ouattara Favorite in Ivory Coast
03

Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...

Wave Launches Commercial Bank in Côte d’Ivoire
04

ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...

ECOWAS Deploys Artificial Intelligence to Combat Organized Crime
05

NGE wins two contracts for sanitation, coastal protection in Senegal Projects target Dakar’s Hann...

Senegal Selects French Group NGE for Two Environmental and Heritage Projects
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.