Displaying items by tag: Sococim

Senegal: Cement production in Senegal by Sococim, Dangote Cement and Ciments du Sahel fell by 5.6% month-on-month in January 2023. According to the National Agency for Statistics and Demography, this drop was due to weaker exports, which fell by 7.0% month-on-month. In contrast local cement sales improved by 6.5%.

Compared to January 2022, January 2023 saw an 11.1% increase in cement production volumes. Exports rose by 58.2% year-on-year, while local sales rose by +7.5%.

Senegal: The International Finance Corporation (ICF) has arranged a Euro242m finance package for SOCOCIM Industries to build a new production line at its Rufisque cement plant in Dakar Region. Euro214m of the loans will be used to decarbonise cement production at the site, including a contribution towards a larger Euro260m upgrade project. The new planned production line will have an alternative fuels substitution rate of 70%, increased energy efficiency and will reduce the plant’s CO₂ emissions.

The finance package organised by the IFC comprises a Euro120m loan from the IFC's own account and Euro122m equivalent in local currency parallel loans from Société Générale Sénégal, CBAO Groupe Attijariwafa Bank, Banque Internationale Pour Le Commerce et l'Industrie du Sénégal, and Ecobank Sénégal. Société Générale Sénégal has been appointed as the administrative agent to manage the local currency financing with the other lenders.

SOCOCIM is a subsidiary of France-based Vicat. Fives revealed in early 2022 that it would supply a 6500t/day kiln line for the Rufisque plant.

Senegal: SOCOCIM Industries, a subsidiary of France-based Vicat, has reportedly stopped producing cement at its integrated plant at Rufisque. The move has been blamed on the high price of coal and other raw materials, according to local media. In August 2022 Dangote Cement placed all of the staff from its integrated plant at Thiés on leave for the month. The government previously set a so-called ceiling price of cement in 2019 in responses to high prices.

Senegal: France-based Fives has detailed the equipment that it will supply for its construction of a new 6500t/day kiln line at SOCOCIM Industries’ Rufisque cement plant in Dakar Region. The company says that it will supply a preheater, in-line Preca calciner, kiln, TGT filter and Pillard Novaflam burner.

SOCOCIM Industries’ parent company Vicat’s chair and chief executive officer Guy Sidos said “Vicat Group renews its partnership with Fives Group through this major project of building a new line with a strong local dimension, employing local workers and contractors.” He added “This plant will eventually eliminate the use of fossil fuels, reduce our energy consumption and support Senegalese local development, making a higher quality product while doubling our production capacity.”

Senegal: SOCOCIM Industries, a subsidiary of France-based Vicat, has signed a contract with France-based Fives Group for an upgrade to its Rufisque cement plant in Dakar. Under the contract, Fives Group will supply a new 6500t/day kiln line for the 3.5Mt/yr plant. The supplier said that the line will be optimised for alternative fuel (AF) substitution. It said that the companies share mutual trust, 200 years of history and a commitment to reducing the carbon footprint of the cement industry.

Senegal: The Ministry of Commerce says that a shortage of cement should be averted by the end of April 2019. A breakdown in the clinker production line at the SOCOCIM plant in Rufisque has led to reduced supplies, according to Senegal Direct. The subsidiary of France’s Vicat is arranging imports of clinker in the meantime.

Senegal: Youga Sow, the director general of SOCOCIM Industries, says that his company is aiming for a market share of above 56%. He made the comments at a local festival, according to local press. Sow added that the country produced 3.2Mt of cement in 2016 despite having a production capacity of 8Mt/yr. The other major cement producers include Ciments du Sahel and Dangote Cement.

Senegal: The government of Senegal has introduced a tax of US$4.84/t of cement with effect from 2 January 2017. The tariff will apply to cement from the country’s three cement plants run by Ciments du Sahel, Sococim and Dangote, according to the Quotidien newspaper. Vendors are expected to pass the cost onto consumers with higher prices.

Cement production rose by 10% year-on-year to 5.15Mt in the first 10 months of 2016 from 4.68Mt in the same period in 2015 at the Ciments du Sahel and Sococim plants, according to data from the Directorate of Forecasting and Economic Studies (DPEE), reported upon by the African Press Agency. The increase has been attributed to a 25% surge in exports, although local sales have also risen slightly.