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The Martiniquan Group CEM produces flour and livestock feed. Its development aims to diversify its range by setting up an activity in Brazil, Saint Lucia and French Guiana – where it is strengthening the local industrial base.
Client presentation
CEM Group was set up in Martinique in 1992. Freight activities were the Group’s first major developments in the Caribbean. It subsequently diversified towards milling and has become the leader in flour and livestock feed production in the French West Indies and French Guiana. CEM also makes strategic international investments, in Haiti, Saint Lucia and Brazil.
Project description
Proparco’s financing will support the development of CEM Group’s agribusiness activities. The group plans to build, extend and modernize mills and livestock feed manufacturing units, as well as to invest in the bread, cakes and pastries sector in the Amazonian State of Amapa in Brazil, Saint Lucia and French Guiana.
Project impact
This project will contribute to the regional expansion of a major industrial player in the French overseas territories. It will diversify the range of food products for human and animal consumption in Brazil, Saint Lucia and French Guiana. It will also contribute to strengthening the industrial base in remote areas, particularly in the Brazilian State of Amapa and in Saint Lucia, where until now there was no mill or livestock feed unit.
20/10/2014
Date of signature of the project
Multi-country French Overseas Territories
Location
Financing tool
2 000 000 Euros
Amount of funding
Equity investment of EUR 2m
Financing details
CEM SAS
Client