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Projet SUCRIVOIRE
PROPARCO is participating in upgrading Sucrivoire’s industrial facilities. The environmental and social plan which is accompanying this support aims to protect biodiversity, improve water treatment, and make working conditions better.
Client presentation
SUCRIVOIRE came about through the privatization of SODESUCRE and is one of the two main sugar companies in Côte d’Ivoire. The company operates throughout the production chain, from production to the processing of the finished product. It has two integrated agricultural units and produces over 87,000 tons of sugar a year. SUCRIVOIRE is a subsidiary of the Ivorian agribusiness group SIFCA.
Project description
Proparco’s loan will finance the rehabilitation and upgrading of SUCRIVOIRE’s production facilities. The investment program aims to improve the yields of its plants and increase the capacity of its facilities in order to strengthen its production. SUCRIVOIRE has an annual production target of 115,000 tons of sugar by 2014, against a current capacity of 87,000 tons.
Project impact
SUCRIVOIRE’s sugar complexes are major economic development centers and a source of employment for some 15,000 people. The operation will also contribute to maintaining Côte d’Ivoire’s self-sufficiency in sugar supply on its domestic market. The environmental and social action plan will contribute to conserving biodiversity, improving water resources management, and improving working conditions on the supply chain.
07/12/2011
Date of signature of the project
Côte d'Ivoire
Location
Financing tool
8 000 000 Euros
Amount of funding
Loan of EUR 8 M
Financing details
Sucrivoire S.A.
Client