Cement News tagged under: Sococim Industries

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Fives to supply Sococim Industries with Novaflam® burner

20 March 2023, Published under Cement News

Fives' double expertise in combustion and cement will be key to help Sococim Industries ( Vicat group ) reach its goal to increase the performance of its new cement plant line in Senegal while limiting its environmental footprint. Sococim , a long-standing customer of Fives, has three main goals to improve the kiln performance of its new cement line: • Use a large panel of fuels as well as alternative solid fuels (ie biomass) and alternative liquid fuels (ie used oil) • Reduce the emissio...

IFC invests EUR242m in Sococim Industries

28 February 2023, Published under Cement News

The International Finance Corporation (IFC), the investment arm of the World Bank, has confirmed that it is investing EUR242m in Senegal-based cement producer, Sococim Industries , to help boost low-carbon cement production. Sococim, a subsidiary of Vicat , will receive a EUR120m loan from IFC's own account and EUR122m equivalent in local currency from Société Générale Sénégal and other lenders, reports Reuters. Around EUR215m of the financing will be earmarked for green activities, sai...