IMAP is pleased to announce that TEKCIM signed a financing agreement to construct a state-of-the-art cement plant in Ouled Ghanem in the Moroccan province of El Jadida. The $274 million plant will have a nominal capacity of 3,600 tonnes of clinker per day or 1.4 million tonnes of cement per year, helping meet the growing demand for cement amid an increase in housing and infrastructure development projects in Morocco and the African continent.
Construction of the cement plant will be subcontracted by TEKCIM to Société Genéralé des Travaux du Maroc (SGTM), a large Moroccan construction company specializing in public projects, along with FLSmidth, a global engineering company based in Denmark.
The project will be financed by a consortium formed by the African Development Bank (AfDB), BMCE Bank of Africa, the Banque Centrale Populaire and Société Genéralé Maroc.
The team from IMAP Morocco, led by Partners Mehdi Berbich and Abdellatif Imani, advised TEKCIM on the financing agreement.
Globen Lighting designs, manufactures, and sells interior lighting for both private and public environments. The head office is located in Svenljunga and through retailers the company exports lighting products to large parts of Europe and many other parts of the world.
Gábor Szendrői, from IMAP Hungary, outlines why owners of well-structured companies are not only better positioned to maximize the value of their company as an asset but will also have more options when deciding their future.
With its acquisition of De Bezorgberen Holding, De Beren accelerates the group’s growth, as well as increases its diversification.