Cim Metal Group to inject CFA65 billion in its upcoming cement plant in Togo

Economic governance
jeudi, 11 mars 2021 06:00
Cim Metal Group to inject CFA65 billion in its upcoming cement plant in Togo

(Togo First) - To set up his cement factory in Togo, Inoussa Kanazoe, CEO of Cim Metal Group, will spend CFA65 billion. The plant, which will mark the beginning of the group’s activities in the country, is set to produce 25 million tons of cement per year. 

The news was disclosed by Bassirou Sana, director of Cimco (Togolese subsidiary of Cim Metal Group). The executive said the plant should open next September, adding that the related preliminary works are 65% complete. Once active, the plant should generate 500 direct jobs and 1,000 indirect ones. 

It should be noted that Cimco got a CFA25 billion financing from the BOAD. 

In Togo, Cimco will compete with Heidelbergcement, WACEM, and Dangote Cement. 

Séna Akoda

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