SIMPA CI (IFC-38053)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ivory Coast
Geographic location where the impacts of the investment may be experienced.
Specific Location
Abidjan-Yopougon, Cote d'Ivoire
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Completed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 15, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
SOCIETE INDUSTRIELLE MODERNE DES PLASTIQUES AFRICAINS SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 16.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 15
Converted using 2016-06-15 exchange rate.
Loan Amount (USD)
$ 16.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 15
Converted using 2016-06-15 exchange rate.
Project Cost (USD)
$ 39.42 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 35
Converted using 2016-06-15 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 17, 2025

Disclosed by Bank Apr 29, 2016


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Proposed investment is an A loan of up to EUR15 million to Societe Industrielle Moderne Des Plastiques Africains ("Simpa", or "the company"), Senegal's leading plastics packaging company. Simpa manufactures a wide variety of plastic packaging products sold primarily to agribusiness companies and hygiene/cosmetic companies. Simpa is planning a regional expansion by establishing a greenfield plastic packaging subsidiary, Simpa Cote d'Ivoire, in Abidjan (the "Project").

Simpa is a supplier of mass consumption injected plastic products, and of flexible thin film plastic packaging solutions for consumer goods, notably food products. The company currently manufactures products from quality rejects (and also scrap collected from outside through resellers), and is procuring raw materials from international companies. The main raw materials are low density polyethylene (LDPE), polypropylene (PP), bi-oriented PP (BOPP), cast PP (CPP), polyethylene tetra phthalate (PET) and aluminum.

The production processes include injection molding, extrusion of plastic film, thermoforming, printing and converting. Simpa has also a small bleach and soap production line. For the new plant, Simpa will procure raw materials from international companies and will also use quality rejects.Simpa's existing plant is located in the Rufisque industrial zone, in the suburb of Dakar, Senegal and covers 41,200 m2 of land bought on a willing buyer willing seller basis. The land for the new plant covers 18,000 m2 in modified habitat of the industrial zone in Abidjan-Yopougon, Cote d'Ivoire. Construction commenced in early 2016 and will extend over a period of one year.

IFC's review included a visit to the following sites: existing Simpa plant in Rufisque, plant of supplier of recycled plastics in Thies, and Dakar municipal landfill on February 29 and March 1, 2016. A visit was also conducted to the construction site in Abidjan-Yopougon, Cote d'Ivoire on March 3, 2016. Meetings were held with the following individuals: Simpa General Manager, Plant Manager, Recycling Manager, Finance Manager, Supply Manager, Medical Doctor, Quality Manager, Environment, Health and Safety (EHS) Manager, Human Resources (HR) Manager, workers representatives (4); General Managers of recycled plastics suppliers, Manager, and EPC Contractor. IFC reviewed the following documentation: Draft Environmental Audit, HR Policy, EHS Policy, Health and Safety Committee composition, Life and Fire Safety audit report, Personal Protective Equipment (PPE) procedure, Emergency Preparedness and Response Plan, grievance mechanism for workers, 2016 Training Plan, hazardous materials list, and noise testing results..

This proposed investment is an Environmental and Social (E&S) Category B project according to IFC's Policy on Environmental and Social Sustainability because potential adverse environmental or social risks and/or impacts are limited, few in number, site-specific, largely reversible and readily addressed through mitigation measures. 

 

 
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Societe Industrielle Moderne Des Plastiques Africains (SIMPA) Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Contact Person: Mr. Ibrahim Hawili
Company Name: Societe Industrielle et Moderne des Plastiques Africains (SIMPA)
Address: Km 18 Route de Rufisque BP 977 Dakar, Senegal
Email: mailto:brahms@simpa.sn
Phone: (221) 33 879 00 79
Facsimile: (221) 33 834 41 90

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works