The European Bank for Reconstruction and Development (EBRD) is granting a $15 million loan to Multisac. The Moroccan company will use the funds to introduce reusable and recyclable packaging film into its product range.
Multisac is receiving support from the European Bank for Reconstruction and Development (EBRD) to expand its product range. The EBRD is providing €15 million to Multisac to support the production and marketing of biaxially oriented polypropylene films. These are flexible, reusable and recyclable packaging films with a low carbon footprint, unlike conventional “single use” films.
Like the woven polypropylene sacks manufactured by Multisac since 2006, the new packaging films will be used to store a variety of products, including food, agricultural, agro-industrial and chemical products.
Increasing its market share in Africa
The EBRD loan, supported by a guarantee from the European Union (EU) through the European Fund for Sustainable Development (EFSD), will also enable Multisac to build a new “green” and Breeam (Building Research Establishment Environmental Assessment Method) certified manufacturing plant. In addition to being environmentally friendly, the plant will increase Multisac’s production capacity for woven polypropylene bags from 220 to 250 million units per year. The European Union is also providing technical support for the project.
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The diversification of Multisac’s activities in Morocco will also increase its market share in the Kingdom, currently estimated at around 35% by the EBRD. The company is also present in other African countries, exporting more than 35 million bags per year to Mauritania, Guinea, Senegal, Mali and Burkina Faso. Multisac also produces 25 million bags per year in Tunisia through its subsidiary, Société industrielle de sacherie, based in Rue de la Gare Sahline Sabkha in Monastir.
Inès Magoum
