Amethis has acquired a minority stake in SIBM, the leading precast concrete manufacturer in Côte d'Ivoire, aiming to bolster its production capabilities and support its geographic expansion.

Information on the Target

Amethis has acquired a minority stake in SIBM, a leading manufacturer of precast concrete products in Côte d'Ivoire. Founded in 1952 in Abidjan, SIBM operates across three primary markets: electrification, road and rail infrastructure, and building construction. The company has significantly contributed to major projects in the country, including the Basilica of Yamoussoukro and the ongoing renovation of the Eastern Road, as well as electrifying hundreds of villages. With eight production sites located strategically near key economic hubs including Abidjan, Yamoussoukro, San Pédro, Bouaké, Korhogo, and the recently established Agnibilékro, SIBM employs 1,200 staff members.

Recognized for its high-quality products and certifications such as ISO 9001 v2015, SIBM has established itself as a market leader. The company's in-house innovation laboratory allows it to offer tailored solutions to its clients, which include major international construction firms like Vinci, Bouygues, NGE, and Colas, as well as local champions like PFO Group and numerous smaller enterprises.

Industry Overview in Côte d'Ivoire

The precast concrete industry in Côte d'Ivoire has experienced significant growth driven by the country's urbanization and infrastructure needs. The Ivorian government has prioritized infrastructure development as part of its National Devel