DOLIDOL launches its subsidiary DOLICEN, specialized in PET product Recycling

• An investment of 200 million Moroccan dirhams.
• 600 million bottles recycled per year.
• More than 100 direct jobs and 1000 indirect jobs.

DOLIDOL, the pan-African leader in the polyurethane foam and bedding sector, officially launched its subsidiary, DOLICEN, specialized in the production of recycled PET products and discontinuous polyester fibers, on June 16, 2023, in Dar Bouazza. The launch event was attended by Mr. Ryad Mezzour, Minister of Industry and Commerce. With an investment of 200 million DH, including 100 million DH signed within the framework of the investment agreement of the project bank carried by the Ministry of Industry and Commerce, the new factory was established in the DOLIDOL industrial complex in Dar Bouazza, covering an area of 10,000 m², and has created more than 100 direct jobs and 1000 indirect jobs at this stage. Mr. Ryad Mezzour stated: "This project marks an important milestone in our journey towards sustainability and decarbonization of the textile sector. It demonstrates our commitment to promoting circular industry and ensuring sustainable production in compliance with current environmental standards." He added that through this investment, DOLICEN contributes to structuring the PET bottle recycling sector and substituting imports with local production. Mr. Jaafar Harti, CEO of the Dolidol Group and CEO of AFRICORP Consortium, emphasized: "We aim to produce no less than 12,000 tons of finished products per year, achieved through the recycling of over 600 million PET bottles annually. This makes us proud on multiple fronts: environmentally, with the impact of this activity on the environmental aspect; economically and socially, as Dolicen contributes to job creation in the PET waste collection ecosystem and reduces imports while generating foreign exchange. Our goals are clear: to cover 100% of the internal needs of the Dolidol group instead of imported polyester, representing 25% of DOLICEN's total production, with the rest being sold on the national and international markets."

About AFRICORP Industry: AFRICORP Industry is the division of AFRICORP Consortium that encompasses all industrial and distribution activities of the group, including its historical subsidiary Dolidol. About DOLIDOL: Founded in 1972, Dolidol, a leading brand known for its high-quality products and excellent customer service, is now the pan-African leader in the polyurethane foam and bedding sector. The group operates 7 production units in 5 countries including Morocco, Côte d'Ivoire - serving neighboring countries in West Africa such as Ghana, Burkina Faso, Mali, Guinea, and Liberia - as well as Nigeria following the acquisition of Mouka in 2021, a leading manufacturer of polyurethane foam mattresses in the country. Dolidol's expansion also extends to East Africa, by entering into the majority capital of a large operator in Ethiopia, the second most populous market on the continent. Dolidol also has ongoing projects in Uganda, which would allow it to serve neighboring countries such as Sudan, Somalia, Kenya, Rwanda, and Tanzania. As part of its institutionalization project, the Dolidol group opened its capital to the DPI investment fund in October 2018, enabling it to pursue its development ambitions in line with its African strategic vision. About AFRICORP Consortium: AFRICORP Consortium has established itself as a key player and occupies a prominent place in the Moroccan and continental economy. With a solid presence in the Industry & Distribution sector for over 50 years, AFRICORP Consortium has successfully implemented its policy of sectoral and geographical diversification. This policy involves the continuous development of its various business units across the continent. To support its diversification policy and development plan, AFRICORP CONSORTIUM is supported by several renowned financial institutions such as the IFC (World Bank), Proparco, the EBRD, the English fund DPI, the South African Oppenheimer fund, the Singaporean sovereign fund Temasek, as well as other leading institutional actors.

For further information, please contact:
AFRICORP Consortium
Youssef El Fechtali
yelfechtali@africorp.ma
+212 679 82 70 08