Société Multinationale de Bitumes (SMB) Investment Strategy
In 2010, SMB was using its full capacity. If producing at full capacity, SMB is still meeting 45% to 50% of bitumen demand in the sub-region.
In 2010, SMB was producing at the full capacity. If producing at full capacity, SMB is still meeting 45% to 50% of bitumen demand in the sub-region. Consequently, half of the market’s demand is currently covered by imports from Latin America and Europe.
Thus, SMB decided to undergo an investment plan to increase their capacity. For the first project, SMB expects an increase in production by 10% to 20%. For the second project, SMB expects production to go up by another 50%. Altogether, it would represent an almost 60% increase in the current production level and SMB could largely cover the needs of the Ivorian market.