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New production unit for a Moroccan SME specialized in producing canned fruits and vegetables.

Investor
Cartier Saada
Location
Marrakech, Morocco
Investment
Modernization of an olive production unit.
Investment Size
€ 361,926.07
Financial results
Payback period: 3,5 years
Energy savings
66 MWh per year
CO2 savings
38.03 TCO2 per year
Impact
Increase production capacity /Reduction of energy consumption
Donor
EU, GCF, KTACA, and EBRD SSF.

Modernization of an olive production unit.

Cartier Saada is a Moroccan SME which has been producing canned fruits and vegetables (olives and apricots) for more than 70 years. Located in Marrakech, Cartier Saada products are sold on the local market and in more than 30 other countries on 5 continents.

Up to 70% of the production machines are more than 15 years old, which cause to repeated shutdowns and regular maintenance and repair needs. In 2021, the total maintenance and repair costs over 370,000 MAD excluding the production loss due to the machine’s breakdowns. This project consists of replacing the old production machines with new machines, more efficient and less energy consuming. The new production machines guarantee both high productivity and reliability to ensure products consistency and outstanding quality.

This investment benefiting from the technical assistance and financing provided by

Green Value Chain has enabled the company to further improve its productivity and competitiveness and the sub-borrower to save 2,639,000 MAD annually while reducing electricity consumption by 32%, which corresponds to an annual savings of 66 MWh of electricity as well as GHG savings of 38.03 TCO2/year. 

Green Value Chain (GVC) in Morocco is a credit facility of the European Bank for Reconstruction and Development(EBRD) to provide funding to local partner financial institutions for on-lending to Moroccan SMEs belonging to agribusiness, processing industries and logistics value chains and ecosystems. Supported by the European Union, theGreen Climate Fund (GCF), the Korean Technical Assistance and Cooperation Account (KTACA) and the EBRD Shareholder Special Fund (EBRD SSF), the facility aims to improve competitiveness of SMEs and that of their value chains and ecosystems through highly efficient green investments.

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