Learn about the Cosumar Group’s birth and development since 1929.
COSUMAR’s history has been inseparable with the early industrialization of white sugar in Morocco.
Formerly of homemade fabrication, it was in 1929 that the first sugar refinery was established in the Roches Noires district of Casablanca. Let’s discover the milestones in the history of this major Moroccan company.
BIRTH OF COSUMA
Creation of the Casablanca refinery’s historic site by the Société Nouvelle des Raffineries de Sucre Saint-Louis in MARSEILLE. 100 tonnes of sugar were produced per day, exclusively in the form of sugarloaves.
FROM COSUMA TO COSUMAR
The Moroccan State acquires 50% of the capital.
COSUMAR: SUBSIDIARY OF THE FIRST PRIVATE GROUP, ONA
ONA group takes over Cosumar’s capital, now listed in the Casablanca stock exchange.
ACQUISITION OF THE DOUKKALAS SUGAR FACTORIES
Cosumar absorbs the Doukkala sugar factories (Zemamra and Sidi Bennour), of which it already held a significant share.
BIRTH OF A GROUP
Acquisition of 4 public sugar companies: SUTA, SURAC, SUNABEL and SUCRAFOR
THE FIRST UPGRADING INVESTMENTS
Project for the extension of the beet processing capacity to 15 000 tonnes of beet/day at the Sidi Bennour sugar factory, amount of investment: MDH 850.
COSUMAR’S 80 YEARS AND RECOGNITION AS AN AGGREGATOR MODEL OF THE SUGAR INDUSTRY
Barid Al Maghrib dedicates a stamp to the Moroccan sugar industry on the occasion of the 80th anniversary of its inception. COSUMAR is awarded FAO’s medal for its aggregation model.
CGEM’S LABEL AND « CSR PIONEER» AWARD
COSUMAR is awarded CGEM’s social responsibility label and designated as a Pioneer of CSR in Africa by the CSR Institute
ENTRY OF WILMAR INTO THE GROUP’S CAPITAL
SNI transfers 27.5% of COSUMAR’s capital to Singapore’s Wilmar group.
SALE BY SNI OF A MAJORITY STAKE IN COSUMAR
Entry of a consortium of institutional investors into the capital of the company: Axa Assurances, CNIA Saada, RMA Watanya, SCR, Wafa Assurances, MAMDA, MCMA, CDG, CMR, RCAR, Wafa Gestion, and CFG.
New Brand Identity
COSUMAR has announced its new Brand Identity during the INTERNATIONAL AGRICULTURE SHOW IN MOROCCO 2015.