Senegal’s phosphate flagship ICS gets a new lease of life with Indorama

raw deal

in depth

This article is part of the dossier:

By Théo du Couëdic

Posted on June 6, 2023 10:44

This is part 3 of a 5-part series

In August 2014, the Asian giant Indorama, originally from Indonesia and based in Singapore, acquired 78% of the capital of Industries Chimiques du Sénégal (ICS) when the company's activity was almost at a standstill and its liabilities amounted to $320m.

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Non-Oil Growth

hidden agenda?

Hostages to Fortune