After a long period of lean times in Morocco marked by a historic loss in 2017 and a fairly heavy tax adjustment suffered the following year, the French group Touax is smiling again thanks to the clear rebound recorded by its subsidiaries Touax Maroc and Ramco.
In the wake of a vigorous recovery in its sales in sub-Saharan Africa (its main market), sales of Touax Maroc’s modular buildings exceeded 40,000 m3 in 2023 compared to just under 25,000 m3 a year earlier. Admittedly, the only industrial entity of the French group specializing in the rental, management and sale of modular buildings and maritime containers, remains at a still limited level in terms of utilization rate of its production capacities (which is around 40%), but the expansion of the activity has enabled Touax Maroc Capital (the holding company leading the Moroccan activities) to achieve a consolidated turnover of more than 250 million dirhams.
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It should be recalled that the Touax group, which is listed on the Paris Stock Exchange, gained a foothold in Morocco in 2012 through the acquisition of SACMI (a family SME initially with Moroccan capital) and its subsidiary RAMCO, an entity entirely dedicated to the rental of transport modules and containers. This external growth operation was carried out with the help of the African Development Partners I (ADP I) fund, managed by Development Partners International (DPI), a private equity firm based in London. Since then, the Touax group, which last year claimed a global turnover of nearly 200 million euros (more than two billion dirhams), has invested nearly 200 million dirhams in our country.
