Company: Cosumar
Country: Morocco
Sector: Agricultural Commodities (Sugar)
CEO: Not publicly listed
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Casablanca, Morocco
Founded: 1929
Valuation/Revenue: $1,283.9m revenue / $1,880.8m market value (African Business Top 250, 2025)
Cosumar is Morocco’s dominant sugar company, refining, packaging and distributing virtually all of the sugar consumed domestically while also processing locally grown sugar beet and cane. It is listed on the Casablanca Stock Exchange and ranks among Morocco’s largest industrial groups by revenue.
What Does Cosumar Do?
Cosumar operates as an integrated sugar business: it contracts with tens of thousands of Moroccan farmers to grow sugar beet and sugar cane, processes the raw crop at a network of regional sugar plants, refines imported raw cane sugar at its Casablanca refinery, and packages and distributes retail and industrial sugar products nationwide. Its processing footprint spans several of Morocco’s key agricultural regions, including the Doukkala, Gharb, Loukkos, Moulouya, Souss and Tadla zones, making it a central pillar of Morocco’s agro-industrial economy and a major buyer of domestically grown sugar crops. Beyond retail sugar, the group produces derivative and by-products used in food processing and animal feed.
How Big Is Cosumar?
African Business’s Top 250 Companies in Africa (2025) placed Cosumar at rank 118, with revenue of roughly $1,283.9 million and a market value of about $1,880.8 million, underlining its status as one of Morocco’s largest listed non-financial companies. Because Morocco effectively relies on Cosumar to secure its sugar supply, the company’s fortunes are closely tied to state agricultural policy, world raw sugar prices, and the government’s system of price support for staple foods, of which sugar is one.
Who Owns Cosumar?
Cosumar’s shareholder base is anchored by Al Mada (Morocco’s largest private investment holding company, formerly known as SNI, historically linked to the royal family’s business interests) alongside international shareholders. Singapore-based agribusiness group Wilmar International built a significant stake in Cosumar starting around 2011 as part of a strategic partnership aimed at securing raw sugar supply and technical expertise, making Wilmar one of the largest single shareholders alongside Al Mada. The remainder of the free float trades on the Casablanca Stock Exchange under the ticker CSR.
Is Cosumar Publicly Traded?
Yes. Cosumar has been listed on the Casablanca Stock Exchange for decades and is one of the exchange’s larger constituents by market capitalisation, making it a bellwether stock for Morocco’s agro-industrial sector.
How Old Is Cosumar?
Cosumar traces its roots back to 1929, when it was established as the Compagnie Sucrière Marocaine et de Raffinage, making it nearly a century old and one of the oldest continuously operating industrial companies in Morocco. Over the decades it consolidated Morocco’s fragmented sugar processing industry, eventually becoming the country’s sole large-scale integrated sugar producer as smaller regional operators were absorbed into the group.
Where Is Cosumar Headquartered?
The company’s headquarters and refinery complex are based in Casablanca, Morocco’s commercial capital, with production facilities distributed across the country’s principal sugar-beet and cane-growing regions.
What Has Cosumar Been in the News For Recently?
In recent years Cosumar has continued to feature in discussions of Morocco’s food-security strategy, given the state’s reliance on the company to manage sugar imports, refining capacity and price stability for a subsidised staple. The company has also pursued diversification into value-added and export-oriented sugar and derivative products, and has periodically discussed expanding its footprint into other African sugar markets, reflecting a broader trend among large Moroccan groups seeking growth on the continent as the domestic market matures.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
What does Cosumar do?
Cosumar grows, processes, refines and distributes sugar in Morocco, supplying nearly all of the country’s domestic sugar needs.
Who owns Cosumar?
Its largest shareholders are Al Mada, Morocco’s major private investment holding company, and Singapore’s Wilmar International, which took a strategic stake around 2011.
Is Cosumar a public company?
Yes, it is listed on the Casablanca Stock Exchange under the ticker CSR.
How old is Cosumar?
It was founded in 1929 as the Compagnie Sucrière Marocaine et de Raffinage, making it nearly 100 years old.
Where is Cosumar based?
Its headquarters and main refinery are in Casablanca, Morocco.
How big is Cosumar’s business?
African Business’s 2025 Top 250 ranking placed it at number 118 in Africa by revenue, with roughly $1.28 billion in revenue and a market value near $1.88 billion.