The Cherifian office for Phosphates (OCP) decided to create a new company with a capital of MAD 13.8 billion, assembling a number of its subsidiaries engaged in chemical activities.
The government gave the green light to the complex to create this company named “OCP Nutricrops,” in a decree issued in the Official Gazette No. 7105.
The company aims to accelerate the implementation of the OCP strategy in the field of fertilization solutions for soil and plants.
The new company will merge 3 companies, namely Jord Fertilizers Company I, Jorf Fertilizers Company II and Jorf Fertilizers Company IV, and are 100% owned by the OCP.
The new company will also include Jorf Fertilizers Company III and Jorf Fertilizers Company V, which are 50% and 60% owned respectively by the complex.
The process of pooling these companies and contributions will, in the long run, enable the creation of a leading company in the fertilizer sector and customized fertilizer solutions with greater flexibility and more options in terms of financing solutions, especially in terms of opening capital.
The main activity of “OCP Nutricrops”, which will be created in the form of a joint stock company with a board of directors with a capital of MAD 13.8 billion, is the manufacture of phosphoric acid, mono-ammonium phosphate and chemical products of all kinds, mainly by converting phosphates.
The company’s business plan expects that its average turnover will reach an approximate MAD 30.6 billion between 2022 and 2025.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.