Rabat - The Moroccan state-owned Office Chérifien de Phosphates (OCP) plans to invest 10 billion Dirhams next year in the production of fertilizers.
Rabat – The Moroccan state-owned Office Chérifien de Phosphates (OCP) plans to invest 10 billion Dirhams next year in the production of fertilizers.
The world’s largest phosphate producer says it will launch three new integrated units for the production of fertilizers.
With the growing food demand and the increase of the world population, OCP and Morocco will become one of the world’s major players in securing food security across the planet.
OCP’s third quarter net sales increased to $1.4 billion from $1.2 billion in the year-ago period, due to record fertilizer volumes and price increases.
According to a statement on OCP’s third quarter 2014 earnings, fertilizer volumes sold by OCP increased 63% year-over-year to 1.5 million tons in the third quarter, once again reflecting a substantial increase in new product sales as the OCP advances its vertical integration and expand in high growth markets, notably Africa.