Morocco’s largest industrial company Office Chérifien des Phosphates (OCP) have gone into a fertilizer partnership with Toros Tarim, one of the biggest agricultural companies in Turkey. The companies have together founded Black Sea Gübre Ticaret, and they plan to produce phosphatic fertilizer in facilities located in the northern province of Samsun, and export them to Eastern European, Balkan and Central Asian countries. The joint-venture social capital belongs 70% to the OCP group and 30% to Toros.
Toros will invest US$ 232 million and its new sulphuric acid capacity will reach 726,000 tpa and the revamping of the phosacid plant will increase nameplate capacity to 200,000 tpa. With this Toros will be able to be self-sufficient in their phosacid needs. The upgrading of the NPK plant will result in the new sulphuric acid plant direct feeding to it.
Toros Tarım constitutes one of the four major businesses of Tekfen Holding, which is also active in contracting, real estate development, manufacturing and trade. OCP is the world’s largest exporter of phosphate and derivatives; it has some 20,000 employees and reported 4.5 billion dollars in sales in 2010, i.e. 3.5% of Morocco’s GDP and just over 25% of its total exports. OCP produces four types of fertilizers from phosphoric acid: DAP, TSP, MAP and NPK.