Keywords: Phosphate industry
Moroccan phosphate giant OCP SA has acquired PwC Business Services, a subsidiary of PwC Advisory Morocco, in a move that cements their long-standing collaboration. The transaction allows OCP to internalize administrative and financial support functions previously managed by the subsidiary. PwC Business......
OCP Maintenance Solutions launches expertise center for turbomachinery OCP Maintenance Solutions (OCP-MS), a subsidiary of OCP Group, has officially announced the launch of its expertise center for turbomachinery. This initiative, revealed on Monday, represents a significant step towards enhancing technical......
Morocco's state-owned phosphate powerhouse OCP Group has finalized a MAD 2.05 billion ($205 million) agreement with Shanghai Zhenhua Heavy Industries (ZPMC) for bulk cargo handling equipment at the Port of Safi. The contract, announced December 30, specifies a 30-month delivery timeline. ZPMC, which......
OCP Group, a leading Moroccan phosphate producer, is making strategic moves to expand its influence in the global animal feed sector. The company has submitted a proposal to Morocco's Competition Council to acquire a 75% stake in Spain’s Global Feed SLU, enhancing its control over the Spanish......
Morocco's state phosphate company OCP has announced an ambitious MAD 139 billion ($14 billion) investment plan spanning 2025 to 2027, marking a significant expansion of its operations and sustainability initiatives. According to a recent report from the Ministry of Economy, the investment will be......
In a significant move to bolster its phosphate production capabilities, Morocco's OCP Group has partnered with global mining technology leader Weir Group PLC in a £25 million (approximately $33 million) deal. This collaboration aims to introduce cutting-edge, energy-efficient solutions to OCP's......
In a remarkable display of resilience, Morocco's OCP Group has emerged as a beacon of strength in the face of economic challenges, recording a robust revenue of MAD 43.5 billion (approximately $4.35 billion) as of June 2024. This significant rebound, amidst a global economic landscape marked by uncertainty,......
In a significant development for Morocco's phosphate industry, the OCP Group has expressed its satisfaction with the recent decision by the US-based company Mosaic to withdraw its request for a review of import duties on Moroccan phosphate rock. This move, welcomed by OCP, has the potential to reshape......
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