OCP Group

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OCP Group
Industry Phosphates, Chemicals
Founded 1920
Headquarters Casablanca, Morocco
Key people
Mostafa Terrab (Chairman)
Revenue Increase $ 4.575 billion USD (FY 2015) (2015)
Increase $ 562.02 million USD (FY 2015) (2015)
Owner Government of Morocco (100%)
Number of employees
about 20.000
Subsidiaries Mining & processing

Phosboucraâ
Prayon
Euro Maroc Phosphore
Jorf Fertilizer Company
Indo Maroc Phosphore
Pakistan Maroc Phosphore
Zuari Maroc Phosphates Limited
Paradeep Phosphates Limited

International & trading

OCP International
OCP Fertilizantes
OCP de Argentina
OCP do Brazil
Black Sea Fertilizer Trading Company
OCP Africa

Engineering & Consulting

Jacobs Engineering
Transportation Engineering and Management Consultants
DuPont OCP Operations Consulting

Ecosystem Development

Société d'Aménagement et de Développement Vert
Société d'Aménagement et de Développement de Mazagan
OCP Innovation Fund for Agriculture
Fondation OCP
Fondation Phosboucraâ
Website http://www.ocpgroup.ma/en

The OCP Group (formerly the Office chérifien des phosphates), founded on August 7, 1920 in Morocco[1][2] and transformed into a limited company (OCP SA) in 2008, is one of the leading exporters of phosphate rock, phosphoric acid and phosphate fertilizers in the world.[3][4][5][6]

The OCP Group has nearly 20,000 employees located mainly in 4 mining sites and two chemical complexes in Morocco, as well as in other international locations.[7][8][9][10] The group has several subsidiaries in and outside of Morocco. In 2015, its turnover amounted to US $4.575 billion.

History[edit]

Boujniba: first mine[edit]

The OCP Group started its activity of extracting phosphate and the shipment processing of phosphate on March 1, 1921, when the first mine in Boujniba in the Khouribga area, the richest phosphate deposits in the world, was opened.[11] Transporting the phosphate to the port of Casablanca started in that year, allowing the first export of phosphate on July 27, 1921. Subsequently, OCP opened three other mining sites known as Benguérir, Boucraâ-Laayoune and Youssoufia.[12]

Industrial development[edit]

Production gradually increased to 5 million tonnes in 1954. Since then, production has continued to expand, exceeding the 10 million tonnes threshold in 1964 and 20 million tonnes in 1979.

Between 1951 and 1961 drying and calcination plants were established in the Khouribga and Youssoufia areas. In 1962, the OCP Group established a "Customer Care Service" consisting of engineers and technicians who travel the world with a mission to monitor the use of phosphates that have been delivered to customers in order to constantly improve the qualities produced in accordance with the evolution of processing techniques.[13] To continue its growth and to win new international markets, the OCP Group created Morocco Chemicals in 1965. The company is responsible for the production of different products derived from phosphate with a plant built in Safi.[14][15] The first exports of phosphate derivatives began that year.

In 2014, the OCP Group inaugurated the pipeline linking Khouribga to Jorf Lasfar, a technological advancement in the transportation of phosphates.[16]

Establishment of the OCP Group[edit]

In 1975, the Office chérifien des phosphates became the OCP Group.[14][17]

In the following years, the OCP Group invested in the creation of new production lines, especially in Jorf Lasfar, where the construction of a new chemical complex began in 1982. These new industrial structures for the production of sulfuric acid and phosphoric acid would become effective in 1986, followed by the production lines for fertilizer in 1987.[18]

In 1994, the OCP Group started a new mining project in Sidi Chennane in the Khouribga area.[19] The construction of the purified phosphoric acid plant was launched in Jorf Lasfar in 1996 and effectively started in 1998.[20]

In 2008, the OCP Group became a limited company.[21][22] To date, 95% of the OCP Group is owned by the state and 5% by the Banque Centrale Populaire.[23][24]

The group[edit]

The Group's activities are organised into an integrated model covering all operations of the value chain from the extraction of phosphates to the production and marketing of various products including fertilizers and phosphoric acid.[25]

The OCP Group plays an important economic and social role in Morocco. The value of phosphates and their derivatives represented nearly a quarter of the country's exports and approximately 3.5% of the GDP in 2010.[26][27]

Since 2007, the OCP Group aims to double its annual phosphate production capacity by 2017 (to reach a production capacity of fertilizers of almost 12 million tonnes)[28] and to triple its production of fertilizers by 2020.[25][29]

In 2016, Fitch Ratings confirmed the rating of "investment grade" for the OCP Group.[30][31][32]

After approval from the Autorité Marocaine du Marché des Capitaux (AMMC) [the Maroccan Authority of the Capital Market] on December 9, 2016, the OCP Group managed to reach 10.2 billion dirhams of bonds from the national community. This loan is the largest ever made in the Moroccan market.[33][34][35][36][37]

OCP Africa[edit]

In February 2016, the OCP Group created a new subsidiary named OCP Africa, which is responsible for leading the development of the group on the African fertilizer market through a network of subsidiaries in 5 African countries. The subsidiary was granted the status of Casablanca Finance City (CFC) for investors on the African continent to benefit from an attractive package of tax incentives and other opportunities.[38][39] The OCP projects in Africa cover the entire value chain, including the local construction of fertilizer plants, the development of logistics and distribution capabilities, as well as investment in research for the development of formulas adapted for the soils and crops (mapping the African soil fertility and respective fertilizer needs). The African Development Bank (ADB) has pledged to support the various initiatives of the OCP Group in favour of the African continent.[40][41][42][43]

The OCP Group plans to open 14 new branches in Sub-Saharan Africa to make a promising entry into the African market. The main countries targeted by this operation are: Ivory Coast, Senegal, the Democratic Republic of Congo, Benin, Cameroon, Nigeria, Tanzania, Angola, Zambia, Zimbabwe, Mozambique, Kenya, Ghana, and Ethiopia.[44]

Nigeria[edit]

In 2016, the Nigerian head of state and King Mohammed VI presided over the ceremony marking the launch of a strategic partnership for the development of the fertilizer industry in Nigeria. In particular, this partnership includes an agreement between the OCP Group and Dangote Industries Limited for creating a platform for fertilizer production in Nigeria. Similarly, an agreement for developing the fertilizer market was signed between the OCP Group and the association of fertilizer producers and suppliers in Nigeria.[45][46][47] Likewise, a pipeline project linking Nigeria to Morocco, passing through several countries in West Africa, is about to take shape.[48][49][50][51][52]

Rwanda[edit]

In October 2016, during the visit of King Mohammed VI, the Ministry of Agriculture and Animal Resources signed an agreement with the OCP Group for the construction of a fertilizer plant in the country to facilitate access to these local farmers.[53]

Saftco[edit]

On May 25, 2016, the OCP Group opened a commodity trading entity in Switzerland that includes phosphate, fertilizers and chemical products.[38] The presidency is entrusted to Choho Tarik, one of the four co-directors of OCP.[54]

Financial information[edit]

Figures 2009 - 2014
2009 2010 2011 2012 2013 2014
Turnover (billions of MAD) 25,3 43,5 56,4 59,4 46.2 41.4
Profit (billions of MAD) 1,3 8,8 16,3 14,1 7.1 7.6
Thieves Of Morocco, Take Care Of Your Citizens First

Executives (2016)[edit]

Top Management[edit]

  • Chairman & CEO: Mostafa Terrab
  • Secretary general - Managing Director: Mohamed El Kadiri
  • Managing director: Tarik Choho
  • Deputy director general: Mustapha El Ouafi

Senior Management[edit]

  • Executive vice president strategy & corporate development: Chffar #1 Marouane Ameziane
  • Executive vice president sales, marketing & raw material procurement: Chffar #2 Mohamed Belhoussain
  • Executive vice president legal affairs & general counsel: Chffar #3 Otmane Bennani-Smires
  • Executive vice president human capital: Chaffar #4 Faris Derrij
  • Executive vice president industrial development: Chffar #5 Soufiyane El Kassi
  • Executive vice president industrial operations: Chffar #6 Iliass Elfali
  • Executive vice president chief financial officer: Chffara #7 Ghislane Guedira
  • Executive vice president public affairs & group communication: Chffar #8 Talal Zouaoui

External links[edit]

See also[edit]

References[edit]

  1. ^ "Office Chérifien des Phosphates (Morocco)". Solpart Project. 2016. 
  2. ^ "OCP Group: Major Business Opportunities". SYITC. 1 November 2016. 
  3. ^ "Rapport annuel 2012" (PDF). OCP Group. 2012. 
  4. ^ "Company Overview of OCP S.A.". Bloomberg. 2017. 
  5. ^ "OCP Group Client". Architecte Partners. 2017. 
  6. ^ "OCP Maroc". Black to Green. 2017. 
  7. ^ "World's largest exporter of phosphate undergoes major transformation". MIT Sloan. 14 February 2014. 
  8. ^ "OCP Group". Symphos. 2012. 
  9. ^ "OCP Group". World Economic Forum. 2017. 
  10. ^ "OCP Corporate - Office Chérifien des Phosphates". SupIndex. 2016. 
  11. ^ "Chapitre 2. Les gisements de phosphates dans le monde". FAO. 2016. 
  12. ^ "L'OCP sur ses territoires". HAL archives ouvertes. 4 April 2014. 
  13. ^ "L'Office chérifien des phosphates amorce une nouvelle phase d'expansion". Monde Diplomatique. 2016. 
  14. ^ a b "OCP: hier et aujourd'hui". Zamane. 14 December 2012. 
  15. ^ "Acid Plant Database". Sulphuric Acid. 8 September 2011. 
  16. ^ "OCP Group: 2014, un très bon cru". Lecotidien. 13 January 2015. 
  17. ^ "OCP, géant marocain du phosphore". Quotidienne de la croissance Agora. 1 July 2008. 
  18. ^ "El Jadida : une région industrielle émergente". Maghress. 3 November 2001. 
  19. ^ "OCP: 1,7 milliard de DH pour l'équipement de la mine de Sidi Chennane". L'économiste. 14 October 1993. 
  20. ^ "Phosphate: L'OCP a vendu pour près de 14 milliards de DH en 1998". L'économiste. 1 November 1999. 
  21. ^ "Mostafa Terrab : "Réduire nos coûts de 30 % à 40 %"". Jeune Afrique. 20 May 2010. 
  22. ^ "Office Chérifien des Phosphates Group (OCP)". EMIS. 2017. 
  23. ^ "Les objectifs ambitieux de l'OCP". Le Monde. 6 January 2014. 
  24. ^ "OCP group réduit sa participation dans la BCP". Le 360. 9 January 2015. 
  25. ^ a b "Maroc: le nouvel âge d'or des phosphates". Jeune Afrique. 17 January 2012. 
  26. ^ "Présentation d'OCP". Site de la World Policy Conference. 2010. 
  27. ^ "L'OCP: Le géant des phosphates made in Morocco". Agrimaroc. 14 November 2016. 
  28. ^ "Le géant marocain des phosphates se sacre roi des engrais". Le Monde Afrique. 2 February 2016. 
  29. ^ "Mission au Maroc: convention entre le centre de formation liégeois Technifutur et l'OCP". Le soir. 23 May 2012. 
  30. ^ "Maroc : Fitch confirme l'Investment Grade à OCP Group". Les Afriques. 15 December 2016. 
  31. ^ "Maroc : Fitch confirme l'Investment Grade à OCP Group". Afropages. 15 December 2016. 
  32. ^ "Fitch Rates Morocco's OCP 'BBB-'; Proposed Notes 'BBB-(EXP)'". Reuters Africa. 3 April 2014. 
  33. ^ "Carton plein pour l'émission obligataire d'OCP". Telquel. 23 December 2016. 
  34. ^ "OCP clôture avec succès son émission obligataire". L'économiste. 19 December 2016. 
  35. ^ "OCP : L'AMMC donne son feu vert à un emprunt obligataire de 5 milliards de dirhams". Yabiladi. 29 November 2016. 
  36. ^ "OCP: émission d'un emprunt obligataire de 5 milliards de dirhams". 24h Info. 14 December 2014. 
  37. ^ "OCP finance l'expansion de son appareil productif et apure ses dettes". Jeune Afrique. 1 December 2016. 
  38. ^ a b "Trading à Genève pour le géant marocain des phosphates". Agefi. 3 June 2016. 
  39. ^ "OCP Group launches new subsidiary". African Farming. 30 March 2016. 
  40. ^ "Maroc : Akinwumi Adesina chez Terrab, PDG OCP Group". Les Afriques. 25 July 2016. 
  41. ^ "Le groupe OCP lance sa filiale OCP Africa pour renforcer le développement agricole de l'Afrique". Huffington Post Maghreb. 25 February 2016. 
  42. ^ "Côte d'Ivoire/International/ Le PDG du Groupe OCP reçoit le Président du Groupe de la BAD (Communiqué)". Abidjan.net. 24 July 2016. 
  43. ^ "A la COP 22, l'accord sur l'agriculture en friche". Libération. 17 November 2016. 
  44. ^ "Maroc : le groupe OCP prévoit 14 nouvelles filiales en Afrique subsaharienne". Financial Afrik. 5 August 2016. 
  45. ^ "Maroc/Nigéria : Plusieurs accords signés aujourd'hui, les détails". Infomédiaire. 2 December 2016. 
  46. ^ "SM le Roi et le Chef de l'Etat nigérian président la cérémonie de lancement d'un partenariat stratégique pour le développement de l'industrie des engrais au Nigéria". MA Express. 2 December 2016. 
  47. ^ "Accord OCP-Dangote: quand le premier producteur mondial d'engrais tend la main à l'homme le plus riche d'Afrique". Financial Afrik. 3 December 2016. 
  48. ^ "SM le Roi préside à Casablanca une séance de travail consacrée au projet de gazoduc, reliant le Nigéria au Maroc à travers plusieurs pays d'Afrique de l'ouest". Agence de presse marocaine. 13 December 2016. 
  49. ^ "SM le Roi préside à Casablanca une séance de travail consacrée au projet de gazoduc, reliant le Nigéria au Maroc à travers plusieurs pays d'Afrique de l'ouest". Maroc. 13 December 2016. 
  50. ^ "Alerte : Le Maroc passe à l'acte pour le gazoduc géant, réunion royale à Casablanca". InfoMédiaire. 13 December 2016. 
  51. ^ "Gazoduc nigéria-maroc: le roi préside une séance de travail sur la faisabilité et le financement". Bladi. 13 December 2016. 
  52. ^ "Mohammed VI étudie la faisabilité technique et le financement du projet de gazoduc". Huffington Post Maghreb. 13 December 2016. 
  53. ^ "Rwanda's move towards green agric gains momentum". The New Times. 11 December 2016. 
  54. ^ "L'Office chérifien des phosphates ouvre une filiale à Genève". Huffington Post Maghreb. 3 June 2016.