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Keywords: OCP Group


Morocco's OCP Group: A Resilient Rebound in Revenue, Signaling Strength in the Face of Adversity

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,......

OCP Group's Strategic Move: A Win-Win Scenario for Morocco's Phosphate Industry

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......

Combatting Water Scarcity and Food Insecurity: OCP Secures €100m Loan from IFC

In a move poised to have a significant impact on the lives of millions of people across Africa, Morocco's leading phosphate producer, OCP Group, has secured a €100 million loan from the International Finance Corporation (IFC) to combat water scarcity and food insecurity on the continent. This......

OCP Group's Financial Resilience: Turnover Surges Amid Market Volatility

In a testament to its adaptability and market prowess, OCP Group, a major player in global phosphate production, has reported a remarkable 15% increase in turnover for the first half of 2024. This impressive growth, reaching MAD 43.25 billion ($4.25 billion), comes despite challenging market conditions,......

Morocco's Jorf Lasfar Plant Expands: A Wave of Change in Water Security

In a bold move to combat water scarcity, Morocco's Jorf Lasfar seawater desalination plant is significantly increasing its production capacity. The facility, operated by the OCP Group, is set to play a crucial role in supplying water to El Jadida, Casablanca, and surrounding areas. Initially established......

Safi's Seawater Solution: Innovative Desalination Plant Tackles Water Scarcity

The coastal city of Safi, Morocco, is witnessing a significant transformation in its water management strategy with the launch of a cutting-edge seawater desalination plant. This ambitious project, spearheaded by the OCP Group through its subsidiary OCP Green Water, is set to revolutionize water supply......

Indonesian Fertilizer Firm Eyes Algeria’s Untapped Phosphate Potential

Indonesia’s Leading Fertilizer Company Considers Algerian Phosphate Investments Amid Global Market Competition PT Pupuk Indonesia, a major player in the global fertilizer industry, is exploring investment opportunities in Algeria's phosphate sector, according to recent reports from Algerian......

Historic Mamounia Hotel Changes Hands: A $173 Million Deal

In a landmark transaction, the Moroccan government has sold its shares in the legendary Mamounia Hotel to the state-owned OCP Group for a sum of 1.7 billion dirhams ($173 million). This move signals a significant shift in ownership for Morocco's oldest and most illustrious hotel, celebrated globally......

Empowering Africa's Agricultural Future: Morocco's Multifaceted Approach to Food Security

Morocco has emerged as a pivotal player in addressing the crucial issue of food security across the African continent. Driven by the visionary leadership of King Mohammed VI, the Kingdom's multifaceted approach combines strategic initiatives, innovative partnerships, and a deep commitment to fostering......