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Morocco's OCP eyes expansion abroad  Join our daily free Newsletter

MENAFN - 18/10/2010

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(MENAFN) Morocco's Office Cherifien des Phosphates (OCP), the world's biggest phosphates exporter, is eyeing possible acquisitions of fertilizer producers abroad, Reuters reported.

The company also expects turnover this year to exceed 3 billion, or about double the figure for last year, and is preparing to raise capital through bond issues on the local and international markets, said Chief Executive Mostafa Terrab.

He said the company was looking carefully at merger and acquisition moves in the international fertiliser industry that could affect companies with which OCP has relationships, and may step in with offers of its own.

OCP has embarked on an 8.81 billion investment program to roughly double its production capacity by 2020.

 






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