Casablanca , November 25th, 2011 –
Moroccan phosphate group OCP and Toros Tarim, a subsidiary of the Turkish group Tekfen, signed, on Friday, an agreement to set up a joint-venture called Black Sea Fertilizer trading Compagny (BSFT Co).
Under the agreement, OCP will hold 70% of the joint-venture and Toros 30%, the OCP group said in a statement.
The fertilizer trading entity, to cover the markets of the Black Sea, Balkans and Central Asia, will enable the two partners to meet the ever growing demand for fertilizers in these regions.
