WORLDKINGS - Worldkings News - Africa Records Institute (AFRI) – OCP Group: World’s largest exporter of phosphoric acid

21-06-2020

(Worldkings.org) OCP Group is the world’s largest exporter of phosphoric acid, with a 49% market share.

The OCP Group (OCP S.A.) (formerly Office Chérifien des Phosphates) is a Moroccan based phosphate rock miner, phosphoric acid manufacturer and phosphate fertilizer producer. 

Founded in 1920, the company has grown into one of the world’s largest producers of phosphate and phosphate-based products. 

OCP has access to more than 70% of the world’s phosphate rock reserves. Initially a mining company, OCP has diversified in 1965 to become a phosphate processor, making it one of the world’s leading fertilizer manufacturers. The company holds a 31% market share of the world phosphate product market. 

OCP Group also maintained its position as the world’s largest exporter of phosphoric acid with a 49% market share.

The corporation’s phosphoric acid exports stood at 1.5 million tons at the end of the third quarter of 2019, compared to 1.37 million tons during the same period in 2018. The number represents a 2% yearly increase.

The group employs nearly 23,000 people in Morocco and a number of international subsidiaries. In 2018, its revenues amounted to US$5.884 billion. 

According to en.wikipedia

 


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