GSFC Joint Venture phosphoric acid Production Plant in Tunisia India

Coromandel JV starts phosphoric acid plant in Tunisia

11:30 AM, 15th July 2013
GSFC Business News
Kapil Mehan, Managing Director, Coromandel International Limited.

SECUNDERABAD, INDIA: A phosphoric acid plant of ‘Tunisian Indian Fertilisers (TIFERT)’ has been inaugurated on 12 July 2013 in Tunisia. TIFERT is a joint venture company between India’s leading fertilizer manufacturer - Coromandel International Limited and Gujarat State Fertilisers and Chemicals Ltd (GSFC) and Tunisia’s Groupe Chimique Tunisien (GCT) and Compagnie Des Phosphat De Gafsa (CPG). Coromandel International Limited and GSFC hold 15 per cent share each with balance 70 per cent being held by GCT and CPG. The total cost of the project is estimated to be $498 million.

The plant will consume around 1.4 million tonne of Tunisian phosphate rock per year, producing 360,000 tonne of phosphoric acid annually. It is equipped with the latest technology and meets the international environment efficiency standards. The plant has started production and the first shipment is expected to reach Coromandel’s facility in Kakinada, Andhra Pradesh, India by end of July 2013.

“With two countries coming together to serve their respective countries - as Tunisia will get scarce foreign exchange while monetizing its natural resources where as India will get much needed phosphatic fertilizers to further improve its food security situation. This project will go a long way to ensure smooth functioning of the company’s recently commissioned fertilizer plant (C Train) in Kakinada,” said Kapil Mehan, Managing Director, Coromandel International Limited.

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