South East European Fertilizer Co. (SEEFCO), a Romanian fertilizer distribution joint venture between Morocco’s OCP SA and the UAE’s Al Dahra Agriculture LLC, has launched its first fertilizer products on the Romanian market, according to a Morocco World News report on Jan. 13. News of OCP’s plans for the joint-venture first emerged back in January 2020 (GM Jan 24, 2020).
The joint-venture firm will help increase the availability of “high-quality” Moroccan fertilizers to boost Romanian output, according to the report, citing OCP. The venture comes amid supply chain issues that concern farmers, consumers, and food producers across Europe.
As part of OCP’s vision to expand activities in Romania, the joint-venture seeks to enable the Moroccan group to use the southeastern European country as a hub to expand its activities in Central and Eastern Europe.
OCP and Al Dahra each own a 50 percent stake in SEEFCO, which was set up with an initial capital of $5 million.