Coromandel International and Ma’aden Strengthen Partnership for Phosphatic Fertilizers
Mumbai: Coromandel International Limited, India’s leading agri-solutions provider, and Ma’aden, one of the world’s largest producers of phosphate fertilizers, have signed a Memorandum of Understanding (MoU) to further strengthen their longstanding partnership. The agreement ensures a long-term supply of Di-Ammonium Phosphate (DAP) and NP/NPK fertilizers.
The partnership between Coromandel International and Ma’aden is a strategic move to ensure a reliable and sustainable supply of essential fertilizers to support Indian agriculture. Over the years, Coromandel and Ma’aden have fostered a long-standing partnership, with Ma’aden playing a vital role as a trusted supplier of ammonia to Coromandel. This new agreement marks a significant milestone in expanding this collaboration.
Narayanan Vellayan, Director – Strategic Sourcing, Coromandel International Limited, highlighted the importance of this agreement, stating, “In recent times, DAP availability in India has been impacted due to global supply disruptions. This strategic partnership with Ma’aden is a natural extension of our longstanding relationship and will help Coromandel ensure timely availability of DAP and complex fertilizers to the Indian farming community.”
Saud Al Tamimi, Director – Fertiliser Sales Commercial, Phosphate Business Unit, Ma’aden, reaffirmed Ma’aden’s commitment to India, saying, “Ma’aden has been the largest supplier of phosphate fertilizers to India for over a decade. We are expanding our production capacity from 6 million tonnes to 9 million tonnes in the near term, reinforcing our commitment to serve the growing needs of India’s agriculture sector.”
The partnership aims to expand beyond phosphates and raw materials, focusing on collaborative efforts in R&D, innovation, and speciality products to advance sustainable farming practices. Both companies are committed to strengthening their strategic partnership and contributing to the food security of India. The signing ceremony was attended by senior officials from both Coromandel International and Ma’aden, reinforcing the strong commitment of both companies to their partnership.
