It also stressed that it is an excellent opportunity for the company to take part in a world-class innovation ecosystem and build a network of referents and experts in the booming Chinese agriculture and fertilizer industries.
Executive Vice President, Industrial Operations, OCP Group, Iliass El Fali, said: “As a part of our Open Innovation Initiative, we rely on an innovative ecosystem through the expertise of the best leaders in our areas of interest in order to build up co-development partnerships.
“Forbon is a world leader in the coating for fertilizers and new products for smart agriculture.
This partnership will allow us to combine OCP and Forbon expertise to develop new products and improve our offer in fertilizers. It is also an opportunity to access the very dynamic ecosystem that the Chinese innovation represents”.
Chief Executive Officer, Forbon, Wang Renzong in his remarks said: “OCP is pursuing significant ambitions in the agricultural area and we believe that the company will achieve its goals in the near future. Forbon has a strong expertise in smart agriculture, traditional and new generation of fertilizers, so We believe in close collaboration between the two companies.
OCP Group and Forbon are also willing to invest their efforts in smart agriculture of which through the use of digitalisation technology (new software and precision equipments) make it possible to optimise fertilizer consumption to apply the right nutrients, at the right rate, at the right time and in the right place, improve water management, and significantly reduce the industry’s ecological footprint.