OCP Group
The OCP Group (OCP S.A.) (formerly Office Chérifien des Phosphates) is a state-owned phosphate rock miner, phosphoric acid manufacturer and fertilizer producer. Founded in 1920, the company has grown to become the world's largest producer of phosphate and phosphate-based products and it is one of the largest phosphate, fertilizer, Chemicals and Mineral industrial companies in the world by revenue. OCP has access to more than 70% of the world's phosphate rock reserves. Initially a mining company, OCP diversified in 1965 to become a phosphate processor, making it the world's largest fertilizer manufacturer. The company holds a 31% market share of the world phosphate product market. 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. History Origins The OCP Group was founded in Morocco in 1920 as the Office Chérifien des Phosphates following Royal Decree. Mining production began in 1921, when it began extracting phosphate rock at its first mine in Khouribga. Transportation of the phosphate to the port of Casablanca also started in 1921, allowing the first export of phosphate that year. Subsequently, OCP launched other mining sites in Youssoufia in 1931 and in Benguerir in 1976,