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COMPO EXPERT enters strategic partnership with significant Indian fertilizer company Transworld Furtichem
Jul. 16, 2018
COMPO EXPERT
GermanyFollow
Germany• Strong cooperation in technology development, localized production and commercialization for highly efficient and environmentally friendly fertilizers under the brands NovaTec® and Basfoliar®
• COMPO EXPERT gains significantly extended access to fast growing Indian market
• Efficient local production with improved ecological footprint
Thomas H. Ahrens, the CEO of COMPO EXPERT: “This strategic partnership represents another milestone on our determined path to become the leading manufacturer of specialty fertilizer for commercial use worldwide. India is a viable market with strong growth potential for high quality and environmentally friendly fertilizers, and thus ideally fits into our global expansion strategy. I am convinced that the cooperation with Transworld Furtichem will create significant value for both companies and yield tangible benefits for the Indian agriculture industry.”
Transworld Furtichem has a strong position in the Indian fertilizer market and an extensive distribution network that will effectively expand COMPO EXPERT’s local reach. The joint product portfolio of cash crops and high value crops will meet the rising demands of Indian farmers in terms of crop yields and sustainability. Against this background, Transworld Furtichem will ensure local manufacturing by establishing a new production facility in Kandla, India.
Yusuf Dhanani, the President of Transworld Furtichem: “The demand for modern fertilizers among Indian farmers is growing. Our new partnership with COMPO EXPERT gives us the opportunity to utilize their innovative technology and strong production expertise. At the same time, COMPO EXPERT will benefit from our long-standing experience and presence in the Indian market. I am thus looking forward to a fruitful and longstanding partnership.”
COMPO EXPERT, Europe's leading manufacturer of special fertilizers, offers a broad portfolio of high-quality innovative fertilizers for commercial use. Over the past years, the company has significantly expanded its global footprint through targeted expansion and strategic partnerships in Latin and South America as well as in Asia. The new cooperation with Indian Transworld Furtichem encompasses two of the highly efficient and environmentally friendly quality fertilizer products: NovaTec®, a stabilized water-soluble fertilizers brand, and Basfoliar®, a foliar applied biostimulants.
Carsten Geyer, Partner and Head of Europe for XIO Group, the London-headquartered owner of COMPO EXPERT: “The partnership with Transworld Furtichem is an excellent strategic fit for COMPO EXPERT. After entering a strategic cooperation in China last year, this new one in India represents another important lever for accelerated growth and value generation in the Asian region. We are glad that we could support this important next step in the company’s stringent internationalization.”
Joseph Pacini, CEO and Partner of XIO Group added: “COMPO EXPERT has realized a tremendous development over the past years and has become a truly international specialized fertilizer company with leading market positions in Europe, Latin and South America and a growing presence in Asia. It is a blueprint for XIO Group’s strength in investing and successfully growing market-leading and high-performing businesses worldwide.”
Source: COMPO EXPERT
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