Aqaba: The Jordan Phosphate Mines Company (JPMC) and India’s Coromandel International have inked a strategic supply agreement to ship half a million tonnes of Jordanian phosphate annually to Coromandel’s new production facilities, beginning in April. This agreement strengthens Jordan’s position as a key global supplier of phosphate.
According to Jordan News Agency, the agreement was signed at the Phosphate Industrial Complex in Aqaba by JPMC CEO Abdul Wahab Al-Rawad and Coromandel CEO Sankara Subramanian. JPMC Chairman Muhammad Thnaibat and Coromandel Chairman Arun Alagappan were also present at the signing.
Coromandel, a significant player in the Indian agricultural solutions market and a major buyer of phosphoric acid from the Jordan India Fertilizer Company (JIFCO), a JPMC subsidiary, maintains a robust international presence. The agreement reflects years of trust and collaboration with Indian industry leaders, enhancing JPMC’s ability to attract global investment and contribute to Jordan’s economic growth.
Thneibat emphasized that expanding downstream and value-added industries is central to JPMC’s 2030 strategy. The strategy aims to boost product competitiveness, increase exports, create high-value jobs, and foster sustainable industrial development. The agreement also lays the foundation for broader strategic cooperation in innovation and advanced manufacturing.
Coromandel Chairman Arun Alagappan expressed confidence in Jordan’s production capabilities, aligning with India’s growing demand for phosphate fertilizers. Al-Rawad emphasized that the deal is part of a broader vision to scale up production capacity and position Jordan as a regional hub for phosphate and fertilizer manufacturing.
JPMC and Coromandel are influential in setting global quarterly reference prices for phosphoric acid, underscoring their significance in the international market. The Indian delegation toured the Phosphate Industrial Complex and JIFCO facilities, gaining insights into technological upgrades and expansion plans, while praising JPMC’s commitment to efficiency and quality.