JPMC, India's Coromandel Ink Strategic Agreement

(MENAFN- Jordan News Agency)

Aqaba, Sept. 11 (Petra) -- The Jordan Phosphate Mines Company (JPMC) and India's Coromandel International signed a strategic supply agreement on Thursday that will see half a million tonnes of Jordanian phosphate shipped annually to Coromandel's new production facilities, starting in April. The move bolsters Jordan's standing as a key global supplier of high-quality phosphate.
The agreement was signed at the Phosphate Industrial Complex in Aqaba by JPMC CEO Abdul Wahab Al-Rawad and Coromandel CEO Sankara Subramanian, in the presence of JPMC Chairman Muhammad Thnaibat and Coromandel Chairman Arun Alagappan.
Coromandel, one of India's largest agricultural solutions companies and the second-largest phosphate fertilizer producer in the Indian market, is also a major buyer of phosphoric acid produced by the Jordan India Fertilizer Company (JIFCO), a JPMC subsidiary. The Indian firm maintains a strong international presence and partnerships beyond India.
Thneibat described the agreement as a strategic leap forward, reaffirming Jordan's vital role in the international phosphate supply chain. He noted that the partnership reflects years of trust and collaboration with Indian industry leaders and will enhance JPMC's ability to attract global investment and contribute to Jordan's economic growth.
He added that expanding downstream and value-added industries is central to JPMC's 2030 strategy, aimed at boosting product competitiveness, increasing exports, creating high-value jobs, and fostering sustainable industrial development.
The agreement also lays the groundwork for broader strategic cooperation in innovation and advanced manufacturing, as part of JPMC's long-term goal to elevate its global footprint and expand market access.
Alagappan affirmed Coromandel's confidence in Jordan's production capabilities and praised the company's reliability as a supplier. He said the partnership aligns with India's growing demand for phosphate fertilizers and supports bilateral economic ties.
Al-Rawad emphasized that the deal is part of a broader vision to scale up production capacity, improve infrastructure, and position Jordan as a regional hub for phosphate and fertilizer manufacturing.
Subramanian echoed this sentiment, calling the agreement a continuation of a trusted and strategic relationship that will help both companies meet rising market demand and jointly pursue long-term growth.
The Indian delegation toured the Phosphate Industrial Complex and JIFCO facilities, gaining insight into the technological upgrades and expansion plans. They praised JPMC's commitment to efficiency, innovation, and quality, and noted Jordan's growing global stature in the fertilizer sector.
JPMC and Coromandel also play a significant role in setting global quarterly reference prices for phosphoric acid further underscoring their influence in the international market.

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