Zug, Switzerland, April 20, 2018 – EuroChem Group AG (hereafter “EuroChem” or the “Group”), a leading global fertilizer company, and Hektaş Ticaret T.A.Ş (Hektaş), a leading Turkish crop protection company, have signed an agreement to supply, market and sell premium fertilizers in Turkey.
By combining EuroChem’s expertise and pipeline of high value-added products with Hektaş’s extensive distribution network and customer loyalty programs in Turkey, the two companies will develop opportunities for EuroChem’s current product offering, and expand sales of next-generation fertilizer products across the country. The one-year agreement can be extended upon mutual agreement of the parties.
EuroChem has been active in Turkey for more than 10 years, selling standard and premium fertilizers to farmers growing a wide range of crops. Agriculture accounts for about 25% of Turkey’s workforce and 7% of Gross Domestic Product, according to the World Bank. Turkey is the 7th-largest agricultural producer in the world and a top 10 global producer of fruit, wheat and cotton.
Dmitry Strezhnev, EuroChem’s CEO, commented: “This agreement between EuroChem and Hektaş will provide farmers in Turkey with better access to EuroChem’s high-quality fertilizer products and agricultural solutions. The agreement continues our expansion strategy across Europe.’’
Musa Levent Ortakçıer, Hektaş’s CEO, added: “We are very pleased to be working with an industry leader such as EuroChem. This agreement underlines the strong demand we see for innovative and environmentally friendly crop-enhancing solutions in Turkey. We look forward to our future cooperation.”
About EuroChem Group AG
EuroChem is a leading global fertilizer company producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Zug, Switzerland, the Group operates production facilities in Belgium, China, Kazakhstan, Lithuania, Ukraine and Russia, supporting distribution assets in Europe, the CIS, Asia, and North and South America. EuroChem employs more than 25,000 people globally. For more information, please visit www.eurochemgroup.com
About Hektaş Ticaret T.A.Ş
Hektaş is a part of OYAK Group. OYAK comprises almost 90 companies that are active in the automotive, cement, iron and steel, chemicals, financial services sectors, and employs about 30,000 people. Hektaş, which listed on the Istanbul Stock Exchange in 1986, is a leader in crop protection, fertilizer, seeds and animal health products, with world-class R&D capabilities. Hektaş has three production facilities in Turkey and exports throughout Asia and the Middle East, Northern Cyprus, the CIS and the Balkan states. For more information, please visit www.hektas.com.tr
Marketing Director, Europe and Turkey
Head of Communications
EuroChem Group AG
Head of Corporate Finance and Treasury
EuroChem Group AG
Özge Aksoy Türker