04 March 2013 08:11 [Source: ICIS news]
SINGAPORE (ICIS)--Qatar Chemical and Petrochemical Marketing and Distribution Co (Muntajat) said on Monday it has taken over the marketing, sales and distribution activities of Qatar Fertiliser Co (QAFCO).
Under the agreement, Muntajat will market urea, ammonia, melamine and urea formaldehyde condensate (UFC-85) produced by QAFCO, Qatar Melamine Co (QMC) and Gulf Formaldehyde Co (GFC), it said in a statement.
The migration of the marketing, sales and distribution activities for QAFCO’s entire product range to Muntajat was completed on 1 March this year.
Muntajat said it is already processing new orders for urea and ammonia products.
“Muntajat’s marketing of QAFCO’s products will have a material effect on the fertiliser industry by creating efficiencies in sales and distribution channels,” said Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry and chairman of the board of directors of Muntajat.
QMC is a joint venture between QAFCO and Qatar Holding, while GFC is a joint venture between United Development Co, QAFCO, Qatar Industrial Manufacturing Co and Amwal.
QAFCO’s new urea plant, QAFCO-6, came on line in December last year, boosting the company’s overall production of the material to 5.6m tonnes/year.
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