With
a vision to acquire self-sufficiency in fertilizer production,
Asmidal Fertilizer Company was created in September 1984
from the restructuring process of the oil Company Sonatrach
Group. In December 1996, It became a Society by Shares (SPA)
and its shares capital stands at 2,3 billions AD, wholly
owned by the state
With
its production potential, Asmidal is acting as the leader
within the local market, satisfying most of the agriculture
needs and ranking as one of the most dynamic exporting Algerian
companies with a wide-range quality of fertilizers.. The
group holds capabilities, know-how and experience, which
allow him to become a potential partner for any future joint-ventures.
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As
the result of operational and financial strategies, the
Company has continued to make excellent progress over the
year 2002, despite the very difficult and aggressive environment.
The total revenues for the year 2002 stood about 11,3 billion
AD (140 Mio USD for a total output production of 1,2 Mio
metric tons) which represent a 4% growth in comparison to
2001. The total amount of exports was around 61 Mio USD
with a net cash flow of 2 billion AD ( 25 Mio USD).
Asmidal
achieved in 2002 an all time record production, reaching
100% of the planned objectives, by making a considerable
effort of investing 26 Mio USD, and will continue its focus
on increasing efficiency in capacity utilization in 2003.
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Asmidal is looking
for potential partners with whom to achieve the revamping
of the existing production plants and to implement new plants
in partnership. This will allow the company to respond to
the continuously growing nitrogen demand and will guarantee
its existence and its perennial activity.
In order to get developed and consolidate
its rank locally and regionally, ASMIDAL, is seeking partners
which can bring:
•
Technology
• Know- how
• Financial assets
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