ETG WELCOMES SABIC Agri-Nutrients Co. AS A 49% SHAREHOLDER IN ETG INPUTS HOLDCO LIMITED
Dubai, United Arab Emirates, 24 January 2022 – It was announced today that ETC Group (ETG) and SABIC Agri-Nutrients Company (SABIC AN) concluded an agreement in which SABIC AN will acquire 49% stake in ETG Inputs Holdco Limited (EIHL).
EIHL owns more than 350 distribution centers across Sub Sahara Africa and has become a market leader in distribution and blender of specialized fertilizers and agro chemicals. With its network of agents and agronomists, EIHL positioned itself to cater to commercial and smallholder farmer requirements across the African continent, including the most rural areas where opportunity is scarce.
SABIC Agri-Nutrients Company, a public joint-stock company owned 50.1% by SABIC, is one of the leading global fertilizer producers. Its portfolio includes urea, ammonia, phosphate, and specialized products. The introduction of SABIC AN as 49% Shareholder in EIHL will strengthen ETG’s efforts to further penetrate the Agricultural inputs markets globally, extending beyond Africa.
ETG and SABIC AN have a long-standing commercial relationship that has grown over the years to a partnership of mutual respect and a shared vision.
The conjoint desire to create sustainable impact on farming communities globally is one of the fundamentals of this alliance.
Various factors impact food production across Africa – climate change, population growth, reduction of soil fertility and the lack of infrastructure to distribute inputs to farmers and in turn, connect farmer produce to markets. ETG’s strategic intent is to address multiple obstacles that our farmer communities face daily. The group made substantial investment in blending and manufacturing and have placed smaller distribution centers in proximity to farm gate. Our network of agronomists is committed to aid farmers with the correct application of quality, yield enhancing input products.
The expertise and support that SABIC AN will bring to our Fertilizer division will strengthen our agricultural inputs supply chain and we are enthused to embrace this opportunity to welcome our new partners.
“We are extremely proud to welcome SABIC AN as our partners and look forward to creating a sustainable impact across our markets. We are dedicated to addressing food shortage and provide quality products to increase farmers’ yields and optimizing their earnings. We are delighted to have found a partner that has the same drive and passion to support our Vision,” says Ashish Lakhotia, CEO of EIHL.
“This move will help us expand our footprint taking advantage of growth opportunities to keep up with expected developments and to position the Company as a leading player in the global agri-nutrients industry with the best-in-class capabilities in manufacturing, operation, planning, marketing, sales, supply chain, technology and research, and aftermarket services,” said Abdulrahman Shamsaddin, SABIC Agri-Nutrients Company CEO.
ABOUT ETG
ETG has developed into a global player with a diverse portfolio of expertise across various industries, encompassing agricultural inputs, logistics, merchandising, food processing and supply chain optimization. The group has a global presence in 48 countries across five continents. For more information, please visit www.etgworld.com
ABOUT SABIC Agri-Nutrients
SABIC Agri-Nutrients is a public joint stock company listed on the Saudi Stock Exchange (Tadawul), where SABIC owns 50.1% with the remaining 49.9% being held by the private sector and the public on Tadawul. It is one of the leading global fertilizer producers. SABIC Agri-Nutrients’ portfolio includes urea, ammonia, phosphate and other specialized products.
