TSXV:AAA.P - Post by User
Comment by
akltoon Jul 22, 2011 8:56am
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Post# 18860309
RE: RE: RE: India + Ethiopia
RE: RE: RE: India + EthiopiaHello Karmanow, I am sure that Dr. Awasti, Managing Director & CEO of the Indian Farmers Fertiliser Co-operative Limited (IFFCO) will be well informed about Allana by now. They are allready investing in the Agri-sector in Africa. By the way, IFFCO signed lately
a potash offtake-agreement (see link below) with Growmax Agri Corps, after making a 20% - strategic investment in the company. IFFCO is the world’s largest manufacturer and marketer of fertilizer in the cooperative sector and is India’s largest fertilizer enterprise, with over 50 million farmers associated with it. IFFCO is primarily engaged in production and distribution of nitrogenous and phosphatic fertilizers. IFFCO has five state-of-the-art fertilizer plants in India with a domestic annual production capacity of 4.3 million tonnes of phosphatic fertilizer and 4.2 million tonnes of nitrogenous fertilizers. Prior to this investment in GrowMax, IFFCO has made strategic investments in other countries such as Australia, Oman, Senegal and Jordan. More details about IFFCO are available on its website
www.iffco.nic.in h
ttp://www.growmaxagricorp.com/upload/news_release/12/01/growmax-press-release-growmax-signs-offtake-agreement-with-iffco-june-23-2011.pdf Growmax Agri Corp
is a subsidiary of Americas Petrogas Inc. (symbol "BOE" on the TSX Venture Exchange) which owns 80% of the Company. American Petrogas explores oil & gas in the Neuquen Basis in Argentina, in the same region where Allana explores potash. Andres.