annual - gct · 2017-01-13 · gct annual report 2014 6 groupe chimique tunisien (gct) is a proudly...

ANNUAL

2014REPORT

G C T7, rue du Royaume d'Arabie Saoudite1002 Tunis Belvédère - TUNISIETél : 00 216 71 784 488 - Fax : 00 216 71 783 495E-mail : [email protected] - Web site : www.gct.com.tn

G C T

CONTENTS

Welcome

P4

P5/12

P13/18

P19/22

2GCT Annual Report 2014

CONTENTS

WEL

COM

E

P23/34 P47/52

P53/55

P35/41

P42/46P56/64

GCT Annual Report 20143

WEL

COM

EGCT is the leading phosphate fertilizers company in Tunisia. We are building a minerals based industry in Tunisia to add value to the phosphate, mineral resources by producing a large panel fertilizer products in order to promote Agriculture and ensure sustainability of the sector.

The foundation of all our activities and our main task now and for future generations, is to improve the daily lives of the GCT workers and habitants of the areas where the GCT operates.

Our strategic choices, generates stronger and more ambitious innovations, resulting in outstanding achievements and challenges us to make a difference in areas such as the environment and social responsibility.

We attach importance, as our corporate responsibility is integral to our mission. We are fully aware that a company like ours should be a driving force in the world.

We are driving force when we create products and services that improve the lives, when we innovate and act responsibly, ethically and making sure to reduce our environmental footprint, when we create new projects to make our products more affordable, when we create jobs, to offer the community in which we live a better place to live and work.

In other words, we are driving force when we recognize that our responsibility is to improve the lives of communities in every aspect of our business and our operations. This is precisely how we see sustainable development at GCT.

Our mission is to help develop mining into the third pillar of industrialization in the country, in the process, GCT is helping build industrial cities, create jobs and enable communities to prosper.

As we continue to assess growth and diversification opportunities, we are committed to deliver that promise by upholding our values and adopting best practices across everything we do.


About This Report

8

This report illustrates the activity of the «Groupe Chimique Tunisien» during 2014. The review of net income during the year shows that this sector has been deeply influenced essentially by the amount of phosphate delivered by the«Compagnie des Phosphates de Gafsa»

Despite these issues that have profoundly influenced

the economic situation of GCT, three fundamental aspects

characterize however, general and strategic policy GCT:

• Environment:

GCT considers the preservation of the environment as a priority and a source of

value creation.

• Social:

Societal responsibilities of the GCT result of a desire for total integration of the concepts of sustainable

development, which incorporate the three pillars environmental, social, and economic. In practical terms

GCT maintains a permanant and constructive dialogue with its employees through social and cultural projects taking

place at different sites of GCT.

• Scientific research:

This aspect is the mainstay of industrial development. The GCT maintains a policy oriented towards applied research to solving

problems directly related to the activities of GCT.


About GCT

WHO WE ARE

OURHISTORY

OURPRODUCTS

OUR VISION


Groupe Chimique Tunisien (GCT) is a proudly Tunisian producer and exporter of phosphoric acid and fertilizers derivatives. It ranks among the most important Tunisian companies and the most important phosphate industry companies in the world. GCT is internationally respected for competing vigorously in world markets built on the profitable and responsible beneficiation of

phosphates for the sustained benefitof all stakeholders

WHO WE ARE

It processes about 6.5 million tons of Tunisian phosphate rock each year, into Merchant Grade Phosphoric acid (MGA), Di-Ammonium Phosphate (DAP) and Triple Super Phosphate (TSP) and also feed phosphate product,

Di-Calcium Phosphate (DCP).

Moreover, GCT produces Agricultural Grade Ammonium Nitrate and Porous Ammonium

Nitrate mainly for the local

market. GCT has 4 production sites located in southern Tunisia (Gabes, Sfax, Skhira and Mdhilla)

and employs 6946 people at the end of 2014.

The GCT‘s mission is defined as follows:Create high added value from Tunisian rock phosphate mined ;

Export phosphoric acid and solid fertilizers worldwide ; Create jobs and improve social life.


3

RAPPORT ANNUEL

GCT origin goes back as far as 1947 when a state-owned chemical company (SIAPE) was incorporated and started production of Triple Super Phosphate (TSP) in 1952 at Sfax, providing added value to the Tunisian phosphate rock mined by “Compagnie des Phosphates de Gafsa” (CPG), which ranked fifth largest phosphate rock producer in the world.

More than Sixty years of expertise

in phosphate industry :

OURHISTORY

ANNUALREPORT

1947 : Incorporation of SIAPE

1952 : Launching of TSP plant (Sfax)

1962 : Incorporation of ICM

1971 : Launching of ICM plant (Gabes)

1976 : Launching of EG plant (Gabes)

1975 : Incorporation of SAEPA

1979 : Launching of SAEPA plant (Gabes)

1981 : Incorporation of ICG

1985 : Launching of ICG plant (Mdhilla)

1985 : Incorporation of EG

1988 : Merger by absorption of ICM, EG and ICG

by SIAPE

1989 : Launching of the first phosphoric acid

and super phosphoric acid (Skhira).

1992 : Merger by absorption SAEPA by SIAPE.

1994 : SIAPE becomes GCT

Overseas expansion, equity stakes in:

1985 : SACF (China)

2003 : CIL (ex GFCL) (India)

2006 : TIFERT (Tunisian Indian Fertilizers) (Tunisia)


During the 1970’s and 1980’s, the Tunisian state pursued investment in additional production units: in 1972, a new plant under the name of ICM I started production of Merchant Grade Phosphoric acid (MGA) in Gabes.

Gabes industrial platform is currently the largest manufacturing facility of GCT. The expansion in Gabes and elsewhere has been as follows:

MGA: Four additional plants began production: ICM II in 1974, SAEPA in 1979, ICM IIl in 1982 and SIAPE II (Skhira) in 1988.

Di-Ammonium Phosphate (DAP): A first plant began production in 1979 SAEPA I, followed by a second one (Engrais de Gabes) in 1985.

Agricultural grade Ammonium Nitrate: SAEPA Il began production in 1983.

Mdhila developped the industrial platform in 1985 to produce :

Triple Super Phosphate

A new industrial site was created in Skhira to to produce :

Merchant grade Phosphoric acid 54% P2

O5 and super phosphoric acid 72%

P2 O

5

The consolidation of Tunisian phosphate industry took place through:

The merger by absorption of ICM, EG,ICG by SIAPE in 1988.

The merger of SIAPE and SAEPA to form Groupe Chimique Tunisien (GCT) in 1992.

GCT business also expanded overseas to high-growth countries: China SACF (1985) and India CIL (2003) where GCT invested in order to consolidate its market position. In 2006, a Phosacid joint venture was incorporated under the name of Tunisian Indian Fertilizers (TIFERT), which the objective is to build a phosphoric acid plant in Skhira near to the GCT existing plant.

GCT is also investing in a new TSP project in Tunisia with a capacity of 500 000 MT/Y expected to be in operation in 2018.

3

RAPPORT ANNUEL

OURHISTORY

ANNUALREPORT


P.13

PHOSPHORICACID

TRIPLE SUPER PHOSPHATE

(TSP)

CHEMICAL ANALYSIS CHEMICAL ANALYSIS

Designation Element Concentration

Pentoxide P P2O5 52-56%

Calcium Oxide CaO 0,5% max

Sulfuric Acid H2SO4 2,5% max

Iron Oxide Fe2O3 1% max

Aluminium Oxide Al2O3 0,5% max

Magnesium Oxide MgO 0,9-1,4%

Fluorine F 0,25-0,4%

Carbon C 0,04% max

Specific Gravity g/cm3 1,7


Pentoxide P P2O5 (T) 47% minWater

P2O5 (SE+C) 46% minCitrate-SolubleWater Soluble P2O5 (SE) 43% minMoisture H2O 4% maxFree Acid P2O5 4% maxScreen Analysis :

94% min% by weight 1-5 mm

About GCT

OURPRODUCTS


OUR PRODUCTS

P.13

DI-CALCIUM PHOSPHATE

(DCP)

DI-AMMONIUMPHOSPHATE

(DAP)



Phosphorus P 17,5% minCalcium Ca 22% minFluorine F 0,2% maxMoisture H2O 3% maxLead Pb 10 ppm maxArsenic As 5 ppm maxCadmium Cd 10 ppm maxMercury Hg 0,1ppm maxInsoluble

HCl 0,9% maxHydrogen ChlorideSoluble Citrate 98% minScreen Analysis :

90% min% by weight 1 mm


Total Nitrogen N 18% minPentoxide P P2O5 (T) 46% minWater

P2O5 (SE+C) 46% minCitrate-SolubleWater Soluble P2O5 (SE) 43% minMoisture H2O 1,7% maxScreen Analysis :


About GCT


OUR PRODUCTS

P.13

MONO-AMMONIUM PHOSPHATE

(MAP)

AMMONIUM NITRATE (AN)



Total Nitrogen N 11% minPentoxide P P2O5 (T) 52% minWater P2O5 (SE+C) 52% minCitrate-SolubleWater Soluble P2O5 (SE) 49% minMoisture H2O 1,7% maxScreen Analysis :



Total Nitrogen NT 33,5% minAmmonia N NAm 16,75% min NNitric Nitrogen NNit 16,75% minMoisture H2O 0,3% maxScreen Analysis :


P.13

About GCT


About This Report

8

OUR VISION

As its vision, GCT aims to transform in the coming years, 11 million tons of rock phosphate. The increase in this capacity should be reached by implementing new J.V plants with either phosphoric acid or fertilizer end-users and/or with feed stock suppliers

(CPG for rock phosphate and other companies for sulfur and ammonium). GCT vision remains oriented to the fertilizers industry and market.

GCT is internationally respected for competing vigorously in world markets built on the profitable and responsible beneficiation of phosphates for the sustained benefit of all stakeholders.

MANAGEMENT’SANALYSIS

OURSTRATEGY

OURGOALS

CORPORATEGOVERNANCE

ORGANISATIONSTRUCTURE


Management’s Analysis

In 2060, around ten billion people will live on this planet. This population growth is associated with enormous global challenges but we also see many opportunities, especially for the fertilizer industry.

In order to meet the pressing needs of the future population, through the development technology GCT improved different varieties and kind of fertilizers from phosphoric acid and ammonia :

DAP is the most common and popular fertilizer

TSP is an phosphate with only one fertilizing element : Phosphorus

MAP is the binary fertilizer with two fertilizing elements : Nitrogen and Phosphorus

AN is an ammonium nitrate with two types of Nitrogen : ammoniacal and nitric

In the other hand, our fertilizers can be enriched with macro and micro nutrients : (S, Mg, Ca, B, Zn, Mn...) in order to enhance the level land fertilizers elements associated to the good proportion of micronutrients according to the soil requirements.

GCT strategy combines economic success, social responsibility and environmental protection. Sustainability is becoming as a key factor for growth and value creation.

We act in accordance with for strategic principles :

We add value to our clients by conversations and share an idea with them

We innovate to make our customers more successful

We drive sustainable solutions

We take responsibility for own personal development,

We have to keep up-to-date and we have to invest in our capabilities.

OURSTRATEGY


Management’s Analysis

To achieve manufacturing excellence, the cost optimization, the quality assurance, the environmental compliance and the human capital are the backbone of the industrial development. The growth of the company depends heavily on the success of the following main operations :

Increasing productivity while reducing costs and saving the environment ;

Supporting development while preserving financial equilibrium ;

Ensure the best quality for our products;

Contribute to improved regional economic development ;

Reduce specific consumption of energy use in our products ;

Ensure strict compliance with environmental requirements ;

Adopting the best technologies in the processing plants.

OUR GOALS

Phosphate rock is mined at Gafsa mining basin, before being railed to the Acid Plant in Gabes, Skhira, Sfax and Mdhilla for use as a raw material in the production of phosphoric acid.

GCT combines Economic success, Social responsibility andEnvironmental protection.


GCT is managed under the supervision of the Board of Directors and the Ministry of Industry, within the framework set by laws governing the public companies.

GCT’S share capital is entirely owend by the Tunisian Goverment.

GCT’s Corporate Governance articulates around the main following structures: Board of Directors Executive Committee Special Committees Auditing Committee

BOARD OF DIRECTORS

The GCT Board of Directors is composed of eleven members appointed by the Tunisian Government. Board members are:

GCT Chairman and Managing Director.

Prime Ministry representative.

Two representatives of Ministry of Industry.

Ministry of Finance representative.

Ministry of Social Affairs representative.

Ministry of Environment and Sustainable Development representative.

Ministry of Development and International Cooperation representative.

Tunisian Central Bank representative.

«Compagnie des Phosphates de Gafsa» representative.

State controller.

CORPORATEGOVERNANCE


EXECUTIVE COMMITTEEThe Executive Committee is in charge of elaborating the company strategies prior to their submission to the Board of Directors.

It is headed by the Chairman and Managing Director and includes the Senior managers, key executive staff and plant managers.

SPECIAL COMMITTEES The Board of Directors has created four committees:

Sales Committee (Marketing Strategy).

Raw Materials Purchasing Committee

Procurement Committee (equipments, spare parts, services)

Chartering Committee.

AUDITING COMMITTEEThe Internal Audit Department was set by GCT since 1988 and was directly attached to the Staff Management since July 2007.

His mission is to provide the Permanent Audit Committee and the Management with adequate safeguards in respect to efficacy and efficiency of risk management, control and governance systems.

Internal audits are performed in accordance with professional standards under the scheme of an annual audit program certified by the Permanent Audit Committee.

The Permanent Audit Committee has been appointed by the Board in 2006 and was assigned with the task of an ensuring:

The establishment by GCT of effective internal control systems.

The protection of company assets.

The eccurecy of the financial information.

The respect of the legal provisions and formalities.

Concerning the External audit, GCT is subject to dual control by two external auditors.

CORPORATEGOVERNANCE


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191 BAUX VERTS SIGNÉS POUR L’ILO, ROSE PARK ET CORESI REPRÉSENTANT PLUS DE 65%DU TOTAL DES BAUX DES 3 PROJETS.

GALERIES EN 2013

PROGRESSION DU CA COMMERÇANTS EN FRANCE : -1% À PÉRIMÈTRE COMPARABLECO-CONSTRUCTION AVEC PLUS DE 250 ENSEIGNES LORS DES JOURNÉES DE TRAVAIL

PARTICIPATIONS AU MAPIC, AU SIECET À RETAIL CONNECTIONS

IMMOCHAN FRANCE , RECONNU « BAILLEUR PRÉFÉRÉ DES ENSEIGNES »

173 GALERIES ÉQUIPÉES D’UN SYSTÈME DE COMPTAGE AUTOMATIQUE


Phosphate and Fertilizers in the World

FERTILIZERSMARKETREVIEW

WORLDFERTILIZERSPRODUCTION &CONSUMPTION


GALERIES EN 2013






A fertilizer is a substance applied to soil to enhance its ability to produce plentiful, healthy plants. Nitrogen, phosphorus, and potassium are the three most important nutrients for crop growth.

Fertilizers are increasingly important to improve crop yields needed to feed a growing world population. The United Nations estimates that the world population will reach 7.7 billion by 2020.

The main drive for the manufacture of more fertilizers is the population growth. Although demand for food will increase as population increases. For this reason, the use of fertilizers is one way to increase food supplies.

World Processed Phosphates Production

The world fertilizers and phosphates market in 2014 was characterized by the following :

Global processed phosphates production expanded 1% over 2013 to 30.6 Mt P

2O

5.

Production increased on all products.

MAP production in 2014 was stable, remaining at 11.9 Mt P

2O

5.

DAP production increased by 1.3 Mt P2O

5

compared to 2013, to 15.9 Mt P2O

5.

TSP production increased by 12% over 2013 to 2.5 Mt P

2O

5.

Processed Phosphates Deliveries were 30.6 Mt P

2O

5. The Processed Phosphates Global Trade

was 12.8 Mt P2O

5.

Fertilizersmarket review

Phosphates and Fertilizers in the World

World processed phosphates production


GALERIES EN 2013







WORLD FERTILIZERSPRODUCTION & CONSUMPTION

Phosphate Ore (Deposit)

Phosphate Acid(intermediate Feedstock)

SSP TSP DAP/MAP

Phosphate Rock (PhosRokc)(Concentrate)

Phosphate Rock Converted into Fertilizer

World processed Phosphoric Acid & Fertilizers production

(Million tons P2O

5)

2013 2014 Variation 2014/2013 %

MGA 42.5 43.3 1.9

DAP 15.7 15.9 1.3

MAP 11.9 11.9 0

TSP 2.5 2.8 12

IFA 2014

DAP/MAP53%

NPK21%

SSP13%

TSP6%

Other7%

Phosphate Fertilizer Products


GALERIES EN 2013






WORLD FERTILIZERSPRODUCTION & CONSUMPTION

2014 WORLD FERTILIZERS CONSUMPTION BY NUTRIENT

Fertilizer consumption measures the quantity of plant nutrients used per unit of arable land. Fertilizer products cover nitrogenous, potash and phosphate fertilizers (including ground phosphate rock).

World consumption of fertilizers for the main nutrients (N, P2O

5, K

2O)

has increased by 1% in 2014 to reach a total of 183.9 million tons of nutrients.

2014 WORLD FERTILIZER CONSUMPTION


Nutrient Mt Nutrients % Share (2014)

2013 2014

Nitrogen N 111.3 111.5 60.6

Phosphorus P2O

5 41.8 41.1 22.4

Potassium K2O 29.7 31.3 17

Total 182.2 183.9 100.0

On global basis, 2014 world Potash Fertilizers consumption increased by 5.4%. World Nitrogen Fertilizers Consumption was 111.5 Mt. As for phosphate, world consumption decreased by 1.7%.

China28.6%

India16.4%

USA11.7%

Brazil6.2%

Other37.1%

Global fertilizer consumption forecast to grow by 45% between 2005 and 2030

Global Fertilizer Consumption


GALERIES EN 2013






Phosphates and Fertilizes in the World

COMPANYPROFILE

PHOSPHATESMINING SITES

PROCESSINGPLANTS

GCTPRODUCTION

GCT SALES

QUALITY MANAGEMENT

Ilo - France

RAPPORT D’ACTIVITÉ ET DE DÉVELOPPEMENT DURABLE 0924GCT Annual Report 2014

It is about a 130 years ago since CPG started the exploitation of phosphate deposits in Tunisia. Currently, the mining operation is principally based around the deposits in the Gafsa basin located in the south of the country, north of Chott el jerid. Today, CPG works ten surface mines in 5 phosphate fields, all situated in the same Eocene geological level.

For many years, CPG has been investing methods of reducing production costs while increasing capacity. This has been generally achieved by developing opencast mines to replace underground capacity. Opencast mining methods were recognized as being cheaper to operate. All Tunisian phosphate rock mines are now opencast. The move to open cast mining has brought significant savings in labor costs and increased productivity. Over the last 10-year period, CPG has seen its merchant rock output rise from 6 million metric tons in the late 1980’s to more then 8 million tons in 2007.

Tunisian phosphate concentrates range in two main categories based upon the content of P

2O

5, the

merchant-grade 65-68% BPL grade mostly used for chemical process, and the merchant-grade 60-62% BPL grade, well suited for direct application. CPG supplies around 80% of its phosphate production to the GCT plants for local processing and the balance is railed to Sfax for export. GAFSA is marketed in more than 20 countries throughout the world either for processing or direct application.

PHOSPHATES MINING SITES

Ilo - France


BIZERTE

NABEULBENAROUS

ARIANA

ZAGHOUAN

SILIANA

SOUSSE

MONASTIR

MAHDIAKASSERINE

SIDI BOUZID SFAX

SKHIRA

GAFSA

TOZEUR

REDEYEF

KEBILI MEDENINE

DJERBAGABES

LE KEF

BEJAJENDOUBA

PHOSPHATE MINING SITES

PROCESSING PLANTS

PORTS

GCT H EAD OFFICE

ALGERIA

LIBYATUNISIA

MOULARES

TUNIS

M

EDI TERR

AN

EA

N SE

A

MANOUBA

KAIROUAN

M'DHILLAMETLAOUI

TATAOUINE

PHOSPHATE DEPOSITS IN TUNISIA ARE LOCATED IN THE MINING AREA OF GAFSA GOVERNORATE WHILE PRODUCTION UNITS EXIST IN GABES, SFAX, M’DHILLA AND SKHIRA

Ilo - France


GCT has four industrial clusters located at:

Sfax :

M’dhilla:

Skhira:

Gabes:

TSP Plant

TSP Plant

Phosphoric Acid Plant

Phosphoric Acid Plant

Dicalcium Phosphate Plant

Mono and Diammonium-

Phosphate Plant

Ammonium Nitrate Plant

Tunisia is a leading country, worldwide, as far as natural phosphate and mineral fertilizers are concerned. Compagnie des Phosphates de Gafsa (CPG) has been active in mining for more than a century. The activity of ore benefeciation and production of various mineral fertilizers is more than half a century old. CPG operates seven open cast quarries and one underground mine. Annual production of merchant phosphate in 2007 reached 8 millions, placing Tunisia the fifth in the world for phosphate production. After having been exporting all its phosphate rock production during the first fifty years of its activity, Tunisia entered successfully into phosphoric acid and mineral fertilizers production and developed this new activity so that Tunisia is now processing more than 80% of its phosphate production

PROCESSINGPLANTS

Company Prof i le

Ilo - France


Company Prof i le

Phosphate rock after extraction and enrichment will be transported by rail to various sites of production of phosphoric acid and fertilizers located in Sfax, Skhira, Gabes and M’Dhilla for use as a raw material in the phosphoric acid plants.

The processing applied to produce phosphoric acid in the GCT plants is the Di-Hydrate process or SIAPE process developed in Tunisia in the first Phosphoric Acid unit since 1952.

GCT imports sulphur from Canada and the Middle East to produce sulphuric acid, a raw material which is also used in the production of phosphoric acid.

GCT is one of the largest suppliers of phosphoric acid to India, the world’s largest market for the product.

GCTPRODUCTION

phosphoric acid to India, the world’s largest

GROUPE CHIMIQUE TUNISIEN

Ilo - France


GCT manufactures coated and uncoated various types of granular fertilizers such as diammonium phosphates (DAP) ammonium nitrates and monoammonium phosphates (MAP). Also, GCT is able to produce many kinds of granular fertilizers enriched by micronutrients elements requested by our customers such as Zn, Bore, etc..

GCT is internationally respected for competing vigorously in world markets built on the profitable and responsible beneficiation of phosphoric acid and fertilizers derivates for the sustained benefit of all stakeholders.

PHOSPHATES PROCESSING

To produce merchant grade phosphoric acid, phosphate fertilizers and Di-calcium phosphate, GCT processed 3.6 million tons of Tunisian phosphate rock in 2014.

2013 2014 Variation 2014/2013 %

MGA 760 641 (15.7)

DAP 681 562 (17.5)

MAP 145 28 (80.6)

TSP 510 467 (8.4)

DCP 46 61 32.6

AN 131 158 20.7

ANP 9 12 34.1

PRODUCTION(1000 tons )

GCTPRODUCTION

Company Prof i le

Ilo - France


GCTPRODUCTION

GCT’S PRODUCT MIXMERCHANT GRADE PHOSPHORIC ACID (MGA)

GCT phosphoric acid production totaled approximately 627,000 tons during 2014. The following tables show the production of each of our phosphate processing plants in Tunisia.

MGA ANNUAL PRODUCTION

PHOSPHATE-BASED FERTILIZERS DAP/MAP/TSP

DAP ANNUAL PRODUCTION

MAP ANNUAL PRODUCTION

GCT has three production units for MGA ( 38.2 % of 2014 total sales ).

GCT produces 560 thousand tons of DAP at 2 production units ( 30.6 % of 2014 total sales ).

GCT produces 28 thousand tons of MAP ( 3 % of 2014 total sales ).

2013 production 2014 production Variation 2014/2013 (%)

Gabes phosphoric acid unit 366 334 (8.9)Gabes DAP unit 215 174 (16.3)Skhira phosphoric acid unit 165 120 (19.0)TOTAL 746 627 (15.9)


Gabes DAP units 681 560 (17.8)


Gabes MAP units 143 28 (80.3)

(1000 tons P2O5)

(1000 tons P2O5)

(1000 tons P2O5)

Company Prof i le

Ilo - France


TSP ANNUAL PRODUCTION

PHOSPHATE FEED PRODUCT DI-CALCIUM PHOSPHATE (DCP)

DCP ANNUAL PRODUCTION

FERTIZER GRADE AMMONIUM NITRATE (AN) & POROUS AMMONIUM NITRATE (PAN)

AN & ANP ANNUAL PRODUCTION

GCT produces 489 thousand tons of TSP at 2 production units ( 22.1% of 2014 total sales ).

GCT unit produced 61 thousand tons of DCP in 2014 ( 3.4 % of 2014 total sales ).

GCT produces 158 thousand tons of AN and 12 thousand tons of PAN at Gabes unit ( 4.2 % of 2014 total sales ).


Mdhilla 327 319 (2.4)Sfax 188 170 (9.9)TOTAL 515 489 (5.1)


Gabes 46 61 31.4


Gabes AN 131 158 20.7Gabes PAN 9 12 34.1

(1000 tons P2O5)

(1000 tons P2O5)

(1000 tons P2O5)

GCTPRODUCTION

Company Prof i le

Ilo - France


GCT SALESGroupe Chimique Tunisien (GCT) is among worldwide leading producers and exporters of phosphate derivatives. It processes about 6.5 million tons of Tunisian phosphate rock each year, into Merchant Grade Acid (MGA), Di-Ammonium phosphate (DAP), Mono-Ammonium Phosphate (MAP), Triple Super Phosphate (TSP) and Di-Calcium Phosphate (DCP).

Moreover, GCT produces Agricultural Grade Ammonium Nitrate and Porous Ammonium Nitrate mainly for the local market.

In the year 2014, about 74% of GCT production has been exported to 21 countries all over the world.

TOTAL SALES

In 2014, GCT realised 74% of its total sales in the export market, the rest 26% has been realised in the local market. More than half of GCT total sales have been realised in its traditional market: Europe is the first destination with 37% of total sales, followed by Far East Asia with 31% of total sales, Near, Middle East and Africa with 26% of total sales, and America & Oceania with 6% of Total Sales.

2013 2014 Variation 2014/2013 (%)

MGA 311.3 355.1 14.1

DAP 326.9 284.3 (13)

MAP 74.6 13.9 (81.4)

TSP 193.2 205.1 6.2

DCP 21.6 31.8 47.2

Other (AN, PAN) 29.7 39.3 32.3

TOTAL 958 929 (3)

Company Prof i le

Ilo - France


2013 2014 % Variation

US$ % of total US$ % of total 2014/2013

Million sales Million sales

Far East Asia 152.1 15.9 210.2 22.6 38.2

Near, Middle East & Africa 196 20.5 176.6 19 (9.9)

Europe 310.9 32.5 254.4 27.4 (18.2)

America & Oceania 141.2 14.7 45.5 4.9 (67.8)

Local Market 157 16.4 242.6 26.1 54.5

TOTAL 958 100 929 100 (3)

SALES DISTRIBUTION

GCT SALES

Company Prof i le

annual - gct · 2017-01-13 · gct annual report 2014 6 groupe chimique tunisien (gct) is a proudly...

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