Fact sheet

Foskor quick facts

• Foskor was founded by the IDC in 1951 to produce phosphates for South Africa’s agricultural sector
• The Group's core activities focus on the mining and beneficiation of phosphate rock and subsequent production of phosphoric acid and phosphate-based fertilisers.
• Foskor is the only vertically integrated producer of phosphate rock, phosphoric acid and granular fertiliser in South Africa.
• Foskor is the second South African company with DEKRA Gold (DEKRA is an international safety and quality ratings agency dealing with technology, the environment, training, monitoring and mobility certifications.).
• Foskor is the leading supplier of granular fertilisers, namely diammonium phosphate (DAP) and monoammonium phosphate (MAP), core ingredients in final fertiliser products comprising nitrogen, phosphates and potassium, also known as NPKs in South Africa. The phosphate rock concentrate, a key input in phosphoric acid production, is railed primarily from Phalaborwa to Richards Bay, with the phosphoric acid exported to India, Japan, the Netherlands, Bangladesh and Dubai, and a small quantity sold locally.
• Foskor is correctly positioned to optimise the growth opportunities that a definitive power shift to Asia and the Pacific Region presents.
• Foskor plans to grow its distribution networks through the market diversification strategy and to focus on product diversification through both acquisitive and organic growth to balance the company’s portfolio, steady sales volumes and protect cash flow during economic downturns.
• Foskor remains committed to implementing financial and managerial discipline, while raising output and containing input costs.
• Foskor strengthens its brand through implementing productivity enhancing growth strategies involving addressing underlying structural problems and narrowing the skills gap.

Foskor aspires to:

• Supply sufficient high grade phosphate rock concentrate, merchant grade phosphoric acid and granular fertilisers competitively;
• Increase production capacity and output;
• Manage operational costs, constraints and risks effectively;
• Expand domestic consumer base;
• Raise exports to niche markets;
• Eliminate logistical problems and reduce the associated costs;
• Develop and successfully implement the market and product diversification strategy;
• Achieve world-class safety, health, risk, environment and quality capabilities and attain a zero disabling injury frequency rate;
• Expand the use of environmentally friendly technologies to sustain operational excellence;
• Attract, develop and retain scarce skills; and
• Be a socially responsible corporate citizen.