IFFCO Canada

Company

IFFCO Canada Enterprise Ltd (the developer) plans to operate a nitrogen fertilizer production plant to meet the needs of Québec farmers, as well as market demands elsewhere in Canada and abroad.

IFFCO Canada is a Canadian company set up July 2012 on the initiative of the Indian Farmers Fertiliser Cooperative Limited (IFFCO*), one of the largest agricultural cooperatives in the world. The company was founded in anticipation of the construction of a fertilizer plant at Bécancour Port and Industrial Park.

Headquartered in Montréal, IFFCO Canada opened a regional office in Bécancour in March 2013 to oversee the setup of the new production facility.

IFFCO Canada comprises four partners whose expertise and financial support are essential to bringing the project to completion.

*IFFCO is represented by Kisan International Trading FZE (KIT),
a wholly owned subsidiary responsible for joint ventures and trading.

Shareholders

IFFCO

Founded in India as a multistate cooperative society in 1967, IFFCO is India’s largest fertilizer manufacturer and distributor, and a key global player in the urea market. The company comprises more than 40 000 cooperatives serving some 50 million members. A fertilizer industry leader, IFFCO is the majority shareholder of the project at Bécancour.

La Coop fédérée

Founded in 1922, La Coop fédérée ranks as one of the 100 largest cooperatives and mutual organizations in the world. As the leading agri-food company in Québec, La Coop fédérée is the province’s premier supplier of seed, fertilizer and crop production products. La Coop fédérée intends to distribute a portion of the urea produced at the future plant via the organization’s extensive network in Québec, Canada and several US states.

Investissement Québec

The mission of this public corporation is to contribute to economic development in Québec, by generating investment and nurturing employment in regions across the province. Investissement Québec became a partner in December 2012 with a view to providing support and helping to make the project a reality.

Pacific Gateway Energy

A Canadian investment company founded in 2011, Pacific Gateway Energy was tasked with identifying business opportunities on behalf of IFFCO, and indeed helped identify and evaluate potential North American project sites conducive to the setup of a fertilizer facility.

tableau3

Announced intention of partnership between IFFCO Canada, La Coop fédérée, Investissement Québec on the fertilizer plant project – October 2012
From left to right: Luc Carignan, Director America and Asia, Investissement Québec; Manish Gupta, CEO, IFFCO Canada; Yves-François Blanchet, Minister of Développement durable, de l’Environnement, de la Faune et des Parcs; Dr. US Awasthi, Chairman and Managing Director, IFFCO; Claude Lafleur, Chief Executive Officer, La Coop fédérée; Luke Forget, Second Vice-President La Coop fédérée; Henri Boudreau, Chairman of the Société portuaire et industrielle du parc industriel de Bécancour; Gaétane Désilets, Mayor of Bécancour

Expertise

IFFCO Canada relies not only on IFFCO’s 50-year expertise in fertilizer production, marketing and distribution, but also on a management team, with demonstrated experience in industrial project development and setup. The organization boasts renowned, undeniable technological know-how. Additionally, the business model, which incorporates a mix of cooperation and responsible management, makes IFFCO a unique player in the global fertilizer industry. The company has earned a number of awards of excellence for performance in terms of energy efficiency, as well as for health and safety and environmental protection programs implemented at urea production plants in India and other countries.

La Coop fédéree, active in Québec for close to a century, brings extensive knowledge of the province’s agricultural landscape and boasts a broad well established expertise in the distribution of agricultural products, fertilizers in particular, across a vast network of members and partners.