Industry News

Zuari Agro Chemicals to merge its three subsidiaries

 India. Zuari Agro Chemicals, a fertilizer conglomerate in India announced to absorb its three 100% owned subsidiaries in order to form a single entity with the objective to simply group structure and achieve concerted effort for the operations. In addition, the merger would reduce the operational cost, overheads, administrative and other related expenditures. The single entity would be formed with merger of subsidiaries engaged in agri-support business, that is, Zuari Fertilizers and Chemicals Ltd (ZFCL), Zuari Rotem Speciality Fertilizers Ltd (ZRSFL) and Zuari Agri Sciences Ltd (ZASL).

TechSci Research depicts that the merger in agro-fertilizer business would further strengthen Zuari Agro Chemical’s market position in the India agri-fertilizers and water soluble fertilizers industry with high specialization in speciality fertilizers.

According to the recent report published by TechSci Research, “India Fertilizers Market Forecast & Opportunities, 2019", Zuari Agro Chemicals is one of the prominent players in the market operational via its subsidiary, Zuari Rotem Specialty Fertilizers Ltd. The market is expected to deliver considerable growth over 2015-19 with growing demand for ornamental, field and horticulture crops in addition to increasing deployment of advanced irrigation systems by Indian farmers.