Commercial Flash - March 2023
Commercial Flash - March 2023
MARCH 2023
GENERAL
NEW JOINT VENTURE IN SAUDI ARABIA: Prior to the official establishment, our CEO, Philippe
KANOO MANUCHAR Huybrechs, visited Saudi Arabia on March 14th to welcome
Kanoo Manuchar into our group. Our shared vision is to
Manuchar and Kanoo are proud to announce the launch position Kanoo Manuchar as a leading and trusted
of their new joint venture, named Kanoo Manuchar, provider of chemical solutions in the Saudi Arabian
aimed at providing exceptional services and products to chemical industry.
the chemical industry in Saudi Arabia.
Kevin Wttrwulghe, Country Manager Kanoo Manuchar: “We
The joint venture will leverage the combined strengths are excited about Kanoo and Manuchar joining forces. Our
of both companies, bringing together Manuchar’s global joint venture is a clear example of two equal partners
sourcing expertise and Kanoo’s local distribution finding each other, each with decades of experience
network to offer customers a wide range of products and providing high quality supply chain services and chemical
services in industries including animal nutrition, human products to large industrial accounts. With Kanoo’s
nutrition, crop nutrition, and energy. nationwide reach and Manuchar’s global network, we truly
believe in the synergies we are establishing as a new Saudi
Arabian entity supporting the country’s envisioned growth”.
Kevin Wttrwulghe
Country Manager
Kanoo Manuchar
3PL
FABRIC CARE
COMMERCIAL FLASH
MARCH 2023
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HUMAN NUTRITION
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MINING
ANIMAL NUTRITION
FIRST CONTRACTS WON WITH ZIJN MINING IN GUYANA MANUCHAR INVESTS IN THE DEVELOPMENT OF ANIMAL
NUTRITION IN PAKISTAN
It is thus a strategic target for our Mining GBDT at global level.
After several months of prospection, our Caribbean team We approached Zijin both locally and via their HQ in China.
successfully won first contracts of 800 MT of Sodium Manuchar Pakistan has invested in the development of Animal
Metabisulfite and 200 MT of Caustic Soda Pearls with Nutrition in the Punjab province of Pakistan. Following our
We already supply them regularly in Colombia (Continental
Aurora Gold in Guyana. Manuchar 2.0 strategy, we have established a team in the
Gold) and besides Guyana, we also started supplying them in
region to take advantage of the local stock of various raw
Argentina in 2023 (Tres Quebradas lithium mine).
We already supplied this mine in the past with Copper materials that are available close to the end-users.
Sulfate from Russia, but the contract was not renewed Zijin mines are key prospects for us in Surinam, Peru, South
given the constraints to source from this origin. Our initial stocks of essential Amino Acids such as Lysine,
Africa and Democratic Republic of Congo. Zijin China
Methionine, and Choline Chloride have been successfully sold,
Management team will visit our offices in Argentina and
It was hence important for us to diversify our product mix and we are expanding our portfolio to include other important
Colombia during the first semester of 2023. In parallel, our
with more chemicals, which are also generating larger Amino Acids such as Isolucine, Arginine, and Tryptophan, as
Caribbean team will visit them in Guyana and in Surinam during
volumes and turnover (the above representing only 6 well as products like MCP, DCP, and Betaine.
March.
months consumption).
To expand our product portfolio, we hired Dr. Adeel Sajid, a
Besides, Aurora gold mine was acquired by Zijin Mining graduate in veterinary medicine, who joined our team in
in 2020. Zijin Mining is China’s largest mining group and Pakistan in January 2023. Dr. Sajid is based in the Okara
they are growing very fast worldwide, acquiring many warehouse, which is located near Lahore, Punjab’s capital city.
mines in Latin America and in Africa.
This investment in Punjab is a strategic move to leverage the
local stock of raw materials and tap into the growing demand
for poultry feed products in the region. The poultry feed
industry in Pakistan is estimated at 6.4 million tons per year
and has a growth rate of 10-12%.