JCIF has acquired a significant minority stake in Sinokrot Poultry Farms, one of the largest vertically integrated poultry farms in Jordan. The investment primarily aims to diversify Sinokrot’s operations and boost its export sales by establishing a new feed additives manufacturing facility producing monocalcium phosphate (MCP) and dicalcium phosphate (DCP) in Aqaba, in partnership with Jordan Phosphate Mines Company (JPMC).
Significance of Transaction:
The investment in Sinokrot represents a pivotal step towards supporting the resilience of the Jordanian poultry industry. It also aims to promote agriculture and food security by enhancing the competitiveness of a stable and naturally growing sector. Alongside expanding current operations and capacity, Sinokrot’s partnership with JPMC aims to diversify the company’s product offering and access new markets and distribution networks, consequently supporting its long-term competitiveness in addition to empowering local communities by creating more than 70 new job opportunities.
