CAMEROON – Yara International Cameroon, a global leader in plant nutrition, will now operate as HYDROCHEM Cameroon after NJS Group finally acquired 100% of its stake from Yara International ASA.
The NJS Group thus becomes the sole shareholder of the company Yara Cameroon and unveils its new identity, HYDROCHEM Cameroon, the name under which the company will now operate.
According to NJS Group, this complete takeover of the company paves the way for ambitious plans to expand its activities.
The transaction has been approved by the relevant authorities.
Yara Cameroon makes a significant contribution to the country’s agricultural productivity by importing and distributing its own NPK compounds and calcium nitrate fertilizers, ensuring high yields and high quality for food and export crops.
To consolidate their collaboration, Yara International ASA and the NJS Group have entered into an exclusive distribution agreement for the high-end NPK fertilizers YaraMila and YaraLiva Nitrabor Calcium Nitrate.
With this agreement, the NJS group and its subsidiary HYDROCHEM guarantee Cameroonian farmers and agricultural retailers the supply of these key products. Yara International ASA will provide technical and operational support to the NJS Group.
The acquisition made by the NJS group reflects the group’s desire to broaden its offering for the agricultural sector, currently focused on the controlled development of livestock farming.
Strongly focused on agriculture, the NJS Group, has been renowned for over forty years for its implementation of sustainable agricultural practices supported by significant investments and efficient management operations.
With its extensive presence, which covers not only Cameroon but also neighboring countries in the CEMAC zone, the NJS Group is well-placed to support food security, growth, and innovation in this key sector.
The NJS Group, in accordance with its policy of excellence, reaffirms its ambition to promote best agricultural practices in order to increase crop productivity in Cameroon.
Like what the group has achieved in its historical activities in recent years, an investment program will be implemented in the production of fertilizers in order to benefit fully from the growth potential of the market.
“We are delighted with this important operation concretizing a long-term partnership and would particularly like to express our thanks to the employees of Yara Cameroun as well as to the customers who have supported Yara Cameroun for many years,” the NJS group commented.
The company also thanked the Yara International ASA for finalizing the transaction.
Recently, Yara International left Ivory Coast in what the company termed as to align with its 2030 Africa Food Systems Transformation strategy