HARARE – Agro-chemicals distribution group, Fossil-Agro (Pvt) Limited says it is looking at expanding its operations into the cotton industry this year, as the group targets double digit growth in market share in the next five years.
In an interview with BH24 on the side-lines of a field day held at ART farm, Fossil-Agro Chief Operating Officer Taurai Mudzura said the company`s focus since has been mainly premised on supplying chemicals for the food crops industry hence market penetration was law.
“In the agro-chemicals business we currently occupy a 25 percent market share and we want to grow that, you will find that the reason we are at 25 percent is we mainly focus on the food products that is your maize and soya beans which is where our strength lies,
“We do intend to expand in some of the country`s biggest export crops that is your cotton in particular we are very excited in the opportunities that are there, in our five year plan we are looking at double digit growth every year we are looking at a minimum of 10 percent ideally we would love to be in your 15-20 percent range, it’s a lot of work and drought years don’t help but we will give it a good go,” he said
Fossil-Agro begun operations in 2016 in the country supplying various chemicals in the agriculture value-chain namely herbicides, fungicides, insecticides and nematicides.
It was in awarded a contract by Government in the same year to supply chemicals for the Command Agriculture maize input scheme.