JPMC ranks 82 among Mideast most profitable firms

Jordan Phosphate Mines Company  JPMC
(File photo: Jordan News)
AMMAN Jordan Phosphate Mines Company (JPMC) Board Chairman Mohammad Al-Thneibat said Monday that a set of measures taken by the company were largely behind a “qualitative leap” in its production, sales and profits, which exceeded JD600 million by the end of the third quarter, the Jordan News Agency, Petra, reported.اضافة اعلان

He spoke in a meeting with members of the General Trade Union For Workers In Mines and Mining, in the presence of the JPMC CEO and board members, and the president of the General Federation of Jordanian Trade Unions.

Thanks to the achievements and results it continued to make, the company ranked 82 among the largest, most profitable and valuable companies in the Middle East, as its market value doubled to $4.5 billion, Thneibat told the meeting.

He said that improving work and performance, increasing production, controlling spending, moving to manufacturing industries, and finding new markets and partnerships are top of the company’s management’s interests and priorities.

Thneibat attributed the achievements to the cooperation, dedication and team spirit and responsibility of workers in the field, along with measures, including tight spending, cutting mining costs and raising production.

He also outlined the company’s contributions in the southern region within the social responsibility framework, including support of municipalities, schools and universities, clubs, charities, youth centers, civil defense, and establishing health centers in Sheydiyeh and the industrial estate in Aqaba.

JPMC CEO Abdul Wahab Rawad outlined the company’s current and future projects, including setting up new factories in cooperation with partners from Jordan and abroad.

He said the JPMC is carrying out projects and strategic plans towards more results, through concluding deals with new partners and investors to increase its market share, and using world-class methods to improve and diversify production.

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