Experimental operations start at KIMA 2

CAIRO – 4 February 2018: Experimental operation of several units at state-owned Egyptian Chemical Industries’ KIMA 2 project in Aswan commenced with the gradual completion of the remaining units.

“The ammonia production units will start operating in February, followed by the operation of urea units and the official opening of the plant in March,” Deputy Chairman of Chemical Industries Holding Company Waleed el-Rashidy said.

Rashidy added that the plant cost more than LE 11 billion, and that it is one of the largest industrial projects established under the rule of President Abdel Fatah al-Sisi.

He pointed out that Kima is one of the major factories producing ammonia, where about 1200 tons of ammonia as well as 1575 tons of urea are produced by the plant.

In April, Rashidy announced that around 85 percent of state-owned Egyptian Chemical Industries’ KIMA 2 project has been finished.

85% of KIMA 2 project achieved: Chemical Holding

CAIRO - 11 April 2018: Around 85 percent of state-owned Egyptian Chemical Industries' KIMA 2 project has been finished, according to Deputy Chairman of Chemical Industries Holding Company Waleed el-Rashidy. Rashidy said that KIMA 2 is expected to be finished by the end of 2018, with a cost of LE 11.6 billion.

KIMA 2 is a facility for fertilizer manufacturing that is being built at the existing site of the company's Aswan fertilizer complex at a cost of LE 11.6 billion.

Production from the facility is expected to reach 1,200 tons of ammonia and 1,600 tons of urea per day.

The Egyptian Chemical Industries, known as KIMA, is affiliated to the Chemical Industries Holding Company, producing nitrogenous fertilizers and chemicals, including hydrogen and ammonia.

KIMA has been listed on the Egyptian Exchange since August 1995 and operates within the materials sector, focusing on diversified chemicals.

It has two subsidiaries in Egypt working on agricultural products and diversified chemicals. KIMA is based in Aswan and was established in January 1956.

Additional Reporting: Abdel Halim Salem