KIMA
gypt Today reviews in this article the stages of the production process in the newly-inaugurated factory, “Kima 2”, using modern technology in manufacturing, at an investment cost of about 12 billion pounds.
The oxygen percentage at the unit decreased on Monday morning, and the wind carried the acid particles towards the inhabited city of Aswan, causing cases of choking among the civilians.
The project cost LE 11.6 billion, 62 percent of which came from bank funding and the rest was provided by contributors.
Many units are currently working in a pilot and the production of ammonia will start in early May, followed by the production of urea at the end of May.
Madbouli visited a three-phase sewage treatment plant in Kima area in Aswan to inspect the efficiency of its operation.
A wrap-up of the most prominent business news of the day.
KIMA 2 is a facility for fertilizer manufacturing that is being built at a cost of LE 11.6 billion.
KIMA clarified that the total investment of the project is worth LE 11 billion.
The company is negotiating with banks to increase the share of loans in funding the company’s new facility to 62 percent from 51.5 percent.
the benchmark index EGX30 saw the exclusion of four firms and the addition of another four in the periodical review.
Pharos holding concluded that four companies will be excluded after EGX reviewed the stocks listed on EGX30 on the period from February to August on a certain criteria.
The KIMA 2 project for fertilizer manufacturing will be finished by November 2018.
Most Read
