Fertilizer
The group aims to export its production to the Middle East, Africa, and Europe in addition to India.
Two of Egypt’s largest fertilizer companies - State-owned Misr Fertilizers Production Company (MOPCO) and Abu Qir Fertilizers and Chemicals Industries Company (ABUK) - recently suspended production due to natural gas (natgas) shortages
It helps secure about 50 percent of food production worldwide, Gamae said as she inaugurated the 27th international annual forum of the Arab Fertilizer Association (AFA) via video conference.
Head of Agricultural Services and Follow-up Department at the Ministry of Agriculture and Land Reclamation Abbas El Shenawy explained to Egypt Today the status quo.
Egypt’s exports of chemicals and fertilizers increased by 22.2 percent in January and February 2018, recording $748 million.
Egypt’s exports increased seven percent year-on-year in January 2018 to reach $2.15 billion, compared to $2.01 billion in the same month in 2017.
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.
The KIMA 2 project for fertilizer manufacturing will be finished by November 2018.
