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English news

03-Feb-2016

Abu Qir Fertilizers Company plans to establish an ammonium nitrate plant, expects investment cost at EGP1.7 billion

According to an article on Al Mal News website, Chairman of Abu Qir Fertilizers Company [ABUK.CA] stated that the company is planning to establish a new ammonium nitrate plant at an estimated investment cost of EGP1.7 billion. The article adds that the project is expected to be completed in a period of three years and will utilise the company's excess ammonia production. (Al Mal)

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