Abu Qir Fertilizers Company (ABUK) [ABUK.CA] will spend EGP85mn to conduct turnaround maintenance activities for Abu Qir 1 plant, which is a part of a three-year plan to renovate equipment and control devices used in the production process. The company also noted that the capacity expansion in Abu Qir 2 plant is still under study. Abu Qir mentioned that it is still conducting feasibility studies for establishing a new product line for mixed fertilisers. On the proposed phosphate fertilisers compound, the company’s BOD has agreed to participate with a maximum of 10% capital in the project. (Company disclosure)