Arab Finance: A company announced Verkim Egypt for fertilizers and chemicals -(FERC)Its intention is to establish a phosphoric acid factory in Upper Egypt, and added that financial, investment and economic studies are being prepared for the project, according to it. Its statement The sender to the Egyptian Stock Exchange.
She explained that her decision came after the completion of the merger of Abu Zabal Fertilizers Company and Chemicals, and Aswan Fertilizers and Chemical Industries in Fabrchim Egypt.
Verkim Egypt Fertilizer and Chemicals Company was established in 2001 with a capital of 35.1 million pounds as a leading Egyptian joint stock company in the mixed fertilizer industry. Phosphate fertilizers and melting fertilizers were added to help support and develop fertilizer and agriculture industry in Egypt.
The company's factories and administration are located in Sadat City in Menoufia Governorate on an area of ​​(33,000) m2 and its board of directors is chaired by Eng. Abdel Salam Al -Jabali. Verkim Egypt is one of the first agricultural companies restricted to the Egyptian Stock Exchange (Nile Stock Exchange). The company seeks to increase its production capacity to meet the increasing demand for its products.
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