Chemical Holding receives 3 offers to establish 2 plants with $1.3bln investments

Chemical Industries Holding Co. has received three offers from  international firms to establish two new plants to produce urea ammonium and Nitric acid with investments worth $1.3 billion, according to knowledgeable sources.

The sources told Amwal Al Ghad that these offers include one received recently from Tocaico International that will be carried out in partnership with El Nasr For Fertilizers & Chemicals Industries.

This project will be established in Suez governorate on a piece of land owned by with El Nasr For Fertilizers & Chemicals Industries a subsidiary of Chemical Industries Holding Co.

Chemical Industries Holding won’t accept the offers before receiving the detailed feasibility studies.

Chemical Industries Holding Company, a holding company, through its subsidiaries, manufactures chemicals.

It offers nitrogenous fertilizers, paper, essential chemicals, cigarettes and matches, trading of various products, products for transportation requirements, electric lamps, and industrial and edible salt; tires, rubber, and leather; and cement, mining, and cement products.