Chimi Art Egypt Says to Launch EGP12mn New Plant by 2015
Chimi Art for Chemicals is planning to finalize its new plant for producing Ferric Chloride with EGP12 million investment cost in Sixth of October Industrial Area by the end of 2015.
It is schedule to establish the plant on an area of 8.000 m3, noting that the targeted capacities reach up 24.000 tons annually, Emad El Roody General Manager illustrated.
Chimi Art is currently negotiating with the National Bank of Egypt (NBE) and Housing & Development Bank (HDB) in order to contribute in financing the inception processes of plant, El Roody noted.
The firm eyes exporting some of its new productions which ranging between 18 to 20.000 tons of energy capacities to African countries, stressing that Chimi Arts intends converting the current headquarters of plant to Storage yards of raw materials and the final product.
Meanwhile, Chimi Art Manufacturer of chemicals for water, industrial water, waste water treatment, fuel additives and oil chemicals. Agent of CECA in France in the field of oil refinery, Wistrana in Sweden in the field of chemicals, traders of chemicals (commodities).
