Egypt’s Chemical Holding studies four offers to upgrade affiliates

Egypt’s state-run Chemical Industries Holding Company (CIHC) is studying four international offers to develop its affiliates within the coming period, its chairman Emad Eldin Moustafa announced on Tuesday.

“There are around 17 affiliated firms operating in 10 industrial fields,” Moustafa said, adding that CIHC’s strategy focuses on completing the development of the affiliates within the three next years.

CIHC is looking to start developing its two affiliates Delta for Fertilizers and Chemical Industries and El-Nasr for fertilizers and chemical industries next July, he added.