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Egyptian Financial & Industrial aims to produce granulated fertilizers in 1Q2019


: Egyptian Financial & Industrial (EFIC) declared the causes of profit decline in which, it resulted from increase Sulfur ore, Phosphate and fuel prices as well as raise the financing interest.
The Company said the fertilizer plant in Kafr Elzayat, is closed since 2009 under the governor decision because some of the allegations from civilians that the plant was established without licensing. It has been acquitted by an appealing court verdict because the company has a license for Phosphate fertilizer production.
The Company aims to produce granulated fertilizers in the first quarter of 2019 from its project in Ain Elsokhna, in which the Assuit line that transferred to Ain Elsokhona, has been worked.




Time Added: 2018-11-08 13:54:55
Source: Arab Finance
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