On Tuesday, the German industrial group Thyssenkrupp entered into a cooperation agreement aimed at the rehabilitation, re-operation, and expansion of two urea and ammonia plants in Egypt, as announced by the Egyptian Cabinet in a statement.
According to the terms of the agreement, Thyssenkrupp will undertake the rehabilitation of Delta Company for Fertilizers and Chemical Industries, which is a part of Egypt’s state-owned Holding Company for Chemical Industries. The collaboration also involves the re-operation of the plants and increasing their capacity to a maximum of 1,400 tons per day for both urea and ammonia. The agreement was officially signed by Ashraf El Tahan, the managing director of Delta Company for Fertilizers and Chemical Industries, and Thomas Kufahl, the CEO of tkIS Egypt. The signing ceremony took place in the presence of Egyptian Public Enterprise Minister Mahmoud Esmat.
