Egyptian Chemical Industries “KIMA” (EGCH) aims to launch a new environmentally friendly factory in H1-2022.
More Details🧐 KIMA is negotiating with local & foreign banks to finance the construction of the new factory, which is expected to cost $250 million.
Although the project area hasn’t been determined, the construction period is expected to be between 24-30 months, & the design is currently being prepared.
Why is this Important🤔 Plans for the new factory were revealed after KIMA signed an EGP 260 million deal with gas production company “Air Supply Co.”. The deal will see Air Supply build, manage & operate KIMA factories for the production of industrial & medical gases.
