The Clap
Helwan Fertilizers Company, one of the companies set to be offered to the private sector, is planning to establish a melamine (an additive to fertilizers) production project, with investments of 200 million euros.
What
The company received offers from Europe & Turkey to export all of the production from the project to them, with the project expected to be completed in two & a half years.
So What
The company exports 50% of its production to several European countries, India, & Brazil, meaning that a significant portion of the company’s revenues are denominated in foreign currency.
Now What
The company’s CEO said Helwan Fertilizers has big investment plans, but it is waiting for economic conditions to improve.
