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.
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.
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.
The company’s CEO said Helwan Fertilizers has big investment plans, but it is waiting for economic conditions to improve.
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