22 Hrs
Source:
اليوم السابع
_1777352142843_145525226.png&w=64&q=75){kind=small}
Kema CEO Highlights Factory Development and Profits
Engineer Sameh Talaat, CEO of Chemical Industries Company (Kima), revealed that government support and new investments have prevented the layoffs of thousands of workers. The company was able to bolster its exports, which exceeded one billion dollars after the development of Kima 2 Factory, thereby contributing to the Egyptian economy. Founded in 1956 and based in Aswan, the company is one of the largest producers of fertilizers in Egypt and the Middle East, manufacturing urea, ammonia, and nitric acid. It has planned investments of 7.3 billion Egyptian pounds in the upcoming fiscal year to reactivate factories, develop export operations, and achieve increased profits, with an expected net profit of 1.5 billion pounds. Additionally, the company supplies subsidized fertilizers to support farmers and plans to produce surplus for export, focusing on leveraging Egypt’s logistical resources and sustainable energy. This approach strengthens its position as a strategic industrial power within the country.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)