Finance: Delta Company for Fertilizers and Chemical Industries, affiliated with the Chemical Industries Holding Company (CICH), has signed a cooperation agreement with the German ThyssenKrupp Group to rehabilitate and operate the former’s urea and ammonia factories, according to a statement by the Ministry of Public Business Sector.
Under the agreement, the factories, which were shut down for years, are set to see an increase in their production capacity to a maximum of 1,400 tons per day.
The agreement also stipulates raising the efficiency of other production units, including external and central utilities.