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Kima cuts natural gas intake by 20%, urea plant continues normal operations

Updated 11/3/2026 1:34:00 PM
Kima cuts natural gas intake by 20%, urea plant continues normal operations

Arab Finance: Egyptian Chemical Industries (Kima) has implemented a directive from its natural gas supplier to reduce gas intake by 20%, effective from noon on November 1, according to a bourse filing.

The EGX-listed firm clarified that its urea plant continues to operate normally, adding that it is currently assessing the impact of the reduced gas supplies and will disclose further updates once the assessment is completed.

Kima incurred net losses after tax of EGP 493.079 million in the first quarter (Q1) of fiscal year (FY) 2026/2027, versus net profits of EGP 482.705 million in Q1 FY 2025/26.

The company produces and distributes various products, including urea, ammonium nitrate, ferrosilicon alloy, liquid ammonium nitrate fertilizer, prilled ammonium nitrate fertilizer, liquid ammonia, aqua-ammonia, nitric acid, hydrochloric acid, and silica fume.

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