The Board of Directors of the Egyptian Chemical Industries Company - Kima, approved the offer submitted by the Italian company, Technomont, to implement the nitric acid and ammonium nitrate project, with a production capacity of 600 tons / day of acid and 665 tons / day of ammonium nitrate (fertilizer - pure for industrial purposes).

The company explained that the total value of the project is 297 million dollars (1.6 billion pounds and 245 million dollars) on a turnkey basis, provided that the assignment order is issued during the current week.