Kima Company announced that it is negotiating with a banking alliance to finance part of the investment cost of the nitric acid and ammonium nitrate project.

The company explained regarding what is being circulated under the title "Kima agrees with 6 banks on two loans in pounds and dollars", that the investment cost of the project amounts to 313 million dollars and 8 billion pounds.

Kima had contracted with the German company Bilfinger Tebodin as the management contractor for the nitric acid and ammonium nitrate project and to represent Kima Company during the project implementation stages.