KIMA exports up by 130% by end of May since the start of FY 2016-17

The Egyptian Chemical Industries (KIMA) announced its exports increased by 130% by the end of May, compared with 1 July last year. KIMA’s revenues doubled, reaching EGP 562 mn driven by the surge in exports. Net profit recorded EGP 262 mn by end of May, the company said. KIMA also announced that 55% of its new ammonia and urea production plant is completed and that the project will be ready in November 2018.