Germany’s ThyssenKrupp agreed to help Abu Qir Fertilizers develop two production units for a total cost of EUR 133 mn, CEO and Managing Director Thore Lohmann said, according to Al Borsa. The contracts are in the final stages and work is set to begin early next year. Lohmann said that ThyssenKrupp expects to sign development contracts with other fertilizer producers by 1Q2018.

Tags: