Kima to commence trial operations on new facility starting June

Egyptian chemicals company Kima announced its intention to run trial operations in its new manufacturing facility “Kima 2” between June and August of this year, with expected revenues of EGP 24.7 mn for the prescribed operational testing period, according to Al Mal.The total project cost was EGP 11.6 bn, with 62% of the financing coming from a consortium of six banks.