The Chemical Industries Holding Company (CIHC) is looking into setting up a new USD 500 mn fertilizers plant in Suez through a joint venture with an unnamed private company, Deputy Chairman Walid El Rasheed told Youm7. No further details were provided. We had previously noted that CIHC had been considering two offers, including one from Tocaico International Company, to build two Suez fertilizer factories worth a combined USD 1.3 bn.

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