{"id":625798,"date":"2018-08-15T04:11:48","date_gmt":"2018-08-15T04:11:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/evergrow-in-talks-with-ida-for-land-to-complete-second-phase-of-potassium-sulfate-plant\/"},"modified":"2018-08-15T04:11:48","modified_gmt":"2018-08-15T04:11:48","slug":"evergrow-in-talks-with-ida-for-land-to-complete-second-phase-of-potassium-sulfate-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/evergrow-in-talks-with-ida-for-land-to-complete-second-phase-of-potassium-sulfate-plant\/","title":{"rendered":"Evergrow in talks with IDA for land to complete second phase of potassium sulfate plant"},"content":{"rendered":"

INVESTMENT WATCH- Evergrow in talks with IDA for land to complete second phase of fertilizer complex: <\/strong>Fertilizers producer Evergrow is in talks with the Industrial Development Authority (IDA) to acquire a 100k sqm land plot in Sadat City to complete the second phase of its fertilizer project, Marketing and Sales Director Mostafa Foad tells Al Mal<\/a>. The first phase of the EUR 7 mn project \u2014 a production line for potassium sulfate products that are used in a wide variety of industries \u2014 is expected to begin operations in January 2019, with work on the second phase scheduled to begin in January 2020. Each phase will produce around 50,000 tonnes a year, of which 75% will be earmarked for exports, with the rest sold locally, according to Foad, who adds that Evergrow recently signed an agreement with a Belgian company to market its products in Europe and Africa. Evergrow had announced last month<\/a> that it was scaling back its investment in a new calcium diphosphate plant to EGP 2 bn, from an original EGP 9.5 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Evergrow in talks with IDA for land to complete second phase of fertilizer complex: Fertilizers producer Evergrow is in talks with the Industrial Development Authority (IDA) to acquire a 100k sqm land plot in Sadat City to complete the second phase of its fertilizer project, Marketing and Sales Director Mostafa Foad tells Al […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625798","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c56ea575-de01-4b87-85f4-231115f2c9bf","order":"0","is_powered_by":true,"section_story_id":"00dab88b-7533-4544-86db-bfcb472df184","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625785],"teaser":"","voice_url":""},"yoast_head":"\nEvergrow in talks with IDA for land to complete second phase of potassium sulfate plant - 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Two unnamed Egyptian and Belgian companies have formed a JV to establish a new EGP 8 bn fertilizer factory, Al Mal reports, citing unnamed sources. 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He tells Al Mal that Evergrow is in talks with a consortium made up of Borealis and\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637134,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/evergrow-to-complete-studies-on-egp-9-5-bn-phosphate-complex-next-month\/","url_meta":{"origin":625798,"position":3},"title":"Evergrow to complete studies on EGP 9.5 bn phosphate complex next month","author":"enterpriseam admin","date":"8 November 2017","format":false,"excerpt":"Fertilizer producer Evergrow expects to complete the technical studies on its planned EGP 9.5 bn phosphate production complex and meet with the project\u2019s foreign investors to determine their ownership stakes next month, the company\u2019s Commercial Director Emad Nabil said, Al Borsa reports. 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