{"id":653670,"date":"2024-10-21T00:00:00","date_gmt":"2024-10-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/polands-feerum-allegedly-pulls-out-of-grain-silo-factory\/"},"modified":"2024-10-21T00:00:00","modified_gmt":"2024-10-21T00:00:00","slug":"polands-feerum-allegedly-pulls-out-of-grain-silo-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/polands-feerum-allegedly-pulls-out-of-grain-silo-factory\/","title":{"rendered":"Poland\u2019s Feerum allegedly pulls out of grain silo factory"},"content":{"rendered":"

It looks like Port Said\u2019s EGP 1.6 bn grain silo factory has lost its foreign partner: <\/strong>The Egyptian arm of Polish grain silo company <\/a>Feerum<\/a> has reportedly pulled out of an agreement<\/a> to set up a factory to manufacture grain silos with with Egyptian construction and engineering firm Samcrete and the state-owned Egyptian Holding Company for Silos and Storage, an unnamed Feerum Egypt official told Al<\/a>M<\/a>al<\/a>.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The why: <\/strong>The company official pointed to the Supply Ministry canceling an order for a silo \u2014 which hampered the negotiations with local banks over financing \u2014 among other undisclosed reasons.<\/p>\n

Feerum was the project\u2019s main shareholder: <\/strong>Feerum holds a 50% stake in the project, Samcrete a 26% share and the Egyptian Holding Company for Silos and Storage a 24% share.<\/p>\n

Remember: <\/strong>For years, the state has been working to boost its wheat storage capacity, building more silos and taking out loans<\/a> to invest in silo development, all with the aim of ensuring none of our local harvest goes to waste due to lack of sufficient silo capacity and increasing wheat reserves. The Supply Ministry has a plan to increase the country\u2019s silo capacity to 5.3 mn tons from its current 2.1 mn tons and cut down on the percentage of wheat that is wasted in the harvest and storage process.<\/p>\n

** We did a deep dive into the government's efforts to build more silos to reduce wheat <\/strong>waste <\/strong>in a Going Green earlier this year. Check out the story here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

It looks like Port Said\u2019s EGP 1.6 bn grain silo factory has lost its foreign partner: The Egyptian arm of Polish grain silo company Feerum has reportedly pulled out of an agreement to set up a factory to manufacture grain silos with with Egyptian construction and engineering firm Samcrete and the state-owned Egyptian Holding Company […]<\/p>\n","protected":false},"author":1,"featured_media":653671,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7255],"tags":[317,72,131,997,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-653670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-commodities","tag-enterpriseam","tag-manufacturing","tag-samcrete","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"d236a163-2eb6-43ad-9762-cafcf639553c","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1701.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Poland\u2019s Feerum allegedly pulls out of grain silo factory","related_issue":[653662],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.82760f90-b676-49e4-9833-65263fdbf1ec.mp3"},"yoast_head":"\nPoland\u2019s Feerum allegedly pulls out of grain silo factory - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/polands-feerum-allegedly-pulls-out-of-grain-silo-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Poland\u2019s Feerum allegedly pulls out of grain silo factory\" \/>\n<meta property=\"og:description\" content=\"It looks like Port Said\u2019s EGP 1.6 bn grain silo factory has lost its foreign partner: The Egyptian arm of Polish grain silo company Feerum has reportedly 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the start of the workweek.THE BIG STORY TODAY- It looks like Port Said\u2019s EGP 1.6 bn grain silo factory project has lost its foreign partner: The Egyptian arm of Polish grain silo company Feerum will pull out of its agreement to set\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/91.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617822,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/28\/foreign-investors-ink-usd-353-mn-worth-of-industrial-projects\/","url_meta":{"origin":653670,"position":1},"title":"Foreign investors ink USD 353 mn worth of industrial projects","author":"enterpriseam admin","date":"28 March 2024","format":false,"excerpt":"Egypt signed three separate industrial investment agreements with companies from China, Poland, and France","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2535.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654097,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/28\/otsuka-breaks-ground-on-new-usd-40-mn-factory\/","url_meta":{"origin":653670,"position":2},"title":"Otsuka breaks ground on new USD 40 mn factory","author":"enterpriseam admin","date":"28 October 2024","format":false,"excerpt":"The factory should be up and running by September 2025","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2352.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659937,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/04\/al-mashat-pitches-sczone-as-ukrainian-grain-storage-hub\/","url_meta":{"origin":653670,"position":3},"title":"Al Mashat pitches SCZone as Ukrainian grain storage hub","author":"enterpriseam admin","date":"4 February 2025","format":false,"excerpt":"Ukraine also wants to set up its own logistics zone in Egypt","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/258.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653710,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/raya-foods-eyes-usd-20-mn-factory-to-boost-exports\/","url_meta":{"origin":653670,"position":4},"title":"Raya Foods eyes USD 20 mn factory to boost exports","author":"enterpriseam admin","date":"21 October 2024","format":false,"excerpt":"Good afternoon, folks, and a happy Monday to you all.THE BIG STORY TODAY Half of Helios\u2019 USD 40 mn acquisition bid for Raya Foods will go towards building a new factory: Raya Food\u2019s parent company Raya Holding will direct USD 20 mn of Helios Investment Partners\u2019 USD 40 mn bid\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING 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