EKHO announces new factory and production lines operation in Egypt worth $48 M in investment

Through a statement made by Egypt Kuwait Holding (EKHO) last Saturday, the company announced the opening of new factory and production lines in Egypt worth $48 million (LE 1.4 billion) through associate company Sprea Misr. 

The company, listed on both the Egyptian and Kuwaiti stock exchange markets, announced that the newly opened factory will produce sulfuric acid and increase the capacity of previously established lines and petrochemical factories. 

Managing Director of EHKO, Sherif El Zayat, stated that the production capacity of the new factory is approximately 165,00 tons yearly and 80 percent of the production yield will go to Alexandria Fertilizers Company (AlexFert.Co), which EKHO holds the majority stake of 69 percent.