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Evergrow for Specialty Fertilizers is to put the foundation stone of the potassium complex within two months, said CEO Mohamed EL-Kheshen on Wednesday.
El- Kheshen told Amwal Al Ghad that the projects will be established with investments worth EGP 2.5 billion (US$ US$319m and set to be completed by the end of 2017.
Complex’s capacity is set to reach 400,000 tons of potassium annually, the official stated.
In addition, the project will provide around 2,000 job opportunities by which Evergrow is to have more than 5,000 direct workers and thousands indirect ones.
El- Kheshen noted that the company has a well-maintained selling policy that relies on studying the fertilizers market periodically as well as opening new markets.
