Cairo – Mubasher: Abu Qir Fertilizers Co. said it signed the contract of establishing El Wadi Company for the production of phosphoric acid.
The new company operating capital will $30 million, where Abu Qir Fertilizers will participate of 10% in the company’s capital.
Earlier, Abu Qir Fertilizers reported net profits of EGP 240 million for the first quarter of the fiscal year 2016/17, down by 18.8% y-o-y.
