(2014-11-27) EFIC receives final approval on Ain Sokhna complex Egyptian Financial and Industrial (EFIC) received the final approval for its planned 256,157 square meters complex in Ain Sokhna, it said in a bourse statement.
The firm said the estimated investment cost for the complex to be worth LE375 million.
According to EFIC website, the company is phosphate fertilizer producer which holds 70% market share in Egypt, and has export markets in five continents.
The company's products include PSSP, GSSP, NPK, Sulphuric Acid, Ammonium Sulphate, DCP.
EFIC owns factories in Kafr El-Zayat, Assiut, and Suez Company for Fertilizer Production, which is 99.8% owned by EFIC.