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Today's Headlines
ThyssenKrupp's Uhde Gets Record Plant Order
 
 

May 29, 2007 -- ThyssenKrupp's plant engineering unit Uhde received a record order worth more than 650 million euros ($874.6 million) to build a turnkey fertiliser complex in Egypt, the company said on Tuesday.

Egyptian Agrium Nitrogen Products Co. SAE commissioned the firm to build two ammonia plants, each with production capacities of about 1,200 tonnes per day, as well as two urea plants about 160 kilometres northeast of Cairo in Damietta.

The Egyptian firm is investing some $1.2 billion in the overall complex, scheduled for completion in 2010, ThyssenKrupp said in a statement.

"This is now our fifth contract in three years for a fertiliser complex in Egypt -- an overall contract volume of over 1.6 billion euros (for all five)," Klaus Schneiders, chairman of Uhde's executive board, said in the statement.

Source: Reuters News
Source: Factiva

 
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