Latest in Tag: Kima Highlight
Latest in Tag: Kima
Chemical Holding Company chooses EPC as new general contractor for development of Kima 2 in Aswan
The American company will provide the necessary financing for the development: Sources
Air Supply, Kima agree to establish medical oxygen plant with EGP 260m investment
It is state-run Kima’s first cooperation with private sector
Air Supply, Kima partner to produce industrial gas with EGP 250m investment
Chairperson of Air Supply Group, Ahmed Mostafa, said the expected investments of the projects amount to EGP 250m, pointing out this deal is the first of its kind between the private sector and Kima.
Kima restructures $292m, EGP 1.92bn syndicated loan
Beltone is acting as sole financial advisor for transaction
KIMA for chemical industries approves EGP 2bn rights issue
The company noted that the proceeds would be used to reduce debt and other outstanding dues to the government, including for gas and electricity supplies.
Covid-19 negatively affects Kima’s development, expansion plans
Market researchers suggest urea plants could go offline in bid to reduce supply glut
Kima expected to report losses in 3Q 2020: Naeem Research
Naeem’s estimates do not take into account Kima’s new factory commencement in March
Egypt’s KIMA targets new factory commercial take off by April 2020
KIMA plans to target sales worth EGP4.5bn within the next fiscal year (2020-2021). It also aims to reach sales worth EGP6bn within two years
Kima will open EGP 11.6bn ammonia, urea production plant next month
Kima reported a 67.68% decline in its net profit for the fiscal year (FY) 2018/19 to EGP 32.33m, compared to EGP 100.05m in the corresponding FY.
KIMA boosts profits to EGP 17.4m supported by increased revenues
The Egyptian Chemical Industries Company (KIMA), a public business sector company, managed to raise its profits in the first quarter of the current fiscal year by 222%. The company said in a disclosure to the Egyptian Exchange on Monday that it realised profits of EGP 17.4m, versus EGP 7.8m in the same period last year. …
KIMA pays Tecnomont EGP 1.3bn for planned Aswan expansion
Maher El-Abd, the head of investor relations in the Egyptian Chemical Industries Company (KIMA), said that the company has paid EGP 1.3bn by the end of 2016 to the Italian company Tecnomont. The money is meant to be spent on construction and operational processes to establish new production units, and carry out the rehabilitation of …
KIMA builds $60m reserve to secure future payments to Tecnimont
The Egyptian Chemical Industries Company (KIMA) has managed to build a reserve of foreign cash worth $60m through exports. The reserve will be used to ensure that the company can fulfil its future payments to Italian company Tecnimont, which is establishing KIMA’s new ammonia plant and the project to rehabilitate factories to operate on natural …
NBE gives EGP 320m to 2 construction, food companies: Corporate Banking Head
29% increase in loans to big companies in the past fiscal year, says Yassin
KIMA’s profits in FY 2014/2015 down 10%
Company’s net profits registered EGP 95.9m during previous fiscal year
KIMA earns EGP 23.3m revenues during 5 months
Memphis Pharmaceutical witnesses EGP 10m losses during 5 months and KIMA
Technoment to begin construction of Aswan fertiliser factory by end of 2014
Italian firm will also partner with KIMA to upgrade facilities to work with natural gas
Ministry of Industry ‘committed to ensuring workers’ lawful rights’: Minister
Workers sit-in in Aswan disperses peacefully after listing their demands to Minister of Industry, Foreign Trade and Investment