Company News, 2019-03-18, 08:00 AM
thyssenkrupp wins major order for fertilizer complex in Egypt
thyssenkrupp’s plant engineering business has won a major order from the Egyptian chemical and fertilizer manufacturer NCIC (El Nasr Company for Intermediate Chemicals). The order for the engineering, procurement and construction (EPC) of a new fertilizer complex was signed in Cairo on March 17, 2019. thyssenkrupp is realizing the project in a consortium with the Egyptian company PETROJET. The order value for thyssenkrupp is in the mid-three-digit million euro range.
“We have a particularly successful partnership with Egypt stretching back more than 160 years which offers great potential for the future. Our longstanding experience in plant construction, our strong local presence and close collaboration with our customers form the basis for our success and strong market position in the region,” says Marcel Fasswald, CEO of thyssenkrupp Industrial Solutions. “To date we have planned and built 16 of the 17 existing nitrogen fertilizer plants in the country and are delighted that another state-of-the-art plant will now be added,” says Ralf Richmann, CEO Fertilizer & Syngas Technologies.
The new fertilizer complex will be built in Ain El Sokhna, around 100 km southeast of Cairo, close to the existing NCIC phosphatic and compound fertilizer complex. It is expected to go into operation in 2022 and produce up to 440,000 tons of ammonia, 380,000 tons of urea and 300,000 tons of calcium ammonium nitrate (CAN) every year. The new plants are part of NCIC’s plans to expand its current product portfolio to include high-quality nitrogen fertilizer for local and export markets. Nitrogen is a key nutrient for plant growth and of critical importance for industrial agriculture.
thyssenkrupp Industrial Solutions
Industrial Solutions is a leading partner for the engineering, construction and service of industrial plants and systems. Based on more than 200 years of experience we supply tailored, turnkey plants and components for customers in the chemical, fertilizer, cement, mining and steel industries. As a system partner to the automotive sector we develop highly specialized solutions to meet the individual requirements of our customers. Some 16,000 employees around the world form a global network with a technology portfolio that guarantees maximum productivity and cost-efficiency.
thyssenkrupp is a technology group with traditional strengths in materials. Over 160,000 employees in 78 countries work with passion and technological know-how to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2017/2018 thyssenkrupp generated sales of €42.7 billion.
Together with our customers we develop competitive solutions for future challenges in their respective industries. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. Our technologies and innovations are the key to meeting diverse customer and market requirements around the world, growing on the markets of the future, and generating strong and stable earnings, cash flows and value growth.