Egypt and China have signed a contract to establish the first factory of its kind in the Middle East to produce the magnesium sulfurs used as fertilizers to improve soil, feed livestock and as an ingredient in pharmaceutical industries.
The deal was signed by Chairman of the Egyptian Company for Salts and Minerals and head of the Chinese company with Deputy Premier and Minister of Agriculture Dr. Youssef Wali and three Ministers and Governor of Fayoum Saad Nassar attending. The factory's capital is LE 123 million and it is due to produce 27,000 tons a year making up 5% of the world's output. (menareport.com)
© 2004 Mena Report (www.menareport.com)
