Company Overview
Company Profile:
Helwan Fertilizers Co. (HFC) is an Egyptian Shareholding company established according to the private Free Zone and, subject to the rule of Investment Guarantees and Incentives Law No. 8 of 1997, and Law No. 114 of 2008 and its executive code and resolution to perform is no:2690/2004.Now it’s working according to internal investment.
Company location:
The company is situated in an area of 150.000 sq. at the industrial area in El-Tebbeen - Helwan near the highway and approximately 40 kilometers away from the center of Cairo city.
Company Activities:
The company specializes in the production of urea fertilizer 46.5% nitrogen and ammonia which is an intermediate product. There is a plan understudy to construct another production line similar to the existing one.
Company capital:
- Authorized capital US$ 700 million.
- Paid-up capital US$150 million.
- Project investment cost US$316.75 million.
Agreement:
- On the 9th of March 2004, a contract was signed with the well experienced German company Uhde hiring it is the general contractor to construct the first line of production for granulated urea.
- The effective date of the contract: 15th of July 2004
- Project execution: 33 months from the effective date of the contract.
- Uhde was in charge of the installation of all machines and have conducted all the necessary experiments for all phases of operations.
- Production started on the 9th of March 2007 (two months before the date specified in the contract)
- On the 15th of May 2007, the provisional acceptance of the plant.