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ACS is awarded an industrial contract for 315 million in Egypt

23-02-2016
He group ACS has won, through Intecsa Industrial, the award of a contract in Egypt for a value of 315 million euros commissioned by the company NCIC (NASR Company for Intermediate Chemicals).

The “turnkey” contract represents half of the total fertilizer plant to be built in Ain Sohkna and will be the largest built to date in the Egyptian fertilizers sector.

The scope of the project includes the completion of basic and detailed engineering, the supply of construction equipment and materials, including assembly, and the commissioning and start-up of both plants.

The project has a lead time of 30 months and the plants will be built in Ain Sokhna, located about 135 km from Cairo, in the Red Sea region. Specifically, the project consists of a sulphuric acid plant featuring two production trains of 1,900 t/h and a DAP/TSP plant, with capacity of 1,200 t/h and 750 t/h, respectively.

With this first contract in Egypt, Intecsa Industrial will have a portfolio of more than 1.6 billion euros and is expected to end this year with a turnover of more than 900 million euros. This subsidiary of ACS, whose current business is almost completely international in origin, confirms its growth and with the development of this new DAP plant, Intecsa Industrial stands as a world leader in completed DAP plant contracts, placing it among the big international EPC contractors.