Egypt's stocks close in red on Monday as benchmark EGX 30 dips 0.07%    Egypt's stocks start week higher, benchmark EGX 30 gains 0.48%    Fitch affirms Egypt's long-term foreign currency issuer default rating at B+    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Russia to lift COVID restrictions on flights to Egypt's Red Sea resorts on Nov. 9    Egypt, Greece ink deal for first subsea power link between Europe and Africa    Egypt hosts regional conference of EU refugee agency EASO    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Over 100 officials resign from Tunisia's main Islamist party    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egyptian court bans use of mosques for political purposes    Brazil calls up 8 EPL players for World Cup qualifying    Refugees in fear as sentiment turns against them in Turkey    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Huawei Technologies has invested $10 mln over 5 years in innovation centres in Egypt    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    US emphasises AU's role in mediating Ethiopian damdispute    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Polyserve Transfers Fertilizers Factory from Aswan to Ain El Soukhna
Published in Amwal Al Ghad on 10 - 04 - 2012

Polyserve Group for Chemical Industries decided to move its fertilizers factory from Aswan to the industrial zone in Ain El Soukhna, as a result of objections campaign by people of the (Elsebaieya) village “Ezbet El Bostah - Edfo center - Aswan governorate", because of health damages they have suffered since the establishment of the factory.
Dr. Sharif El Gabaly -Chairman of the company- said that the cost of moving procedures was more than 150 million, and this led the total investment of the factory in infrastructure to reach 330 million EGP in addition to more than 80 million EGP, which is the value of establishments, which were held in Aswan.
El Gabaly said -during an exclusive statement to "Amwal Al Ghad"- that there are ongoing negotiations between the Group and the Industrial Development Authority, in order to allocate land for the purpose of establishing the new factory in the industrial zone in Ain El Sokhna to resolve the problem between the management of the factory and people of villages surrounding Aswan.
He explained that the first stages of production is estimated to be 300 thousand tons of phosphate and complex fertilizer, as the management of factory has ended the last phases of the its initial operation, which targeted a production capacity of 300 thousand tons per year, rising to 600 thousand tons in the second stage.
El Gabaly added that local production of phosphate and complex fertilizers was suffering a slight deficit of 20%, which was imported from abroad or from the free zones in Egypt, so after the pumping of the production of Aswan plant, this deficit will fall to less than 5%
To be mentioned that people of the Elsebaieya have sent several complaints to the Supreme council of Armed forces and the Ministry of Environment, as they were complaining of the construction of chemical fertilizers factory inside the village, and the claimed the existence of damages on the health of citizens there, because of this factory.
On the other side, more than 200 workers from Aswan's factory have conducted “sit in" more than once in front of the Aswan Governorate, as they were demanding to re-operate the factory that was closed since January 28, 2011, despite the fact that these protesters are receiving their salaries every month, but they fear not to run the factory again, and they were worried about stopping their salaries in this case, but this was denied by El Gabaly, as he said that what happened was not their fault.


Clic here to read the story from its source.