Egypt’s OCI to demerge construction from fertilizer business

21 December 2011 20:08  [Source: ICIS news]

LONDON (ICIS)--Egypt’s Orascom Construction Industries (OCI) plans to demerge its construction business from its fertilizer business, it said on Wednesday.

OCI said the demerger would “enhance the long term value creation capabilities” of both the fertilizer and the construction business.

OCI’s fertilizer business ranks among the world’s leading nitrogen fertilizer producers, with capacities expected to exceed 7m tonne/year in 2012, it said. 

OCI is also a large producer of melamine following its acquisition of DSM’s melamine and fertilizer business last year.

The company expects to complete the demerger during the first quarter of 2012, it said.

For more on OCI and other producers visit ICIS company intelligence

By: Stefan Baumgarten
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