Orascom Construction Industries Restarts Work in Egypt

Orascom Construction Industries (OCI) Resumes Activities in Egypt.

OCI announces that the Construction Group has resumed work on 50 locations across Egypt representing almost 90% of total work sites starting Sunday 6 February. Certain sites remain closed due to the joint venture nature of the projects. Management is actively communicating with partners and clients to resume work on these remaining sites.

Our Fertilizer plants have continued to produce at normal operating rates. Several export shipments have been completed this week including 52 thousand tons of urea, which has been sold out through mid-March, as well as two ammonia vessels totaling 38.5 thousand tons which are expected to be completed shortly.

Work at our head office has also resumed including all services.

OCI's international operations across both the construction and fertilizer groups were unaffected by the events in Egypt and have continued to operate normally.

Source: http://www.orascomci.com/