EFIC Highlights

 

Operational Highlights

 

EFIC is the largest  producer of Phosphate Fertilizer in Egypt, producing and selling three major kinds of Phosphate fertilizers( Powdered Single Super Phosphate fertilizer, Granulated Single Super Phosphate fertilizer and Compound fertilizer), moreover EFIC is counted as one of the major producers  in the domestic Sulphuric Acid market, It captured about 54% of local production of Sulphuric Acid, moreover it is expected to reach 70% as soon as the new production line in Suez starting operation in 2006.

 

 

 

 In 2004, EFIC produced 910K tons of SSP compared with 754K tons in 2003 which represents 121% growth according to the growth in local and international demand of Phosphate fertilizer. EFIC also produced 362K tons of Sulphuric Acid during 2004.

 

 

Production in '000 Tons 2000-2004

 

Years	2000	2001	2002	2003	2004
Commercial Sulphuric Acid	295	360	356	388	362
Powdered  SSP	322	450	464	412	462
Granulated SSP	296	300	273	342	448

 

Local Sales

 

The cooperation between EFIC and Ministry of Agriculture played essential role in making  Egyptian farmers realized the benefits of the Phosphate fertilizers which are very suitable for Egypt’s soil and climate in general , especially Granulated Single Super Phosphate fertilizer ( it has the same advantage of Powdered Single Super Phosphate fertilizer which supplying plants with  Phosphorus, Calcium and Sulpher beside fixing plant roots in the soil ) moreover it is appropriate to a clean environment, reduced loss during fertilization and it is used to fertilize desert . The compound fertilizers supply plants with the same elements plus Nitrogen and it is used for different kinds of field crops.

 

 

 In 2004, total local consumption of Phosphate fertilizers was more than 1million tons, EFIC captured 70% of the market. EFIC achieved 112% growth in its local sales of Phosphate fertilizer in 2004 compared with the previous year.  2004 witnessed a growth in local sales of Commercial Sulphuric Acid reached 118 % compared with year 2003. Sulphuric Acid is an essential chemical product which used as intermediary product for most of chemical industries such as fertilizers, pharmaceuticals, water treatment and military industries.

 

Local Sales in '000 Tons 2000-2004

 

 

Years	2000	2001	2002	2003	2004
Commercial Sulphuric Acid	69	66	71	92	109
Powdered SSP	378	440	451	474	490
Granulated SSP	170	185	197	166	231

 

 

 

 

Export

 

The fertilizer industries are a global commodity business. Increasing consumption of fertilizer is a natural outcome of population growth and increasing demand of food around the world especially in developing countries, so that EFIC had the ability to increase its exports to these countries and penetrating new global markets. Obviously, EFIC is internationally considered one of the dominant global companies in the fertilizer sector.

 

 

In 2004, after covering the local market demand of Phosphate fertilizers, EFIC exported 228K tons of GSSP with growth rate 130% compared with year 2003 related to its efforts to achieve a high quality of production and high technical manufacturing through products' improvement( chemically and naturally) to satisfy global markets demand.

 

EFIC managed to snatch the Latino market from its global competitors side by side with the previous global markets such as Italy, Albania, Greece and Sudan and penetrating new markets during 2004 in Uruguay, Argentina, Turkey and Iraq

 

Exports in '000 Tons 2000-2004

 

Years	2000	2001	2002	2003	2004
Commercial Sulphuric Acid	1	2	1	2	1
Powdered SSP	8	16	19	17	1
Granulated SSP	60	89	111	191	228

 

 

 

 

New Investments

EFIC’s new company which is called “Suez Company for Fertilizers Production”  “SCFP” which has been under construction ,it is located in Ain El Sokhna North West Suez Gulf with 100,000m² wide. The authorized capital is 300L.E. million and the issued and paid-in capital is 80.8L.E. Million distributed over 808,000 shares with par value L.E.100 per share.

The total Capital Investment cost of the project is L.E. 405 million. The project is financed by Long term Loan of 80% of the investment cost and 20% equity. EFIC possesses 99.88%

  Its production capacities are 300K tons of GSSP/NP Production Line, 425K tons of Sulphuric Acid Production Line and 150K tons Ammonium Sulphate fertilizers whose production was originally planned to substitute imports. .  It worth mentioning that capacities doubled for both Sulphuric Acid and GSSP/NP are to fulfill demand booming in both local and international markets.

SCFP started its operation test of the new production line of GSSP/NP in the last quarter of year 2004, while the production line of PSSP started its actual operations in January 2005 earlier than its settled time in the feasibility study    .The ammonium Sulphate line is expected to start its operations in the midyear of 2006.   The second half of Year 2006, will witness the start of Sulphuric Acid production