Tunisian Indian Fertilisers (TIFERT) commissioning delayed due to political unrest.
Tunisian Indian Fertilisers (TIFERT) is a joint venture (JV) company between India's Coromandel and Gujarat State Fertilisers and Chemicals Ltd (GSFC) and Tunisia's Groupe Chimique Tunisian (GCT) and Campagnie Des Phosphate De Gafsa (CPG). TIFERT planned to commissioned its Indo-Tunisian JV, 360,000 tonne/year phosphoric acid plant in the first quarter of 2011. The plant is located in Skhira, 50 km north of the town of GabE s, Tunisia. The commissioning of the plant is delayed due to political unrest (Jasmin Revolution) in Middle-East and adjoining countries and now start-up is expected in second half of 2011.
Coromandel International Limited (CIL) had an agreement with Tunisian Government to export all the production of phosphoric acid directly to India on a long term basis. The agreement was signed by the two Indian project partners CIL and GSFC in order to supply their fertiliser plants with phosphoric acid.
Gujarat State Fertilisers and Chemicals Ltd (GSFC) and Coromandel International Limited (CIL) have 15% equity stake each in Tunisian Indian Fertilisers (TIFERT). The balance 70% equity shares are owned by Tunisia's Groupe Chimque Tunisien (GCT) and its associate Compagnie des Phosphates de Gafsa (CPG).
Copyright UMCI News
Provided by Syndigate.info an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Publication:||UMCI News (Potomac Falls, VA)|
|Date:||Jul 15, 2011|
|Previous Article:||Tunisia getting UN human rights office.|
|Next Article:||Morocco says protests over phosphate jobs are over.|