Arab Finance: Egypt’s state-owned Chemical Industries Holding Company (CIHC) plans to offer 5% stakes in each of five subsidiaries on the Egyptian Exchange (EGX) in the coming months, Executive Managing Director Saad Helal told Economy Plus.
The planned offerings will include El Nahda Industries, the Egyptian Company for Pipes and Cement Products (Siegwart), Spring and Transport Needs Manufacturing Company (Yayat), Sinai Manganese, and El-Nasr for Fertilizers and Chemical Industries (SEMADCO), all of which are temporarily listed on the EGX.
Alongside the share offerings, CIHC is planning fresh investments in its subsidiaries during fiscal year (FY) 2026/2027, covering fertilizer, cement, and metallurgical operations.
Egypt-based fertilizer producer Egyptian Chemical Industries (KIMA) has an investment plan worth around $168 million and EGP 6.4 billion, while SEMADCO requires investment of around $50 million, Helal said. Sinai Manganese is also seeking to add two production lines this year at an estimated cost of $20 million.
In fertilizer production, CIHC aims to restart the plant operated by Delta Fertilizers and Chemical Industries in the second quarter of 2027. Helal also outlined an export target of approximately 318,000 tons, representing 53% of a total targeted volume of 600,000 tons.
Natural gas availability remains a factor in fertilizer deliveries to the government. Helal explained that any reduction in gas supplies would lead to a proportional decline in those deliveries.
Turning to cement, Helal expressed CIHC’s interest in strengthening the industry to meet rising demand. He also confirmed that the liquidation of National Cement Company had been completed, while the use of its remaining 118 feddans of land is still being assessed.
One option under consideration is to convert the land to residential use and involve real estate developers, particularly as neighboring areas have shifted toward housing, he added.
At Tanta Flax and Oils Company, Helal noted that assets remain underutilized, but adding production lines would depend on first securing the crops and agricultural inputs needed to operate them.
