IFCo Awards OCI Construction Group EPC Contract

IFCo Awards OCI Construction Group EPC Contract 
Cairo -- (Marketwire) -- 09/06/12 --  *T 
Cairo, Egypt / 5 September, 2012 11:15 PM 
Iowa Fertilizer Company Awards the OCI Construction Group an
Engineering, Procurement and Construction Contract Valued in Excess of
US$ 1 Billion 
Orascom Construction Industries (OCI) announced today that its wholly
owned subsidiary Iowa Fertilizer Company (IFCo) has awarded the OCI
Construction Group a turnkey engineering, procurement and construction
(EPC) contract to build its new greenfield nitrogen fertilizer plant in
southeastern Iowa. The total contract value is expected to exceed US$ 1
billion. Under the terms of the EPC contract, the new plant will
utilize proven state-of-the-art production process technologies from
Kellogg Brown and Root LLC (KBR), Stamicarbon BV (Maire Tecnimont
Group) and ThyssenKrupp Uhde (Uhde) to produce between 1.5-2 million
metric tons per year of ammonia, urea, urea ammonium nitrate (UAN) as
well as diesel exhaust fluid (DEF), an environmentally friendly fuel
additive. Tecnimont S.p.A. (Maire Tecnimont Group) will provide
engineering and procurement (EP) services for the ammonia line while
Uhde will provide EP services for the urea, UAN and DEF lines.
Construction work on the plant is expected to be completed in 35
months. 
The OCI Construction Group ranks among the world's top global
contractors and has built several nitrogen fertilizer plants in the
Middle East. The OCI Construction Group has had a long standing
relationship and successful track-record working with KBR, Marie
Tecnimont Group and Uhde on various projects, including four nitrogen
fertilizer plants in Egypt and Algeria with a combined value exceeding
US$ 3 billion. The OCI Construction Group is currently building a
nitrogen fertilizer plant in Egypt in cooperation with Marie Tecnimont
Group and KBR. 
OCI Construction Group Chief Operating Officer, Osama Bishai, commented"the OCI 
Construction Group will draw upon its experience and expertise
in building similar facilities and will also leverage its US
construction platform which now includes the Weitz Company to
fast-track the construction of this project. We have worked well with
Maire Tecnimont Group and Uhde on several projects and believe our
performance on t
his project will be a landmark reference for us to grow
our business in North America." 
Maire Tecnimont Group Chief Operating Officer, Pierroberto Folgiero,
commented "we are very proud to cooperate again with an important and
prestigious group such as OCI. This award represents the first recent
success of the Maire Tecnimont Group in North America, a very promising
market in the future. This contract opens up new growth opportunities
in North America for our Group and consolidates our track record in the
strategic fertilizer sector." 
Chairman of the Executive Board of ThyssenKrupp Uhde, Dr. Michael
Thiemann commented ''the fertilizer contract in Iowa is the next
chapter in our success story with OCI, which, after Egypt and Algeria,
has now taken us to the United States. We are looking forward to
nurturing our long-standing relationship with OCI by working closely on
this project." 
About Orascom Construction Industries 
OCI is one of Egypt's largest corporations employing more than 72,000
people in 35 countries around the globe. The OCI Fertilizer Group owns
and operates nitrogen fertilizer plants in Egypt, the Netherlands, the
United States, and Algeria and has an international distribution
platform spanning from the Americas to Asia. The OCI Fertilizer Group
ranks among the world's top fertilizer producers with a production
capacity which will exceed 7.0 million metric tons in 2012. The OCI
Construction Group provides international engineering and construction
services primarily on infrastructure, industrial and high-end
commercial projects in Europe, the Middle East and North Africa for
public and private clients. The OCI Construction Group ranks among the
world's top global contractors. 
For additional information  
contact:                      For additional information on OCI: 
OCI Investor Relations        www.orascomci.com
Department:     
Omar Darwazah                 OCI stock symbols: OCIC.CA / OCIC EY /
Email:                        OCICqL / ORSD / ORSCY
omar.darwazah@orascomci.com  
Erika Wakid                   Orascom Construction Industries (OCI)
Email:                        Nile City Towers - South Tower
erika.wakid@orascomci.com     2005A Corniche El Nil 
Cairo, Egypt
Hassan Badrawi
Director 
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409 
This information is provided by RNS 
The company news service from the London Stock Exchange 
END 


 
 
 
Contacts:
RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com


 
Press spacebar to pause and continue. Press esc to stop.