NSK Deutschland GmbH
Renishaw Plc
Volvo Penta

twitteryou tubefacebookacp

OCI to split its construction and fertiliser businesses

OCI will split its construction and fertiliser businesses into two trading separately in Egypt and abroad.

Orascom Construction Industries (OCI) is set to split its construction and fertiliser businesses into two trading separately in Egypt and abroad.

Greater strategic clarity

Fertilisers will remain under OCI and a new company will be formed to hold the construction business in a breakup intended to provide "greater strategic clarity", the Financial Times quoted Nassef Sawiris, OCI chairman and chief executive, as saying.

"It has been apparent to us, that there is absolutely no rationale to justify the relationship between the fertiliser business [which exports to Europe, North America and Brazil] and the construction group which [specialises in infrastructure] works predominantly in emerging markets," said Mr Sawiris.

Will not stop at number three

Mr Sawiris added that the company was poised to become the world's third largest producer of nitrogen fertilisers, after its Algeria plant comes on stream next month. The company owns fertiliser production facilities in Egypt, the US and the Netherlands.

"Right now our focus is on growing the fertiliser business," said Mr Sawiris. "We will not stop at being number three. The business is consolidating and we intend to be a driving force in any consolidation in the global market."

Oil Review Middle East
Deep Sea

EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)

Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)

Special belt covers guarantee an effective reduction in dust. (Image source: Wirtgen Group)

Daryl Wake, business development manager, DEKRA

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

DEWA's SAP upgrade drives innovation, sustainability, and efficiency in Dubai's utilities. (Image source: Adobe Stock)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)

Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)

Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

The emphasis is on constantly optimising value creation processes. (Image source: Rittal)

With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The four-point track system is available globally on four boom lifts up to 80 ft / 24 m class. (Image source: Genie)

Reed Exhibitions FZ-LLC