On March 22, China Wuhuan Engineering Co.
, Ltd.
, Algeria National Fertilizer Company, Algeria National Industrial and Mining Group and Yunnan Tianan Chemical Co.
, Ltd.
jointly signed the "Shareholders Agreement" of Algeria-China Fertilizer Company in Algiers, the capital of Algeria.
Jointly set up a joint venture company to carry out the preliminary work of the Algerian mineral and fertilizer complex project
.
The project is the first mineral and fertilizer complex project in Algeria, with a planned total investment of about US$7 billion, and it will be constructed in three phases
.
China Wuhuan Engineering Co.
, Ltd.
stands out from many strong competitors by virtue of its strong technical strength in the fields of phosphorus chemical and natural gas chemical industry, as well as its brand influence in the international engineering market, and has won the unanimous recognition of the Arab partners
.
Algeria is located in North Africa and is rich in phosphate and oil and gas resources
.
This project is the second appearance of China's Fifth Ring Road in the North African market after Tunisia and Egypt, demonstrating the company's engineering strength in the field of fertilizers
.
Cheng Lachun, chairman of China Fifth Ring Engineering Co.
, Ltd.
, Yu Xin, general manager, and the project team participated in the signing ceremony remotely through video
.
Li Zhenyu, assistant to the general manager of the company, Wu Xiaobin, senior project manager, and Su Teng, manager of the Egyptian branch, attended the event
.
The picture shows the signing ceremony
.
(Photo courtesy of the company)
