AlexFert was established in 2003 by EKH as a greenfield project with an authorized capital of USD 500 million and paid-in capital of USD 249 million. AlexFert commenced operations in 2006 and has since positioned itself as a leading Egyptian producer of fertilizers and urea.
AlexFert enjoys an optimal plant location in Alexandria with access to export markets in Europe and the U.S., and utilizes a strong distribution strategy with limited reliance on offtake agreements (c. 70% of the company’s production is exported to Europe and the U.S., with c. 30% of production directed to the domestic market). The company enjoys a competitive advantage through its access to low cash cost production per ton (at current natural gas prices of USD 4.5 per MBTU).AlexFert’s 452 employees operate out of a 101,000 square meter factory in Alexandria that is ISO 9001/2008 and ISO 14001/2004 certified. In 2013, AlexFert established a new ammonium sulphate production line as part of a major push for operational expansions. The new line has an annual capacity of roughly 165,000 tons per year. EKH directly and indirectly holds c. 57% of AlexFert through its majority shareholding stake (65%) in Bawabet Al Kuwait Holding, which allows EKH to exert management control in AlexFert.