Tag: Africa

Fauji Fertilizer to set up plant in Africa

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article image STAFF REPORT ISB: Fauji Fertilizer Company, the country’s biggest maker of the farm input by market value, plans to set up a plant in Africa as domestic gas shortages undermine profits and prospects of increasing output at home. The company has formed a consortium with foreign companies to invest at least $1.25 billion, Chief Executive Officer Naeem Khalid Lodhi, told the media. Fauji, which has yet to complete the selection of the site for the facility, plans to start building it…Read More