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FINANCIAL NEWS
Qafco to export melamine to Europe
17 May 2010
(MENAFN) The Managing Director of Qatar Fertilizer Co (Qafco) said that the company has recently signed an agreement with Helm, Germany to export 18,000 MT Melamine to Europe, The Peninsula reported.
He pointed out that the agreement is in line with Qafco?s marketing strategy to expand the market reach of its melamine product from the upcoming Qatar Melamine Company plant to the European markets.
Qatar Melamine is 60 percent owned by Qafco and 40 percent by Qatar Intermediate Industries Holding Company.
Being built with a total cost of $350 million and a production capacity of 60,000 tons per annum, the plant will be the largest melamine plant in the Middle East.
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