Abraaj Group buys into Indorama

摘要

The Abraaj Group says that it has acquired a minority stake in Indorama Fertilizers, the largest urea producer in Sub-Saharan Africa. Abraaj is a Dubai-based private investment group which has investments in high growth regions across Asia, Latin America and Africa. In a statement the company said that it will "use its expertise and networks to support Indorama Fertilizer's market penetration and future expansion plans, as well as help ensure best-in-class corporate governance." Indorama is an Asian holding company which owns the Indorama Eleme fertilizer plant at Port Harcourt, Nigeria. The facility, completed earlier this year, comprises a 2,300 t/d ammonia plant, and a 4,000 t/d granulated urea plant.