Egyptian Financial & Industrial Co

What Egyptian Financial & Industrial Co does

Egyptian Financial & Industrial Company (EFIC) is a publicly listed Egyptian Joint Stock Company (S.A.E.) established by royal decree on May 30, 1929, and a subsidiary of the state-owned Holding Company for Thermal and Mining since 1991. The company manufactures and sells chemical and agricultural inputs, specifically concentrated sulfuric acid (98%) and diluted sulfuric acid, granulated single superphosphate fertilizer, and powder single superphosphate fertilizer (PSSP). It serves both the Egyptian agricultural sector — supplying phosphate-based fertilizers for crop production — and industrial customers requiring sulfuric acid for chemical processing, metal processing, and petroleum refining applications.

EFIC operates three production sites: the original Kafr el-Zayat factory and headquarters in Gharbia governorate, an Assiut fertilizer factory in Upper Egypt, and the strategically located Ain Sokhna complex in Suez, built on a 61-acre parcel within the Suez Canal Economic Authority zone. The Ain Sokhna complex represents the company's primary modern capacity, with 300,000 tons of annual fertilizer production allocated 70% to local Egyptian sale and 30% to export, and a contracted new potassium sulphate unit at 40,000 tons/year capacity. Manufacturing equipment is sourced from international OEMs including Neuman & Esser (Germany), Bradley (UK), Carb (Italy), Shanghai Electric (China), and Atlas Copco; the rehabilitated Simon Carves sulfuric acid line achieves a 99.8% conversion rate via double absorption, supported by a Venturi fluorine-gas washing system commissioned with Arametec (New Zealand) technical consulting.

The company operates a B2B sales-led commercial model, with direct sales to enterprise agricultural and industrial customers, multi-year quote-based contracts, exhibitions and conferences as the primary marketing channels, and a dedicated investor relations section reflecting its 1996 listing on the Egyptian stock exchange. EFIC is government-affiliated, with board representation from Mining Holding Company, Med Fert Egypt for Investment, Saudi Egyptian Industrial Investments, and the National Authority for Social Insurance. It holds ISO 9001, ISO 14001:2015, ISO 45001:2018, and EGAC ISO/IEC 17025:2017 accreditations, was recognized in the Forbes Middle East Top 50 Companies in Egypt 2024 list, and operates on a 50-year corporate duration running through January 2047.

Name

Egyptian Financial & Industrial Co

Legal name

Egyptian Financial and Industrial Company (S.A.E.)

Website

https://efic-eg.com

Company type

Public

Founded year

1929

Operating status

Operating

Headcount range

1–10 employees

Short description

Egyptian Financial & Industrial Co (EFIC), a 1929-founded publicly listed Egyptian chemical producer, manufactures sulfuric acid and single superphosphate fertilizers across three factories for agricultural and industrial buyers in Egypt and export markets.

Ownership category

akta.pro rank

Product category

Fertilizers and Industrial Chemicals

NAICS

Phosphatic Fertilizer Manufacturing (325312)

SIC

Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Fertilizer Raw Materials & Intermediates (Phosphate Rock, Sulfuric/Phosphoric Acid, Potash Ore/Brines) (AFABABAH)

akta.pro secondary industry

NPK & Compound/Blended Fertilizers (IMAEAEAD)

Keywords

• Phosphate fertilizer production
• Sulfuric acid manufacturing
• Agricultural chemicals
• Industrial chemical production
• Superphosphate fertilizers

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Fertilizer Sales: Production and sale of single superphosphate fertilizers (powder and granulated forms) for agricultural use in both local Egyptian market and export markets
2. Sulfuric Acid Sales: Production and sale of concentrated sulfuric acid (98%) and diluted sulfuric acid to industrial customers

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Egyptian Financial & Industrial Co (EFIC) manufactures and sells chemical fertilizers and sulfuric acid. Core offerings include concentrated sulfuric acid (98%), diluted sulfuric acid, granulated single superphosphate fertilizer, and powder single superphosphate fertilizer (PSSP). The company operates vertically integrated production from raw phosphate grinding to finished fertilizer products, with annual production capacity of 300,000 tons at the Ain Sokhna complex, supplying both the local Egyptian market and export markets.

Product overview

Egyptian Financial & Industrial Co (EFIC) is a chemical manufacturing and fertilizer production company established in 1929. The company operates as a Joint Stock Company under the Holding Company for Thermal and Mining. EFIC produces a portfolio of chemical products and agricultural fertilizers, including concentrated sulfuric acid (98%), diluted sulfuric acid, granulated single superphosphate fertilizer, and powder single superphosphate fertilizer (PSSP). The company serves both local and export markets through its manufacturing facilities in Kafr El-Zayat (Gharbia), Assiut, and Ain Sokhna (Suez). Production capacity at the Ain Sokhna complex reaches 300,000 tons annually of granulated fertilizer, with 70% for local sale and 30% for export. The company also has plans to establish a potassium sulphate production unit with 40,000 tons per year capacity. Manufacturing equipment is sourced from international suppliers including Neuman & Esser (Germany), Bradley (UK), Carb (Italy), Shanghai Electric (China), and Atlas Copco.

Differentiator

Problem solved

Functional benefit

Products and services

• Concentrated Sulfuric Acid (98%) Concentrated sulfuric acid at 98% concentration produced for industrial applications and chemical processing customers.
• Diluted Sulfuric Acid Diluted sulfuric acid sold for various industrial and agricultural applications.
• Granulated Single Superphosphate Fertilizer Granulated single superphosphate fertilizer used in agriculture to provide phosphorus nutrition to crops.
• Powder Single Superphosphate Fertilizer (PSSP) Powder form single superphosphate fertilizer (PSSP) sold for agricultural applications.

Quantifiable outcome

• 300,000 tons annual fertilizer production capacity
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered supporting and core.

• Zewail City of Science and TechnologysupportingStrategic or Co-development Partner · 30 November 2021Cooperation with Zewail University for environmental regularization plan approval from Environmental Affairs Agency, obtained November 30, 2021.
• Neuman & Esser (Germany)coreTechnology or IntegrationEquipment supplier for phosphate grinding mill with 50 tons/hour capacity (1000 tons/day). Imported equipment from German manufacturer for raw phosphate processing at Ain Sokhna complex.
• Bradley (UK)coreTechnology or IntegrationSupplier of DEN fertilizer production machine with 70 tons/hour capacity (1200 tons/day) for Ain Sokhna fertilizer production line.
• Carb (Italy)coreTechnology or IntegrationSupplier of sulfuric acid dilution and cooling device for acid production operations.
• Shanghai Electric (China)coreTechnology or IntegrationSupplier of fertilizer granulation unit with 1000 tons/day production capacity for Ain Sokhna complex.
• Atlas CopcosupportingTechnology or IntegrationSupplier of air compressors for fertilizer production operations.
• Arametec (New Zealand)supportingImplementation/ SI/ Consulting PartnerTechnical consultants from Arametec present during rehabilitation of fluorine gas washing and absorption system, replacing Bradley towers with Venturi system.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Ma'aden (Saudi Arabian Mining Company): Saudi state-owned mining and fertilizer company producing DAP, MAP, ammonia, and sulfuric acid; comparable as a regional phosphatic and sulfuric acid producer competing for MENA agricultural buyers, but operating from a different geography and with significantly larger scale.
• Industries Qatar (QAFCO): Qatar-based fertilizer producer (urea, ammonia) serving global and regional agricultural customers; comparable as a regional fertilizer and chemical incumbent serving similar MENA and export markets, but with a nitrogen focus rather than phosphate.

Broad incumbents

• Yara International: Norwegian global nitrogen and NPK producer; comparable as a globally scaled fertilizer leader with industrial chemical adjacencies and direct competition for agricultural buyers in MENA export markets.
• ICL Group: Israel-based specialty fertilizer and mineral producer with phosphate, potash, and specialty plant nutrition lines; comparable as a globally diversified phosphatic and specialty fertilizer competitor with overlapping end markets in agriculture.
• OCI Global: Netherlands-headquartered global nitrogen, methanol, and low-carbon ammonia producer with historic MENA operations (Egyptian EFCemento and Sorfert Algerie); comparable as a major MENA-based fertilizer and chemical producer with broader product portfolio than EFIC.

Direct peers

• Misr Fertilizers Production Company (MOPCO): Egyptian nitrogen fertilizer (urea/ammonia) producer supplying both local and export markets; directly comparable in scale, B2B GTM, and Egyptian industrial agricultural customer base, but operates in the nitrogen nutrient rather than phosphate.
• PhosAgro: Global vertically integrated phosphatic fertilizer producer (phosphate rock, phosphoric acid, MAP/DAP/NPK); comparable as a phosphatic-focused peer with vertical integration into sulfuric acid and direct competition in phosphate fertilizer export markets.
• Abu Qir Fertilizers: Egyptian producer of nitrogenous fertilizers (urea, ammonium nitrate) and the largest local fertilizer manufacturer; competes with EFIC for the same Egyptian agricultural customers and export channels, though on the nitrogen side rather than phosphatic.
• El Nasr Fertilizers and Chemicals (SEMAFCO): Egyptian producer of fertilizers and industrial chemicals including sulfuric acid and superphosphate; the closest direct peer to EFIC in terms of product mix (SSP fertilizer and sulfuric acid) and Egyptian B2B industrial customer base.
• Kima (Egyptian Chemical Industries): State-owned Egyptian chemical manufacturer producing nitric acid, ammonium nitrate, and other industrial chemicals; directly comparable as a publicly listed Egyptian industrial chemical company serving similar domestic and regional buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Egyptian Financial & Industrial Co