date:Sep 07, 2012
d fertilizer most commonly used to support corn planting.
The Egyptian conglomerate is in the process of spinning off its construction arm but has acquired a local building company to help construct the new plant, which is slated to open in 2015.
Orascom has been planning its U.S. expansion for more than a year, and Chief Executive Nassef Sawiris said the relative financial health of Midwest states played a key role in its final decision.
Iowa boosted its tax-incentive package to more than $100