Phosphate company to build $30mln chemical factory in south
(MENAFN- Jordan News Agency) Amman, Oct 27 (Petra) -- The Jordan Phosphate Mines Co (JPMC) and Alufluoride Ltd Wednesday signed an agreement to construct a USD 30 million aluminum fluoride factory in the southern governorate of Maan.
Under the agreement, the JPMC pledges to provide the factory with 20 tonne of folic acid every year.
JPMC Chairman Mohammad Thneibat said the factory will create 100 job opportunities for the local community, emphasising the JPMC's role in the national efforts to stymie unemployment.
JPMC CEO Abdel Wahab Rowwad said the factory will adopt international standards, highlighting the manufacturing of aluminum fluoride is "unique." The production of aluminum fluoride will contribute to putting Jordan amongst producing countries of the chemical compound that is witnessing an increase in demand.
Alufluoride Ltd Managing Director Venkat Akkineni said the factory strengthens the Jordan-India ties, expressing India's "pride" in its partnership with the JPMC.
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