Middle East Economic Survey
VOL. XLVIII
No 8
21-February-2005
JORDAN
Jordanian Company To Acquire Indian Equity In Phosphoric Acid Plant
The Jordan Phosphates Mines Company (JPMC) intends to acquire all the equity (52%) held by the Southern India Petrochemical Company (SIPCO) in a joint venture phosphoric acid plant in the free zone area of Shidiyah in South Jordan. JPMC already has a 35% stake in the joint venture plant and after the acquisition its stake will rise to 87%, with the remaining share...
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