ALGERIA

Israel Chemicals Second-Quarter Profits Soar
Israel Chemicals Ltd. (ICL; Tel Aviv) has reported a 445% increase in net profits to $703.2 million for the second quarter ended June 30. And sales for the period increased by 116% to $2.07 billion. The rise in sales was driven by ICL Fertilizers business...

Algeria Invites Bids for Urea Formaldehyde Unit
Société Nationale de la Pétrochimie (Enip; Algiers) says it will...

Sun Pharma Gets U.S. FTC Approval for Taro Tender Offer
Sun Pharmaceutical Industries (Mumbai) says the U.S. Federal Trade Commission (FTC; Washington DC) has given clearance for the previously announced tender offer by Alkaloida Chemical Company Exclusive Group (Tiszavasvari, Hungary), a subsidiary of...

Algeria Adds Huge Capacity for Ammonia and Urea
Algeria Oman Fertilizer Co. (Algiers), a 51-49 joint venture between Oman Bahwan Group (Muscat) and Sonatrach (Algiers), has signed contracts with Mitsubishi Heavy Industries (MHI) and Daewoo Engineering & Construction (Seoul) to build a $2.4-billion...

Engro Seeks Fertilizer JV in Algeria
Engro Chemical Pakistan (Karachi) is seeking to establish a joint venture with Perphos (Algiers) to manufacture phosphate fertilizers in Algeria. Engro said in a filing to the Karachi Stock Exchange last week...