Rawalpindi, Pakistan — Fauji Fertilizer Co. CEO Naeem Khalid Lodhi said the company has formed a consortium with foreign companies to invest at least $1.25 billion in a fertilizer plant in Africa, according to an interview with Bloomberg. While a site has not been announced, Lodhi hopes to begin construction in 18-24 months. Lodhi cited limited gas supplies in Pakistan as a reason for the move. Pakistan’s Fatima Group is involved in a plan to build a new nitrogen plant in Indiana.
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