Two Industrial Units Come on Stream in Ahvaz
First Vice President Es’haq Jahangiri inaugurated two industrial projects in the capital city of Khuzestan Province on Tuesday.
The newly-appointed Minister of Industries, Mining and Trade Reza Rahmani accompanied Jahangiri.
“The first project was a salt factory with a production capacity of 2,300 tons per year. Some 250 billion rials [$1.8 million] worth of investment have gone into the project which has been built over 24,000 square meters of land. This industrial unit has created 60 jobs,” Amir Hossein Nazari, the head of Khuzestan Industries, Mining and Trade Organization, said.
The second project inaugurated by the vice president was a factory that covers compressed wooden sheets with melamine or high gloss finish. The factory’s production capacity stands at 15 million square meters per year.
Some 15 billion rials ($108,000) have been invested in the project, constructed over 41,558 square meters of land. A total of 150 people are employed in this unit.
source: Financial Tribune
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
