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Industry

  • EghtesadOnline: The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced 292,715 tons of copper anode during the first 10 months of the current Iranian year (March 20-Jan. 19), unchanged compared with last year’s corresponding period.

  • EghtesadOnline: Iran currently imports close to $100 million worth of raw materials, spare parts and equipment to manufacture elevators per year, which is half the amount imported in the fiscal 2018-19, according to the head of the National Elevators, Escalators and Related Services Union.

  • EghtesadOnline: Problems related to the supply of livestock and poultry feed have not yet been solved, Majid Movafeq Qadirli, the head of Iran Feed Industry Association said.

  • Bitumen prices started 2020 with an unprecedented increase: the product was trading around $340-345/t in January. Many political incidents including the Middle East tensions supported the elevated bitumen prices in January and February.

  • EghtesadOnline: High prices of livestock feed, low ceiling for egg prices set by the government and hefty export duties are adversely impacting egg production industry.

  • EghtesadOnline: Critical issues facing private sector players of trucking industry are mostly structural and existed even before the outbreak of Covid-19.

  • EghtesadOnline: Despite difficulties including geostrategic challenges and the recent coronavirus pandemic, Iran has made noticeable progress in its energy sector.

  • EghtesadOnline: The Energy Ministry started 250 power and water projects in this fiscal year (March 2020-2021) with $1.7 billion. So far 122 projects costing $1 billion have been completed, including water transfer from the Persian Gulf, the energy minister said.

  • EghtesadOnline: An agreement has been signed between the Ministry of Industries, Mining and Trade, Bank of Industry and Mine, and Mining Investment Insurance Corporation (MICO), based on which loans worth 6 trillion rials ($20 million) will be extended to help revive inactive mines across Iran.

  • EghtesadOnline: Petrochemical companies in Iran produced 30 million tons in the last fiscal that ended in March, of which 22 million tons were sold in global markets, managing director of National Petrochemical Company said.