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Industry

  • EghtesadOnline: The import of cheap and low-quality footwear has caused serious damage to domestic shoe industry, says Ali Lashgari, a board member of Iran’s Chamber of Commerce, Industries, Mines and Agriculture.

  • EghtesadOnline: The procurement of raw materials and key components in Iran’s auto parts manufacturing sector has been beleaguered by US sanctions, an industry insider said.

  • EghtesadOnline: The National Iranian Copper Industries Company and its subsidiaries, Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced 108,367 tons of copper concentrate during the first month of the current fiscal year (ended April 20), up 5.31% compared with the same period of last year.

  • EghtesadOnline: Every year, hundreds of millions of people travel abroad to experience a new culture and enjoy the sun, the beach, the mountains, or famous art and architecture. However, another type of unconventional but highly coveted tourism has recently gained popularity: medical tourism. And that is, travelling to another country to visit its m monuments, beaches and also fix anything they may need to be fixed.

  • EghtesadOnline: Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers.

  • EghtesadOnline: The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced an aggregate of 355,612 tons of copper anode in the last fiscal year (March 2020-21), posting a growth of 17% compared with last year’s similar period.

  • EghtesadOnline: The number desalination plants in southern Hormozgan Province has increased threefold in the past six years, but such development projects should be given higher priority as water scarcity looms in the province, managing director of the Hormozgan Water and Wastewater Company said.

  • EghtesadOnline: Home appliance industry turnover, including chinaware and crystal glassware, amounts to a maximum $7 billion, of which $2 billion are attributed to smuggling, says Abbas Hashemi, secretary of the Association of the Industries of Household Appliances of Iran.

  • 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.