EghtesadOnline: A total of $75 million worth of furniture were exported during the last Iranian year (March 2019-20), registering a whopping rise of 290% compared with the previous year, according to the head of Furniture Manufacturers and Exporters Union.
EghtesadOnline: The Ministry of Industries, Mining and Trade has prohibited exports of facemasks, less than a week after it gave the green light to manufacturers to ship their surplus output to the foreign markets.
EghtesadOnline: Manufacturers of carbonated soft drinks in Iran have witnessed a 30-40% decline in production in the current Iranian year (started March 20) over the shutdown of restaurants, ceremony halls and fast food outlets, in the wake of the coronavirus outbreak.
EghtesadOnline: An estimated 800 companies active in manufacturing oil/gas equipment are facing insolvency due to the huge economic impact of the coronavirus, head of the Iranian Oil Equipment Manufacturers' Association said.
EghtesadOnline: Major Iranian auto parts manufacturers have recently signed a contract worth 12 trillion rials (over $100 million) with 32 local SMEs as part of a push to provide some relief to the country’s auto industries that have been hard-pressed by US sanctions.