An ambitious project was inaugurated at South Aluminum Corporation (SALCO), located in the city of Lamerd, Fars Province, on Thursday.
The project will boost Iran’s aluminum production capacity to 785,000 tons per year, once all its development phases come on stream, according to Minister of Industries, Mining and Trade Reza Rahmani, Fars News Agency reported.
“The factory has a price tag of over $1.2 billion,” he said at the inaugural ceremony.
"Cutting-edge technology has been incorporated into the project and the development of the project is in line with environmental concerns. Once fully operational, SALCO will create 6,500 direct and indirect jobs.”
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