September 08, 2018 18:57

Left to Their Own Devices

Ali Shirdelian

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Domestic Economy Desk

The four-day International Exhibition of Floorings, Moquette, Machine-Made Carpet and Related Industries ends today

Mohammad Mehdi Mobasher, managing director of Pardis Baft Yazd Co.: Most moquette producers are operating below capacity due to lack of raw materials and profit margins are of the descending order amid market recession and the systemic decline in purchasi

Iran's machine-made carpet, moquette and flooring industry depends largely on imported raw materials and machinery.
Given the worsening state of the economy, chaotic currency market and unstable financial and banking regulations, producers are dealing with multiple challenges originating both from inside and outside the country. The future of the industry, at best, seems gloomy and companies, more than ever before, seem to be left to their own devices.

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