18372
Turkish Investment  for Ferrochrome Project
Economy, Business And Markets

Turkish Investment for Ferrochrome Project

The Turkish holding company Yildirim has offered to invest in ferrochrome mining projects in Iran, announced the ministry of industry, mine and trade.
"Turkey is the fourth biggest producer of ferrochrome. We have already implemented projects in Russia and Kazakhstan. Now we are willing to enter Iran's market," Mehr News Agency quoted president and the CEO of Yildirim Group, Robert Yuksel Yildirim, as saying.
He added that working in Iran's ferrochrome market can be a good starting point for further mining cooperation. The holding company is willing to sign a 10-year contract with Iran to either buy ferrochrome or buy mines and production facilities.
Currently, the only ferrochrome production facility in Iran is operating in the northeastern city of Sabzevar, while a factory is being constructed in the southern port city of Bandar Abbas in a joint venture with the Chinese.
Ferrochrome is produced through concentrating, pelletizing and sintering chromium ore. It is an alloy of chromium and iron containing between 50% and 70% chromium. The alloy is mainly used in producing stainless steel and alloys with high abrasion resistance.
The Turkish holding company has also expressed interest to in other mineral sectors, including potassium, phosphate, fertilizers, and mineral machinery and equipment.

 

Short URL : http://goo.gl/S4LgZO

You can also read ...

Asian and European economic support for Iran offers the potential to improve existing alternative international trade links and develop new links.
While American President Donald Trump has withdrawn from the...
1st USD Rate Hike After Unification
For the first time after the government decided to unify the...
Uber Chief Product Officer to Leave
Uber Technologies Chief Product Officer Jeff Holden is leaving...
Tesla Model 3
Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for...
The number of foreign students enrolled in Iranian universities increased by 19% in the last Iranian year (ended March 20, 2018) compared to the year before.
Currently, some 55,000 foreign students are studying in...
Iranians’ per capita honey consumption is 1 kilogram per year, while it is around 200 grams in other countries.
Iran has made noticeable progress in honey production, as it...
Efforts Underway to Unblock Iranian Accounts in Georgia
Efforts are underway to unblock some bank accounts belonging...
HSA is aimed at promoting homeownership among young couples.
The idea of tapping into the reserves of the National...

Trending

Googleplus