21133
Construction Material Industrialists Air Grievances
Economy, Business And Markets

Construction Material Industrialists Air Grievances

The producers of concrete and metal building products are operating at only 30% of their capacities, while 10% have been forced to close down in the last Iranian year (ended March 20), according to industry sources.
Chairman of the Association of Producers and Suppliers of Concrete and Metal Building Product, Hossein Akbar says the construction material sector has been hit by recession and by imports from China and Russia, ISNA reported.  
“The export level is not satisfactory either, with domestic manufacturers exporting only to Central Asian countries, Afghanistan and Iraq,” he added.
He also noted that the sector has been burdened by high fuel prices since the government stopped payment of fuel subsidies to manufacturers of concrete and metal products.
The official also criticized the imposition of high taxes on manufacturers, observing that presently taxes are calculated based on the companies’ previous year’s performance rather than their current earnings.
Concrete paving blocks, curbs and Jersey barriers are among concrete products manufactured domestically. Steel, cement and concrete producers have suffered from an unprecedented downturn in the housing and construction sector over the past few years, which has lead to a sharp decline in demand for construction material.

 

Short URL : http://goo.gl/cxVP9D

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...

Trending

Googleplus