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 ...

Iran-Afghanistan Trade Corridors to Bear Fruit for Both India, China
A strategic deployment of trade corridors is taking shape...
EIB Casts Doubt on European Plan to Salvage Nuclear Deal
The European Investment Bank’s global operations would be put...
India Says Iran Economic Ties Not Affected by US Sanctions
Less than three weeks before the first wave of US sanctions...
MTN Halts Iran Fiber Optic Investment
South Africa’s MTN has halted collaborations with Iranian...
Think Tank Recommends Ways of Overcoming JCPOA Challenges Facing EU
European efforts to keep Iran in the nuclear deal (formally...
Majlis Think Tank Calls for  Regulating Cryptocurrency
The research arm of Iran's Parliament has conducted a study on...
Stocks Bow to Systematic Risks
Systematic risks have caught up with the Iranian stock markets...
Warning to Banks Withholding Customer Data
The Iranian National Tax Administration’s special prosecutor...