40903
China Invests $2b in Aluminum Project
Economy, Business And Markets

China Invests $2b in Aluminum Project

Iranian Aluminum Company (Iralco) signed an investment agreement worth $2 billion with China Railway Group Limited in Tehran on Wednesday. “The project will be carried out in the second plant of Iralco in Kheirabad Industrial Town in Arak, the capital of Markazi Province. The plant is located near Arak International Airport and the trans-Iranian railroad,” Iralco’s managing director said in the signing ceremony, IRNA reported. Majid Pourattar also said the agreement includes the construction of a 350,000-ton smelter, one 500 MW power station and an anode project. “Kheirabad Industrial Town is expected to become a special economic zone in the not-too-distant future,” he said. Iralco is the first producer of aluminum in Iran. The plant was inaugurated in Arak in 1972. Its production stood at 180,000 tons in the last Iranian year (ended March 19, 2016), registering an over 9% growth compared to a year before.

Short URL : http://goo.gl/DIAQc0
  1. http://goo.gl/9uNn87
  • http://goo.gl/y9S7EH
  • http://goo.gl/kaVGkI
  • http://goo.gl/r7aBU1
  • http://goo.gl/k2pBoi

You can also read ...

FATF Gives Iran Until February to Complete Reforms
The international group that monitors money laundering...
Iran Private Sector Businesses Dispirited Over Economic Conditions - Report
A recent survey conducted by the Tehran Chamber of Commerce,...
Tehran Market: Gold Prices Move Toward Relative Calm
Gold prices are relatively stable according to the head of...
EU Mechanism for Iran Trade Pursues Long-Term Targets
France’s Foreign Ministry said on Thursday the creation of a...
UK Preserving Iran Humanitarian Trade in Face of US Sanctions
High-level meetings on Thursday and Friday in London were held...
Iran Government Expected to Change Currency Repatriation Rules
Iran's private sector remains steadfast in its opposition to...
Iran: Imports of Essential Goods Top $4.6 Billion (Mar-Sep 2018)
Over 9.13 million tons of essential goods worth $4.67 billion...
Tehran Stock Exchange's Main Index Registers 90% Growth Since March
The total value of traded shares in Tehran Stock Exchange...

Trending

Googleplus