Jahangiri Inaugurates Kaveh Aluminum Company
Jahangiri Inaugurates Kaveh Aluminum Company

Jahangiri Inaugurates Kaveh Aluminum Company

Jahangiri Inaugurates Kaveh Aluminum Company

Khuzestan Kaveh Aluminium Company was inaugurated by First Vice President Esh’aq Jahangiri on Tuesday. Located in Masjed Soleyman County of Khuzestan Province, KALCO is capable of producing 11,000 tons of aluminum sections every year, IRNA reported. The project, which was started in the fiscal 2015-16, has now been completed with a 3.63-trillion-rial ($86.42 million) investment, creating more than 600 direct and indirect jobs in the process. Iran is planning to become a net exporter of aluminum from 2019, Iranian Mines and Mining Industries Development and Renovation Organization announced. The country will add 350,000 tons of new production capacity by January 2019 to reach 800,000 tons per year.

Short URL : https://goo.gl/rFH1HT
  1. https://goo.gl/7fjkt9
  • https://goo.gl/1GB5uK
  • https://goo.gl/wHwQDY
  • https://goo.gl/v55WRM
  • https://goo.gl/YSgSZv

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...

Add new comment

Read our comment policy before posting your viewpoints