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IRALCO’s Rising Stars Amid Aluminum Price Hike
IRALCO’s Rising Stars Amid Aluminum Price Hike
Monday, May 21, 2018

IRALCO’s Rising Stars Amid Aluminum Price Hike

Iran Aluminum Company sold 14.59 trillion rials ($347.55 million) worth of aluminum products during the last fiscal year (March 2017-18), up 25.69% year-on-year
IRALCO’s ingot exports grew 54.4% to reach 5.79 trillion rials ($138 million) during the year, 52% of which went to Turkey
Monday, May 21, 2018

IRALCO’s Rising Stars Amid Aluminum Price Hike

Things have changed dramatically for Iran's flagship aluminum producer in a year. Iran Aluminum Company has turned from a loss-making producer to a prosperous company with highly sought-after shares.
And not much has been done by the company itself to turn the tide. In fact, latest data show production and sales volume have slid year-on-year.
But what matters is that IRALCO has simply sold its goods for more, enough to convert a loss-ridden year into a profitable one.

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05/21/2018
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