9718
Clinker Production to Resume
Economy, Business And Markets

Clinker Production to Resume

Cement factories will resume production of clinker as of February 13, ILNA cited the secretary of Iran’s Cement Industry Employers Association as saying on Saturday.
Abdol-Reza Sheikhan said based on the agreement with the oil ministry, which was enforced on January 14, the production of clinker was discontinued for a month, with the aim of helping cement factories get rid of extra costs they bear for natural gas and mazut during the winter.  
Sheikhan said the clinker factories’ inventories had been so full that any further production could lead to reduced quality. The move has also been assessed as good leverage for regulating the cement market. The abundant production of clinker in recent months and the consequent production of cement triggered a negative competition among cement producers in a way that they supplied the material below market prices.
The secretary praised the oil ministry for its close cooperation, saying since mid-summer, cement producers have been buying mazut from the ministry on credit.
Based on the agreement, the oil ministry is providing the cement industry with mazut, which is priced 2,500 rials per liter, while charging them the price of natural gas which is 1,210 rials per liter. The move will also enable the oil ministry to deliver natural gas to other industrial sectors as well as to household consumers in a more efficient manner, especially during the winter when natural gas consumption reaches its climax.

 

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

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Two-Month Auto Parts Import Bill: $468m
Iran’s auto parts import bill for the first two months of the...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
IRIR Unveils Suburban Rail Expansion Plans
The Islamic Republic of Iran Railways plans to expand suburban...

Trending

Googleplus