Polymer Exports Earn $1.5 Billion

Five million tons of polymers and plastics are produced in Iran annually half of which is exported generating $1.5 billion, Barmak Qanbarpour, a member of the board of directors of Iran National Plastic and Polymer Industries Association said.
“A glance at permits issued by the Ministry of Industry, Mine and Trade suggests polymer production capacity is north of 20 million tons but hardly 25% of the capacity is in use,” ISNA quoted him as saying.
“After the US imposed new economic sanctions companies cut production and some downed shutters,” Qanbarpour added, hoping that the obstacles would be removed soon and the polymer and plastic industries get back to normalcy.