IRAN NEWS ECONOMIC DESK

TEHRAN – Kenyan Ambassador to Tehran Benedict Lukorito Watamba paid a visit to the pavilion of Esfahan Steel Company (ESCO) in the 9th International Exhibition on Investment Opportunities in Iran’s Mines and Mines Industries which was held in Isfahan and during his visit called for cooperation with ESCO.

In the meeting with some ESCO officials, Watamba termed Iran an industrial and developed state, adding that due to the industrial capabilities of the Islamic Republic of Iran and rich mines in Kenya, both countries can increase their cooperation.

The diplomat added that Kenya is rich in having iron ore mines and expressed hope that Kenya would take advantage of Iran’s experience for construction of steel and mine extraction plants.

He also pointed to the good relation between Iran and African states and emphasized that African states especially Kenya have good relations with Iran.

On the steel products of Iran, he said according to information he has obtained, steel products of Iranian plants especially ESCO are high quality ones and expressed hope that these products would be used in construction industries, dam building and other industries of Kenya.

Meanwhile deputy head of the public relations of ESCO Mr. Majid Moradian, for his part, highlighted the process of production and quality of the products in ESCO and said ESCO, as the first long steel structure producing company in the West Asia, exports its products to five continents in the world.

He then pointed to the production of rails in ESCO and said the rails produced in the company are based on the international standards and they compete with their European rivals.

He then referred to the capabilities of experts of steel industry in Iran for investment and cooperation in the iron ore sector and construction of steel industries in Kenya. He then stipulated that he would convey Kenyan ambassador’s request to the senior officials of ESCO.

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IRAN NEWS ECONOMIC DESK

He further said that by reforming LF (ladle furnace) and convertors, steel production of the company will reach 3.6m.

He noted that merge of sale and purchase departments and launching commercial department for easing relation with providers and other the process had good results.

Yazdizadeh added that ESCO, once played key role in exploration and launching mines, has problem in providing its iron ore.

He added that good interactions with the psuppliers have eased concerns for fixing the price of coal.

Meanwhile head of commercial department of the company Dr. Nematollah Mohseni hailed the trade partners of the company who were present in the meeting and expressed hope results of such meetings would reveal soon.

He added that ESCO is now in touch with more than 15000suppliers of raw materials, spare part and equipment.

He added that suppliers have had good cooperation with the company despite cruel sanctions and its result was good records which were set by the company. He added that one of its result was production of 244,000 tons of cast iron last month.

He then pointed to the achievements of the company last year like winning the exemplary exporter of the year award, exporting more than 50 percent of its products to more than 20 countries as well as implementing project for cutting water consumption and pollution.

Mohseni reiterated that trade partners of the company play key role in the achievements of the organization and called them as arms of the company.

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