Iran industry Archives - Iran News Daily

Annual Export of Construction Materials Hits $7b: Industry Minister

reporter 1222 — Sat, 12 Sep 2020 05:20:57 +0000

TEHRAN (Iran News) – Iran’s minister of industry, mine and trade said the country earned nearly $7 billion from exports of various materials used in construction activities in the year ending March 19, 2020, adding that steel and cement contributed to the largest share of revenues gained from shipments.

Ja’far Serqini said on Thursday that Iran’s production of construction materials is nearly double the domestic demand, adding that producers keep tapping into various markets inside and outside the region to find customers for their high-quality products, Press TV reported.

“Today, our country is a major exporter of steel in the region and a leading exporter of cement in the world,” said Serqini, adding that Iran has increased its supply of glass, tile and ceramics to foreign customers in recent years.

The minister said that construction materials accounted for 70 percent of total exports of $10 billion from Iran’s mining industry over the past year.

Iran’s massive mining and metals sector has expanded in recent years, mainly because sanctions imposed by the US on the country’s direct sale of crude have led to more activity across the sector.

The government has also raised tariffs on exports of raw minerals as it seeks increased local production for finished products.

That comes despite a decision by Washington in May 2019 to introduce a series of comprehensive bans on Iran’s trade of metals.

However, the bans have largely failed to disrupt the export of products like steel and copper, as customers find them increasingly competitive compared to regional and international rivals.

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Workers of auto part manufacturing re-employed

reporter 1222 — Sat, 11 Jan 2020 12:49:37 +0000

TEHRAN (Iran News) – The secretary of Iranian Auto Parts Makers Association said 40,000 workers who were dismissed by the country’s auto parts manufacturing have been re-employed following a boom in the auto industry, ISNA reported on Saturday.

Maziar Beyglou noted that if the current production trend continues, “we will expect an increase in the automotive industry’s production next year.”

Mentioning the industry ministry’s strategies for promoting domestic production, Beyglou said: “Following the current policies, we will see the production of a number of new vehicles from domestic automakers in the coming years.”

Domestic parts suppliers are able to play a key role in creating a boom in the country’s manufacturing and employment industries, in addition to playing their leading role as the auto industry’s intermediates, he stressed.

Beyglou pointed to relying on foreign sources, as the main reason for the decline in the country’s car production after the re-imposition of the U.S. sanctions, saying “With the new policies adopted, if we provide funding for the country’s auto parts industry, we will definitely witness the production of high-quality and up-to-date vehicles by domestic manufacturers.”

In mid-May 2019, the Iranian Industry, Mining and Trade Minister Reza Rahmani issued a directive on “strengthening domestic manufacturing of imported auto parts”.

Addressing two of his deputies, Farshad Moqimi, deputy for industrial affairs, and Mohammad-Baqer Ali, the board chairman of Iran’s Industrial Development and Renovation Organization (IDRO), the minister put emphasis on using the highest potential of human resources for strengthening domestic manufacturing of auto parts which are currently imported to the country.

Also in December 2019, the Specialized Manufactures of Auto Parts Association announced that Iranian carmakers have prepared some incentive packages to encourage investment making by the auto parts manufacturers.

Given that 1.25 million vehicles have been anticipated to be manufactured in the country during the current Iranian calendar year (ends on March 19, 2020), the part manufacturers need 150 trillion rials of working capital (about $3.571 billion) for the purchase of raw materials and other required items.

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Iran Expects UNIDO Participation in industrial projects

reporter 1222 — Mon, 04 Nov 2019 12:02:10 +0000

TEHRAN (Iran News) – Deputy Minister of Industry, Mine and Trade of Iran Barat Ghobadian said that Iran expects UNIDO to fulfill its responsibility for the industrial development of UN members and to actively participate in Iran’s industrial development projects.

He made the remarks on Monday at the 18th session of the General Conference of the UN Industrial Development Organization (UNIDO) which started in Abu Dhabi, United Arab Emirates (UAE) on 3 November.

Iran has many capabilities and capacities in various sectors including human resources, natural resources, and infrastructure, he said.

One of Iran’s main goals is to help domestic companies in different industries to collaborate with international companies and organizations for technology exchange, he mentioned, adding that Iran is ready to cooperate with other developing countries in the industrial, technical and engineering sectors.

Ghobadian noted that industry is one of the most important sectors of the economy as well as the basis of growth and development of any country, emphasizing that it is impossible to achieve economic development without achieving industrial development first.

Referring to the eagerness of foreign companies and investors after the Joint Comprehensive Plan of Action (JCPOA) to cooperate with Iranian Industrial companies, he said that unfortunately, the opportunities were affected by US illegal behavior and unilateral actions against Iran.

The unilateral withdrawal of the US from JCPOA and re-imposition of illegal sanctions against Iran have had a devastating effect on foreign investment in Iran’s industrial sector, he added.

Accordingly, Iran expects UNIDO to completely fulfill its responsibility for the industrial development of the UN members, including Iran, Ghobadian mentioned.

The General Conference is UNIDO’s supreme policy-making organ where all member states meet once every two years. It determines the guiding principles and policies of the Organization and approves the budget and work program of the United Nations Industrial Development Organization (UNIDO).

Iranian delegation consisting of ambassador to the IAEA, Kazem Gharib-Abadi, Deputy Minister of Industry, Mine and Trade Barat Ghobadian, and Director General of the Office for Industrial Property at the Ministry of Industry, Mines and Trade Seyyed Mehdi Mirsalihi participated at the 18th session of the General Conference of UNIDO.

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Persian Gulf Star Refinery Euro-5 diesel output reaches 20ml/d

reporter 1222 — Thu, 24 Oct 2019 09:34:02 +0000

TEHRAN (Iran News) – The CEO of the Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery-PGSR) said the facility currently supplies an average of 17 to 20 million liters per day of Euro-5 diesel fuel.

Mohammad Ali Dadvar said the plant is now processing 450,000 barrels of gas condensate, adding the refinery supplies 47 ml/d of Euro-5 diesel.

He said each phase of the plant operates at 150,000 b/d of processing capacity, adding that by optimizing processes in the facility, the plant’s daily production capacity has reached 90,000 b/d.

Plans are underway to add another 90,000 b/d to the refinery’s capacity by the end of the current calendar year to March 20, he added.

Dadvar further said that the naphtha output of the facility is at an average of 40 to 50,000 b/d which is consumed by Arak and Tabriz petrochemical plants.

According to him, over $300 million worth of oil products of the refinery was exported overseas in the past Iranian calendar year (ended March 20, 2019), Dadvar stated.

Turning Islamic Republic of Iran from gasoline importer into potential exporter of this strategic product has been one of the salient achievements behind inauguration of third stage of the Persian Gulf Star Refinery in the last year (ended March 20, 2019), he stressed.

As the largest gas condensate production refinery in the world, Persian Gulf Star Refinery is located on western angle of Bandar Abbas Refinery, he said, adding, “production capacity of this refinery stands at 360,000 barrels of gas condensates.”

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