Baku, Azerbaijan, Jan. 3
By Elnur Baghishov - Trend:
Three significant and strategic products have been nationalized in the Esfarayen Industrial Complex in Iran’s North Khorasan province, Javad Hajiyani, deputy director for engineering affairs at Esfarayen Industrial Complex, said in an interview with IRNA, Trend reports.
He said that with the nationalization of these three products, outflow of 20 million euros per year from Iran has been avoided. The three products will be presented at the first Iran national steel festival and exhibition to be held in Tehran Jan. 7-10, he noted.
These products are modern iron ore cutting mill, half coupling and work roll, he said.
Esfarayen Industrial Complex, by organizing many consortiums, has created opportunity to nationalize the steel sheets used in mining companies, he noted.
“As a manufacturer of many spare parts, Esfarayen Industrial Complex is capable of meeting the needs of oil and gas sector, power plants, shipbuilding, mechanical engineering, rail, mining and steel industries,” he said.