Iranian textile industry suffering from irregular petrochemical exports
Baku, Azerbaijan, May 21
By Fatih Karimov - Trend:
The Iranian textile industry is suffering from irregular petrochemical exports.
Alimardan Sheibani, Deputy Director of the Association of Iranian Textile Industries, said many petrochemical companies are disinclined to supply their products, which are needed for textile industry, on the mercantile exchange and they prefer to export the products in large quantities, Iran's Tasnim news agency reported on May 21.
"In the past, we used to import raw materials from South Korea, Saudi Arabia, and some European countries, but since the country has been self-sufficient in producing polypropylene granules, there is no need to import such products, he explained.
"Unfortunately, domestic petrochemical units prefer exporting their products to supplying them on the mercantile exchange."
On December 22, Secretary of the Association of Iranian Textile Industries Alireza Haeri said that each textile unit of Iran's textile industry should boost its liquidity 13 folds in order to be able to continue operation.
The national textile industry has been grappling with liquidity deficit after the international sanctions hit the country's banking system, he added.
In October 2012, Iranian industry ministry official Mehdi Eslampanah said that regional countries as well as the South America are the main targets for Iranian textile products.
More than 9,770 industrial units are working in different fields in this regard including textile, clothing, leather and shoes, according to reports.