Managing Director of the Organization for Development and Renovation of Mines and Mining Industry Majid Tooklani said on Tuesday that Iran is constructing a cement factory with the capacity of one million ton in Servasul, Venezuela, IRNA reported.
He said the project a joint investment venture by Iran and Venezuel with 30 Iranian companies providing the host country with technical and engineering services.
"The first phase of the project is underway and the scond phase will begin within four months," Tooklani said.