Tehran, Iran, April 23
By Kamyar Eghbalnejad – Trend:
Iran Alumina Company is planning to add 40,000 tons to the country’s annual production capacity by October.
The head of the company, Touraj Zare, has said that the construction process of the first phase of its factory in Jajarm city has been completed by 86 percent and it is expected to come on stream by October.
According to the official, about 124 million euro has been invested in the project.
About 340,000 tons of aluminum ingots were produced in Iran in the last fiscal year (ended March 2018), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
The country’s three leading companies - Iranian Aluminium Company (IRALCO), Al-Mahdi Aluminum Corporation (AAC) and Hormozal - produced 337,608 tons of aluminum ingots in the 12-month period, which is 1 percent less year-on-year.
Meanwhile, Iran’s annual aluminum demand stands at about 500,000 tons.
Iran’s aluminum ingot production capacity stands at 487,000 tons per year. The figure is planned to reach 780,000 tons by 2020 and 1.2 million tons by 2025.
Over 240,167 tons of alumina powder was also produced in the country during the 12-month period, according to the report.
The figure indicates a rise by 2 percent year-on-year.