TEHRAN, Iran, June 7
Trend:
The CEO of Iran's Esfarayen Industrial Complex (EICO) Ali Malek announced that since 2007, the development plan of this complex has been implemented by an investment of 91 million euros and $26 million.
“Despite the financial constraints and sanctions, the current administration has put the main casting parts of the complex into the operation,” Malek said, Trend reports citing IRNA.
“The development plan of Esfarayen Industrial Complex includes section smelting with a capacity of 6,000 tons, diameter conversion section of various steel grades, light and heavy heat treatment section with a capacity of 17,000 tons, and continuous casting with a capacity of 438,000 tons,” he said.
He said that the continuous casting section was finalized by the end of last Iranian year (ended on March 21).
He announced the increase in speed in production and product integration, reduction of waste and high work efficiency and the use of the power of domestic experts as the advantages of this sector.