The average price of each square meter of a residential unit in Tehran stood at 100.6 million rials ($76.8) in the 11th Iranian month (Jan. 21-Feb. 19), showing a 3% rise compared with the preceding month and an 86% increase compared with the same month of last year.
The latest figures were released by the Planning and Housing Economy Office of the Ministry of Roads and Urban Development, HIBNA, the news portal of Bank Maskan, reported.
The data also show the number of home sales in Tehran increased by 40% in the same period compared with the preceding month to stand at 8,000 deals.
Home sales were down by 50% in the period compared with the same month of last year.
Scania is investing about SEK 1.5 billion in a new foundry in Södertälje, Sweden, in order to triple production capacity and achieve a 50 percent reduction in energy consumption compared to the technology and methods used in the current foundry. Through more efficient materials handling and recycling, a sharp reduction will also be achieved in the transport need per manufactured unit.
Kennametal Inc., Pittsburgh, Pennsylvania, USA, has formed a new Additive Manufacturing materials and production business unit, Kennametal Additive Manufacturing, as part of its Infrastructure segment. The new business unit, which has reportedly begun shipping production parts to customers, combines the company’s experience in materials science and wear-resistant solutions with its AM capabilities to supply high-performance metal powders and finished AM parts for wear, erosion, corrosion, and high temperature applications.
According to a recent report, CVG Bauxilum, Venezuela state-owned bauxite and alumina producer, has suspended its bauxite and alumina production due to a lack of imported materials, stable power supply, and mismanagement.
Venezuelan state-owned Bauxilum has suspended bauxite and alumina production, the latest casualty of unstable power supply, mismanagement and a lack of imported materials.
Toronto-based Avalon Advanced Materials (TSX: AVL) signed a binding Letter of Intent with Coal Strategy Advisors (CSA) to earn up to a 50% interest in the Will Scarlett rare earths recovery project, located near Marion, Illinois.
The trial conducted by 25-year-old Akshay Singhal on his electric car Mahindra e2o Plus to run on water and aluminium had done several round ups on the internet last year, and now its receipt of a $3.5 million funding is drawing attention. The news came on Monday, October 21, when the company Log 9 Materials announced that it received the funding in Series A round led by Exfinity Venture Partners and Sequoia Capital India’s accelerator programme Surge.