Iranian rolling stock manufacturer, Wagon Pars Company, built 290 freight and seven passenger wagons in the last Iranian year (March 2018-19) at a cost of 812 billion rials ($6 million), the company’s CEO said.
“We have also begun the construction of 533 more wagons this year, 500 of which will be cargo cars and the remaining 33 will be passenger cars,” Mohammad Reza Bakhtiari was also quoted as saying by IRNA.
According to the official, Wagon Pars has the capacity to build 150 passenger and 1,000 cargo wagons per year.
Wagon Pars, launched in 1974 in the city of Arak in Markazi Province, is a subsidiary of the Industrial Development and Renovation Organization of Iran and the largest manufacturer of freight, passenger and subway wagons in the Middle East.
Public sector steel maker Neelachal Ispat Nigam Ltd (NINL) has been finally made to bite the bullet. The steel plant co-promoted by trading company MMTC Ltd and two Odisha government controlled undertakings- Odisha Mining Corporation (OMC) and Ipicol, has gone for a shutdown of its blast furnace at its Duburi plant in Odisha’s Kalinganagar industrial complex.
Some 820 new production units went operational in industrial parks across the country during the first three months of the current Iranian calendar year (March 21–June 21), IRIB reported, quoting deputy director of the Iran Small Industries and Industrial Parks Organization (ISIPO) as saying.
Iran produces 810 million cubic meters (mcm) of natural gas per day, announced a director of the National Iranian Gas Company (NIGC).
Production of paper and cardboard in Iran rose four percent during the first four months of the current Iranian calendar year (March 21-July 22) compared to the same period of time in the previous year, Tasnim news agency reported on Saturday, quoting Deputy Industry Minister Farshad Moqimi as saying.
Iran is ready to expand economic cooperation with all neighboring countries, especially with the Caspian Sea littoral states, deputy industry minister Mohammad-Baqer Ali said in the first Caspian Economic Forum which was held in Turkmenistan’s Avaza on August 11-12.
US tungsten carbide scrap prices fell to the lowest level in more than a decade amid a decline in ammonium paratungstate (APT) prices and historically large volumes of virgin and scrap tungsten carbide inventory.