Tiles & Ceramics
Atotal of 158.45 million square meters of tiles were produced in Iran during the first five months of the current Iranian year (March 21- Aug. 22) to register an increase of 4.4% compared with last year’s corresponding period.
Tile production during the fifth Iranian month (July 23-Aug. 22) stood at 33.98 million square meters, 0.9% more compared to the month before, Fars News Agency reported citing data from the Ministry of Industries, Mining, and Trade.
A total of 400 million square meters of tiles and ceramics were produced in the country last year (March 2018-19), over 100 million square meters of which were exported.
The nominal capacity of Iran's tile and ceramic industry rose from 500 million square meters in the fiscal March 2014-15 to 540 million square meters in the fiscal 2017-18.
Plans are underway to increase the figure to 700 million square meters by 2025.
About 80% of Iran’s tile and ceramics exports go to neighboring Iraq. Countries in East Asia and Africa are also customers of Iranian tile and ceramics.
The rapidly spreading coronavirus outbreak in South Korea is forcing airlines to cut more flights and leading to a downward revision in economic forecasts for the country, a major regional importer of crude and exporter of oil products and petrochemicals.
Lotte Chemical Titan, the Malaysian unit of South Korean petrochemical producer Lotte Chemical, will shut its No. 2 naphtha-fed steam cracker for a 45-day turnaround in March.
The value of Iran’s exports to the Eurasian Economic Union (EAEU)’s member states rose 72 percent during the first ten months of the current Iranian calendar year (March 21-December 21, 2019) compared to the same period of time in the past year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced.
Rio Tinto (NYSE, ASX:RIO) on Tuesday said its Mongolian copper mine project has submitted a feasibility study to the local government in its bid to secure domestically sourced power for the East Asian’s country’s biggest foreign investment project.
The trade turnover between Iran and Russia has followed an upward trend in the past two years despite the challenging external conditions, Tass reported, quoting Russian Deputy Foreign Minister Igor Morgulov.
During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed the trade of 622,349 tons of commodities valued at $880 million, the Public Relations and International Affairs Department of IME reported.