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Aluminum Plant Planned

In Lamerd

The Second Iran-China Auto Exhibition will feature Iranian automotive products in China’s third largest city of Tianjin from September 7 to 10.
Organizer of the event, Yan Jianlai, told IRNA that the exhibition aims to make industrialists from the two sides familiar with their latest achievements in automobile and spare parts industries, PressTV wrote.
Yan pointed to growing Tehran-Beijing relations and hoped for further upgrading of ties, particularly in the auto sector.

Describing Iran’s auto sector as advanced, he commended the use of robots in Iran’s automotive industry.
Yan said that until his visit to Iran, he believed that a country under US or European sanctions cannot progress. “However, after a trip to the Islamic Republic, I realized that the country’s auto industry is ahead of China’s as a result of efforts to become self-reliant.“

A conference is also scheduled on the sidelines of the event on September 9-10, in which Iranian auto industry experts and businessmen will provide an insight into the latest achievements of domestic carmakers.
Meanwhile, an accord has been signed with a consortium of Chinese companies to set up an aluminum plant in southern Iran.

The project contractor, Shahriar Taherpour told IRNA that the unit is projected to have an annual output of 276,000 tons of aluminum which would make it the largest aluminum smelter in Iran.
The contract specifies a four-year construction period at a cost of 850 million euros. About 85 percent of the sum would be extended as credit while the remainder would be made available in cash by shareholders, including the Iran Mining Industries Development and Renovation Organization, as well as Ghadir Investment Company, said Taherpour.

The project is expected to create 1,300 direct and more than 20,000 indirect jobs. “The Chinese contractors are expected to implement the project in four years and deliver it to us. The aluminum production unit would be established in Lamerd, south of Shiraz, Fars province,“ he concluded

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