Iran international aluminium conference 2012
Merger Agreement between Hormozal and Almahdi Reduced costs
Edited by : AL CIRCLE
1 min read
The merger agreement signed between two of Iran’s biggest aluminium producers on the 19th of December 2010 with the aim to reduce costs was a success says Akbar Golkar CEO of Almahdi Aluminium Co.
Almahdi and Hormozal have the capacity to produce 110000 and 145000 tpy of aluminium respectfully.
Golkars aluminium view predicts that Iran’s aluminium production will need more attention in order to reach the goal of producing 1.5 million tons in 15 years time. Iran’s steel, aluminium & copper production capacity saw 93 percent, 90 percent & 26 percent increase in the past six year. In the same period of time aluminium capacity had a 207000 ton increase. Regarding this fact, the capacity of this strategic metal reached 437000 tons at the end of 2011 from 230000 tons six year earlier. Irans aluminium production reached 340000tons in 2011.
Hormozal’s Construction plan and Iralco’s Capacity increase are the two main reasons for the increase in production. The vast increase in capacity highlights Iran as a superior investing market in the field of aluminium.
Almahdi and Hormozal have the capacity to produce 110000 and 145000 tpy of aluminium respectfully.
Golkars aluminium view predicts that Iran’s aluminium production will need more attention in order to reach the goal of producing 1.5 million tons in 15 years time. Iran’s steel, aluminium & copper production capacity saw 93 percent, 90 percent & 26 percent increase in the past six year. In the same period of time aluminium capacity had a 207000 ton increase. Regarding this fact, the capacity of this strategic metal reached 437000 tons at the end of 2011 from 230000 tons six year earlier. Irans aluminium production reached 340000tons in 2011.
Hormozal’s Construction plan and Iralco’s Capacity increase are the two main reasons for the increase in production. The vast increase in capacity highlights Iran as a superior investing market in the field of aluminium.
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