Iraq Cement Company achieves IQD16bn profit

Iraq Cement Company achieves IQD16bn profit
Published: 01 December 2011

Aswat Aliraq reported that the Iraqi Cement Company has achieved  IQD16bn (US$13.7m) profit with operations from just three of it four cement plants.



Mr Nasser al Madani spokesman for the company’s director general said that: "A major success has been achieved by the Ministry of Industry & Minerals and the Iraqi Cement Company after assigning its cement plants for investment according to the principle of partnership, to step up productive results and to support and develop the private sector."



Mr Madani said that the company had achieved more than  IQD16bn profits by its invested plants following the achieving of necessary electric power to continue its commissioning and productivity.