China Sinoma International Engineering Co., Ltd announces that its subsidiary recently signed a contract with Iranian Neyriz Grey Cement Company.
The Chinese side is a combination between Chengdu Design & Research Institute of Building Materials Industry Co., Ltd. (CDI) and China National Technical Import & Export Corporation. According to their joint agreements, CDI is to take on the engineering design, partial FOB (free on board) equipment supply, test, technology service, and issuance of advance payment guarantee and performance guarantee about a cement clinker production line in Neyriz City, Fars Province, Iran, with a daily output of 3,300t.
The Iranian government plans to build 1.5 million new apartments around the country in the near future, 100,000 of which are to be in Fars Province. With the projects in Iran’s fourth Five-Year Plan like highway, railway, and dams starting construction, the market demand for cement and steel products will surge, so
the Neyriz cement plant is expected to generate a huge profit.