More Iranian investment

More Iranian investment
Published: 11 July 2005

Tehran Cement Co Managing Director Seyed Mohammad Atabak here Saturday said his company will invest 354.5 billion rials to boost the output. Briefing shareholders, he reiterated the need for an increase in the capital within Article 161 of the Trade Law Amendment. "Of the figure, 135.8 billion rials will be financed by banking facilities and the remaining 218.7 billion rials will be supplied by turnover," he added. The official added the company plans to preserve its market share, increase competitiveness, and develop the plant. He added the production projects will come on stream through replacing antiquated machinery, improving production process, and promoting machinery’s performance.