Investing in Iranian cement production

Investing in Iranian cement production
29 January 2013

Iran’s Bank of Industry & Mine, a specialised government-owned bank which aims to increase economic growth through the development of the industry and mining sectors, has allotted around EUR400m to fund 15 cement projects over the past three years, IRNA News Agency has reported.

Latest figures on the cement sector show that Iran's cement output will reach 75Mt, by the end of current Iranian calendar year (19 March 2013), according to Deputy Iranian Industry, Mine, and Trade Minister, Vajiollah Jafari. Iran plans to increase its cement output up to 85Mt by the end of the next Iranian calendar year (beginning 19 March 2014), he added.

Cement production surpassed 49.14Mt in the first eight months of the current Iranian calendar year, which began on 20 March 2012, representing a six per cent YoY rise. Iran also exported over 9.38Mt of cement and clinker in the first eight months of the current year, 30 per cent above the same period of last year.

Around 8.3Mta of cement and 1.36Mt of clinker was exported during the said period with the Iraq, Central Asia, UAE and Afghanistan the main export destinations.

Published under Cement News