News ID: 256247
Published: 0339 GMT July 23, 2019

South Aluminum Company to come on stream by mid-March

South Aluminum Company to come on stream by mid-March

South Aluminum Company of Fars Province will meet 40 percent of Iran’s aluminum ingot needs as the company is to be launched by mid-March 2020.

Announcing the above on Tuesday, Khodadad Gharibpour, the managing director of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said that the $1.2-billion project will provide about 2,000 direct job opportunities, reported shatanews.ir.

The official put the annual production capacity of the company at 300,000 tons, saying that 600,000 tons of alumina powder will be produced by the company annually.

Iran produced 276,575 tons of aluminum in the year to March 20, according to figures by IMIDRO.

Of this figure, 53 percent pertained to Iranian Aluminum Company (IRALCO), in the central province of Markazi, and the rest to Almahdi and Hormozal aluminum companies, both located in the southern Iranian province of Hormouzgan.

In this period, IRALCO, Hormozal and Almahdi each produced 146,454 tons, 77,326 tons and 52,795 tons of aluminum, respectively. 

In addition, in the same time span, IRALCO’s aluminum billet production reached 13,666 tons.

Iran is the world’s 18th largest aluminum producer and plans to increase its annual aluminum billet output to 1.5 million tons by 2025. 

In addition, Iran Alumina Company in the northeastern province of North Khorasan produced 237,563 tons of alumina powder, 719,537 tons of bauxite, and 404,165 tons of aluminum hydroxide in the year to March 20.

Iran plans to raise its annual aluminum production capacity to 800,000 tons by 2021.

Earlier, IMIDRO announced that Iran exported minerals and mining industry products valued at $9.22 billion in the year to March 20, of which $178 million (4,920 tons) pertained to domestic aluminum production chain.

In the same duration, the country imported 3,109 tons of aluminum products worth $6.21 million.

During the same period, Iran exported 22 tons of aluminum powder valued at $16,000.

This comes as the product’s imports stood at 9,312 tons worth $6.17 million in this time span.

Exports by the domestic mining sector in the same 12-month period to March 20, accounted for 49 percent and 21 percent of the country’s total non-oil exports in terms of weight and value, respectively.

 

   
KeyWords
 
Comments
Comment
Name:
Email:
Comment:
Security Key:
Captcha refresh
Page Generated in 2/4609 sec