Iran's aluminum production capacity will increase by more than 60 percent this Iranian year (started March 21, 2019) compared to last year, based on country's Mine and Mining Industries Roadmap and the Ministry of Industry, Mine and Trade's four-year plan (2018-21).
Carmakers in South Korea said Saturday some of their assembly lines are still short of auto components as parts suppliers in China partially resumed operations this week amid no signs of the new coronavirus slowing.
Indian sugar production estimates for the 2019/20 season are unlikely to be revised upwards by much from 26 million tons, when the Indian Sugar Mills Association (ISMA) meets to review figures towards February-end, the trade body said on Tuesday.
Hyundai Motor Co. and its sister company Kia Motors Corp. said Tuesday they have suspended some of their assembly lines here due to shortages of parts from China amid the spreading coronavirus outbreak.
A total of 81,400 tons of red meat were produced in Iran’s officially registered slaughterhouses during the third quarter of the current Iranian year (September 23-December 21, 2019), registering a three-percent decline compared with the corresponding period the previous year, but a 5.7 percent increase over the preceding quarter (June 22-September 22, 2019), the Statistical Center of Iran reported.
Iran’s communications and information technology minister said four Iranian companies will produce two million mobile phones a year within the next two years to fill a gap created in the market as a result of the American sanctions.
Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) held a meeting on Saturday to discuss issues regarding the promotion of domestic production and removing barriers in the way of foreign trade.
The Russian Central Bank’s gold bullion stockpile continued its record growth this year, climbing to well over 2,600 tons, as the country continues its push to steer its international reserves away from the dollar.
US aviation company Boeing may cut production of the grounded 737 Max jet or temporarily stop making it after being told that its timetable for a return to the skies was not realistic, according to a published report Sunday.