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12/7/04

Iran's Al-Mahdi Aluminum Complex to be privatized

Tehran, Dec 6, IRNA -- Iran's aluminum production giant, Al-Mahdi Aluminum Complex, will be privatized, Deputy Industries Minister and Head of the Mines and Mineral Industries Development and Renovation Organization Mostafa Mo'azzenzadeh said in Tehran on Monday.

Addressing the inaugural session of National Seminar of Aluminum Industries, Mo'azzenzadeh said privatization of the aluminum industries would guarantee its further development.

Mo'azzenzadeh said Arak Complex and Jajarm Alomina Complex are the next on the privatization list.

Elsewhere in his remarks, the official said Iran's aluminum production stood at about 180,000 tons this year, showing a growth of 18 percent.

He said the output would hit a 200,000 tons record with the production of 110,000 tons of aluminum in Al-Mahdi Aluminum Complex of Bandar Abbas (Hormuzgan province) and to 120,000 tons in Arak aluminum production facility.

He added that the fourth five-year economic development plan (2005-10) envisions a production of 680,000 tons of aluminum a year, which is 2.5 times more than the present 230,000 tons figure.

... Payvand News - 12/7/04 ... --



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