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Industry calls for specialized companies to invest Babylon cement plant
2015/10/20
Long-Presse / Baghdad
Called on the Ministry of Industry and Minerals, Tuesday, specialized investment companies and businessmen to participate in investment opportunities available public company's Southern Cement, and as pointed out that seeking through it to qualify Cement Babylon plant and the opening of new production lines, drawn to the need for investors take advantage of conditions new investment.
He said the media center at the ministry director Abdul Wahid Alwan al-Shammari, said in a statement, received (range Press), a copy of which, "The General Company for Southern Cement, seeking through investment and participation to qualify Cement Babylon of her and the development of plant contracts for new production and the introduction of modern technology lines and access to the target energy for the production of cement will contribute to bridging the Iraqi market need and support the physical movement in the country. "
He called al-Shammari, "all specialized in the field of cement industries, investors and business investment companies available to participate in the public company's Southern Cement investment opportunities."
He said al-Shammari, to "the importance of developing inflorescence industry in Iraq with the participation of the private sector where they are considered material inflorescence raw material for the production of bricks limestone and Althermiston in addition to the multiple uses of the other", calling for the need to "take advantage of new investment conditions, announced the Minister of Industry Mohammed Darraji to encourage companies and attract investors regarding the amendment Pmalg letter of guarantee and negotiate the number of employees and how to pay their salaries. "
It is said that the General Company for Southern Cement had previously signed a contract for the rehabilitation and operation of the cement Babylon plant in 2013 has not been activated, which led to its dissolution and its Abolition, in the face of the Minister of Industry to re-declaration of the lab to invest to allow the largest number of investors to participate in this opportunity and contribute to the lab run and the development of the cement industry in Iraq.
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