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Industry entered into a contract at a cost of 95 billion dinars
On: Wed, 29/12/2011 7:43
□ Baghdad / economic-term follow-up
announced the Ministry of Industry and Minerals yesterday announced it has signed a contract with a Turkish company for the rehabilitation of steel plant and engineering services at a total cost of 95 billion dinars, saying that the power plant of 500 thousand tons per year. The director of the company Fendi Messenger Kassem said in a statement issued yesterday, said that "the General Company for Iron and Steel has signed a contract with Premier for the rehabilitation of Turkish steel plant and engineering services by installing modern equipment and advanced technology,"
Noting that "the total project cost of $ 95 billion dinars," he said Fendi that "the period for completion of the rehabilitation process of 20 months in addition to year of operations," noting that "factory specializes in production of steel blocks of square measure (150,120,100,80 mm) and long (6 meters) of steel the average carbon and an annual capacity of 500 thousand tons a year. "
He Fendi that "the lab will also melt the scrap iron, the carbon from the iron sponge," pointing out that "the lab includes sections other service categories such as refractories for the realization of building thermal Boadeg , in addition to units maintaining electrical and mechanical parts of the plant different. "
The Fendi that "the plant will also produce wire reinforcing and sections iron various iron pipes welded spiral."
said Industry Minister Ahmad Nasser Daly Karbouli "Alsumaria News", during the month of March, "The investment allocations of the Ministry for the current year 2011, amounted to $ 600 million is not enough for the rehabilitation and development laboratories in the ministry," noting that "the Iron and Steel Plant in Basra and only needs three billion and 200 thousand dollars for the rehabilitation and development."
and signed the Ministry of Industry contracts During the years 2009 and 2010, with international companies to develop their companies, has signed with the French firm Technip to develop industry Alaptrkimaoyat in Iraq, and another contract with the company Avaz for the rehabilitation and development laboratory cement Karbala and Sinjar, in addition to joint cooperation between the General Company for the automotive industry in Alexandria and France's Renault and Scania bus assembly, as well as the signing of contracts with Chinese and Iranian for the production of small cars.
Most of the companies and laboratories of the Ministry of Industry and Minerals stopped production because of looting and vandalism of their companies and laboratories, which occurred after the entry of U.S. troops to Iraq in 2003.
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