Iran to invest in Syria,Venezuela cement plants

Iranmania, courtesy of Rantburg.com:

Iran’s Industrial Development and Renovation Organization (IDRO) is planning to implement two major cement projects in Syria and Venezuela, said a senior IDRO official on Wednesday.

Abbas Shoufi, the organization’s director for cement affairs, put the production capacity of each of these projects at 1 mln tons per annum. He told ILNA that IDRO will invest $197 mln in the Homam project in Syria and $200 mln in the Venezuelan project. The official further noted that the organization has received offers from Tunisia, Afghanistan and Iraq for cooperation in the sector, stressing that IDRO affiliates produce five million tons of cement per annum. ...

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