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SALCO Phase 1 of Aluminum Plant to Start Soon

Metal News - Published on Wed, 13 Nov 2019

Image Source: salcocompany
Iranian SALCO aluminum smelter the city of Lamerd in the Southern tip of the Fars province and near the Persian Gulf will be partially opened in the upcoming weeks with an annual rate of 300,000 tonnes of aluminum output in prospect for the 1st phase of the giant project.

Five Iranian banks have provided finances of more than USD 1 billion for the first phase of the project where China Non-ferrous Metal Industry's Foreign Engineering and Construction Co has also been contributing. The project has been funded by the IMIDRO and Ghadir Investment Company, where Iran’s Social Security Organization and pension funds related to the armed forces are the main shareholders.

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Posted By : Arun Huidrom on Wed, 13 Nov 2019
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