Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) owns 49 percent of the Kuwaiti company’s share

Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) owns 49 percent of the Kuwaiti company’s share

The company was built in 21 months with an investment of €77 million, IRNA reported.

With a production capacity of 240,000 tons of rolling mill products per annum, the company is capable of producing steel products in sizes ranging from 8 inches to 40 inches.

Has been affiliated with AscoTec (a.k.a. Ascotec GmbH), a steel company active in Iran and owned by subsidiaries of the National Iranian Steel Company (NISCO), which is affiliated with the Iranian Ministry of Industry and Mines

ifmat - Kwssteelascotec

Source: / zawya /

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