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
Source: / zawya /