BAKU, Azerbaijan, June 6. Iran’s Khouzestan Steel Company in the Khuzestan Province (south-western Iran), is in the middle of 207 projects worth 400 trillion rials (about $9.52 billion), CEO of the company, Amin Ebrahimi said, Trend reports.
The CEO noted that the establishment of a slab melting facility, the construction of a 520 megawatt-hour power plant, and the construction of an oxygen plant are considered the main ongoing projects.
Ebrahimi also said that launching of the plant capable of producing 2.2 million tons of sponge iron per year will make Khouzestan Steel Company the main producer of sponge iron in the country.
According to him, with the completion of operations within the mentioned projects, the employment and income of Khouzestan Steel Company will increase significantly.
Iran’s Khouzestan Steel Company is located on an area of 3.8 square kilometers in Ahvaz city, Khuzestan Province. At present, the annual production capacity of this company is 3.8 million tons. In the coming years, the company's annual production capacity is expected to reach 5.2 million tons.
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