Baku, Azerbaijan, March 28
By Khalid Kazimov - Trend:
Pakistan will export Iran's cement to East Asian countries, says an Iranian cement producer.
The head of the Fars & Khuzestan Cement Company, Morteza Lotfi, said Iran will supply cement to Pakistan and in return Pakistan will export same amount of cement to its neighboring countries under Iran's name, IRIB news agency reported March 28.
Lotfi said Pakistan has a proper capacity for exporting cement to its neighbors, but it doesn't produce enough cement to meet its domestic consumption, therefore the two countries agreed on cement swap.
He added that Iran's annual capacity for producing cement is about 80 million tons, while Pakistan annually produces about 40 million tons.
According to the agreement, Iran will also launch a clinker grinding unit in Pakistan, said Lotfi.
Twenty-four countries, including Iraq, Azerbaijan, Turkmenistan, Afghanistan, Russia, Kazakhstan, Kuwait, Pakistan, Qatar, Turkey, the United Arab Emirates, Georgia, Oman, India and China are among the main buyers of Iran's cement.
Tehran exported 18.942 million tons of cement and clinker in 2014.
