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Tuesday, June 19, 2018 - 11:18:18 AM
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Mining News - Managing director of Saman Steel Co. of Birjand said that the unit after the full shutdown was reinstated in 2016, said: "This unit did not have any equipment at the beginning of work, but with the efforts and assistance of authorities of September 2016 More than the previous capacity and more modern equipment began.
Hamid Reza Latifi, said that the fluctuations in the ironware market were a major problem for the manufacturing unit, adding that the fluctuations caused the margin of production to be reduced.
Referring to the high interest rates on the facility, he said: ""At the moment, with 10 percent of the production profits, we must pay 20 percent of the bank`s profit, which does not meet the costs of the unit.
Latifi pointed to the existence of intense competition in the domestic market and said: ""Despite the proper support, we can not participate in the tender due to lack of liquidity.
Managing director of Saman Steel said that training for manpower is one of the most important plans of this manufacturing unit, adding that the lack of salary rights is one of the honors of the complex.
Referring to the need for $ 40,000 in working capital, he called for special measures for low-interest bank facilities.
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