Iralco faces difficulty in obtaining currency

At the press conference of Iranian aluminum company executives at Iralco, Mohammad Goodarzi, director of the Iralco factory, said about the latest production process in the industrial unit: the company has about 160 thousand tons, 100 thousand of which are produced by new production lines It is powered by 200 kiloamper electricity and 60 tons of it are related to the old lines. However, the country`s total aluminum production capacity is close to 240,000 tons.


Arak Aluminum Director said the factory faces currency allocation problems, saying our business personnel have been waiting for the allocation of foreign currency for import of raw materials for more than a month, while we file orders and all related work We have done it and if this material does not reach us, we will have to turn to the export of bullion.

Sanctions have made things worse for us, and the first effect is the difficulty of supplying raw materials and importing parts from abroad, which the government and the state should think about in this regard, to include industries such as aluminum, which are upstream and mature industries,said Goodarzi. They do not have problems with the supply of raw materials.

He also pointed out that the country was not a member of the FATF Money Laundering Convention, saying that before it was due to the fact that Iralco was specifically listed in the EU sanctions, Iralco had many problems and, in various ways, had to abandon the sanctions, But we got out of the list last year and we were able to regain our previous relationship, but we certainly can not say we will not have enough trouble buying raw materials and currency transfer.

Director of the Arak Aluminum Factory said in response to a Mining News correspondent`s question of participating with the private sector inside the factory, Iralco has always been looking for capital and separation from the government. For this reason, over the past years, negotiations have been conducted with companies and individuals in the private sector. Among these, we can mention Mazakra Iralco with the NFC of China and some European companies.

In response to another Mining News question, Goodarzi said in connection with the delivery of the product to the profile and automobile sector of the country: Iralco has provided 20,000 to 30,000 product manufacturing and delivery plans annually in the profiles section, as well as automakers based on their needs. According to the recent changes in the price debate, will be revisited on the agenda so that we can allocate more parts of the products to the alloy products.

In response to another Mining News question, Goodarzi said in connection with the delivery of the product to the profile and automobile sector of the country: Iralco has provided 20,000 to 30,000 product manufacturing and delivery plans annually in the profiles section, as well as automakers based on their needs. According to the recent changes in the price debate, will be revisited on the agenda so that we can allocate more parts of the products to the alloy products.

Alireza Ahmadi, Deputy Director of Planning, Development and Research The meeting continued on the impact of sanctions on Iralco development projects, adding that ""sanctions will specifically affect our future development plans, and now plans such as the construction of Kheirabad power plant and casting workshop with attention We`ve had talks with companies like MAPNA, but we`re still waiting to find out how to provide the resources we need.

He continued: In the past, with the introduction of Iralco on the list of European sanctions, there were some problems, such as logistical discussions for the company, which bypassed the work carried out by these sanctions, and we will now use these methods. .

Ahmadi said: Iralco has always had development plans, including the reconstruction of old lines and the transfer of the casting workshop, which will be held until December.