Iranian Companies Have Launched Several Technical and Engineering Projects in Venezuela

Iranian Ehdas Sanat Company will inaugurate a cement factory, named Cerro Azul, with the annual production capacity of one million tons in Venezuela by July 2012, the company s managing director said. The project is complete by 81 percent, Majid Tavakkolani added, explaining that some 700 persons are working on the project, which will create around 300 job opportunities, the IRNA news agency reported. The factory would be the second largest of its kind in Latin America, the report added. On September 22, Venezuela s Minister of Science, Technology and Industries Ricardo Menendez and Iranian Industry, Mine and Trade Minister Mehdi Ghazanfari inked a number of MOUs in Caracas in the fields of agriculture, housing and transportation. The two sides also discussed issues on constructing a cement factory and a tractor manufacturing line in Venezuela. Iran exported some 68 million dollars worth of goods to Venezuela last year. Iranian companies have launched several technical and engineering projects in Venezuela worth over 4 billion dollars. Source: uaecement.com