Industry Minister: Public Companies’ Production Estimated at SP 176.486 billion, Hama Iron Company to Start Production Soon

Economy & Aftermath

Damascus, (ST)- In cooperation with the Indian Apollo Company, The Hama Iron Company will start production soon after the completion of the ongoing rehabilitation works being carried out at the company, Industry Minister Ahmad al-Hamu said.

In a statement to local press, the minister clarified that the ministry is currently working on implementing its plan, approved by the Cabinet last September, which focuses on developing the productive and marketing capabilities of companies and overcoming the difficulties facing these companies, both with regard to the supplying of raw materials and the developing of products and achieving the highest value added, in addition to making best use of the machines, equipment, workers and technical expertise in those companies.

 The Minister underlined the necessity of developing the potentials of human cadres at the establishments and companies of the ministry and finding out solutions to problems that hinder the process of production.

According to statistics, the minister said the actual output value at the level of the companies affiliated to the ministry during the past year reached up to SP 176. 486 billion, while sales hit SP 188.32 billion, noting that the profits reached SP 13.089 billion and the value of the stockpiles was SP 33.009 billion.

Sh. Kh.

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