Africa, Armenia new export destinations for Iranian wires and cables
Tabriz Wire and Cable Company – the only producer of wires and cables in Iran – has found new export destinations for its products in Africa and Armenia.
Known as SIMCAT, the company’s exports surged by 410 percent in the first six months of the current Iranian calendar year that started on March 21, compared to the same period last year.
SIMCAT exported 1,348,796 meters of wires and cables worth 1,499,449 million rials in the first half of the past year, but the exports surged to 5,536,739 meters valued at 3,548,428 million rials in the current year.
Along with Africa and Armenia, Turkey, Iraq, Afghanistan, Georgia, and Azerbaijan are among the destinations for SIMCAT exports.
The company has an annual capacity for producing 35,000 tons of wires and cables meeting the world’s standards.
The products are used in mining, cement, steel, chemicals, oil, gas, petrochemicals, maritime, water, and electricity, as well as food and agriculture industries.
Source: Tehran times