English | دری

5 new smelting factories to be built across Afghanistan

in Afghan Business

5 new smelting factories to be built across Afghanistan

The Afghan private sector will invest USD 30mn in the establishment of five smelting factories across Afghanistan.

The factories are going to be built in Kabul, Balkh and Nangarhar provinces, with the biggest one to be established in Kabul at a total cost of USD 20mn.

Afghanistan currently has 22 smelting plants; however, less than 50% of the capacity of the total number of plants is currently being used due to lack of raw materials and electricity.

The iron manufacturing industry is one of the leading industries in the country with at least USD 100mn worth of investment.

The smelting plants union urged the government to support the industry by addressing the problem of electricity and raw materials.

Meanwhile, the Ministry of Finance said they have started a campaign for the sale of scrap metal in an effort to encourage iron manufacturers to invest in the country.

According to the Finance Ministry’s Enterprises Department, the Ministry has collected 40mn AFN through the campaign, which will cover the sale of 37,000 tons of scrap metal to factory owners.



Related Articles

Yet another report on Afghanistan's corruption unveiled

A report by the Afghan Independent Media Consortium (AIMC) and 8am Newspaper has revealed extensive corruption and misuse of power

New markets opened in Maimana

Funded by the United States Agency for International Development (USAID), three new markets have been inaugurated in Maimana city of

Emphasis on fighting graft to minimize procurement process in Afghanistan

Addressing the National Procurement Conference in Kabul, Finance Minister Dr. Hazrat Omar Zakhilwal cited lack of transparency and interference as

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.