Syrian Arab News Agency S A N A
Damascus, SANA – Industry Minister Ahmad al-Hamu said that Hama Iron Company will start production soon after the completion of the ongoing rehabilitation works being carried out in cooperation with the Indian Apollo Company.
With this company coming into production, the total number of the public sector industrial production companies rises to 36, according to al-Hamu, who was speaking in a statement to SANA reporter.
He said 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.
According to statistics, the Minister said the actual output value on the level of the companies affiliated to the Ministry during the past year reached up to SYP 176. 486 billion, while sales hit SYP 188.32 billion, noting that the profits reached SYP 13.089 billion and the value of the stockpiles was SYP 33.009 billion.
M. al-Frieh/H. Said
