Iran cement, car plants to open in Syria today
December 13, 2007
TEHRAN -- Hama cement factory and carmaker Saipa’s Saba production line will be inaugurated in the presence of Iranian and Syrian officials in Syria today.The cement plant, a joint venture, constructed through a 200 million dollar investment will have the capacity to produce one million tons of product annually.
The Civico plant, the Saba assembly line, is the second Iranian-Syrian joint venture that comes on stream today.
Saipa holds 80 percent and the Syrian side 20 percent of Civico’s shares.
The plant’s initial annual output capacity stands at five thousand sedans, but the figure could soar to 15 thousand.
Civico is Iran’s 6th car production line abroad