Mining

Allocation of 40% of ESCO’s budget to the production of knowledge-based products

Allocation of 40% of ESCO’s budget to the production of knowledge-based products
Mining News Pro - CEO of Esfahan Steel Company said: 40% of the company's production budget this year has been allocated to value-added, knowledge-based and new products.
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According to Mining News Pro - CEO of Esfahan Steel Company said: 40% of the company's production budget this year has been allocated to value-added, knowledge-based and new products.

Mehdi Kouhi said that this budget will increase between 55 to 75 percent in the next year.

“The production of knowledge-based and value-added products of this industrial complex includes rails, arcs and steel alloy products. Transformational and knowledge-based programs have started in this industrial complex in the past and will continue at a faster pace this year.” he added.

Kohi pointed out that currently, 85% of the mechanical parts required for iron smelting, which were imported from abroad in the past, are made by the company's engineers, technicians and workers. In the past years, 100,000 tons of rails were produced in this company and delivered to the country's railway network and metropolitan.


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