The Syrian government is planning to relocate state factories to “safe areas” in the country, according to the Minister of Industry.
The Minister of Industry has estimated the losses of the Syrian cotton industry at some SYP 20 billion in the last two years.
Hundreds of Syrian manufacturers are setting-up factories in Egypt, according to the Egyptian Minister of Industry.
The General Establishment of Chemical Industries is the latest state body to post a significant drop in its 2012 revenues.
The Syrian government is accusing Turkey of being complicit in the looting and transfer of equipment to its territory of some 1,000 factories in Aleppo.
Syria’s production and sales of fertilizers fell by more than half last year, a decline that potentially indicates a sharp decline in agricultural production.
A fire that broke out in the premises of a paper factory managed by Vimpex is estimated to have caused damages worth SYP 5 billion – around USD 62 million.
Activity at Al-Ahliah Vegetable Oil continued to show remarkable resilience with revenues in the first nine months of this year increasing on an annual basis.
The prices of Syrian made cigarettes have increased by 50 to 100 percent as foreign brands become increasingly expensive.
Hundreds of manufacturing plants located in the industrial cities of Aleppo and Deir-ez-Zor have stopped functioning because of the rising insecurity leading to potentially severe shortages of products in the local market including medicines.
Syria’s state cement plants sold a total of 2.4 million tons in the first half of this year.
The Syrian Company for Grapes Processing, a state-owned entity that produces alcoholic drinks, has reported profits of SYP 50 million last year.
Syrian manufacturers, along with other business sectors, are increasingly suffering from the deterioration in the political, economic and security environments.
EDU 2011 Damascus
Damascus Chamber of Commerce