The state-owned General Organisation for Textile Industy has contracted with an Iranian company to export some USD 30 million worth of yarns, a deal that would represent three times Syria’s 2010 exports to Iran.
MAS Distribution, a food commodity trading company, said its sales remained unchanged last year at SYP 420.6 million, confirming that the food & beverages industry was among the sectors least impacted by the turmoil gripping Syria.
The Ministry of Industry has issued its annual report on the number of manufacturing projects that were licensed or began production in 2011.
Al-Ahliah Vegetable Oil has reported a 12.75 percent increase in its 2011 revenues to SYP 1.5 billion.
Imperial Tobacco and JTI, two of the largest global tobacco firms, have acknowledged that their operations had been impacted by the unrest in Syria and the sanctions imposed by the EU and US on Syrian individuals and companies.
The destruction by fire of a large textile plant in Aleppo last month has encouraged manufacturers to seek to insure their plants, a practice still very limited across the country.
The Ministry of Economy has banned all imports of wooden furniture that contain less than 70 percent of beech wood in a bid to help local manufacturers.
The Syrian Government has approved plans to build a 1 million ton urea phosphate plant in the east of the country, although once more financing constraints may delay the project.
The Ministry of Industry has allowed the manufacturing companies it oversees to rent out their services to private sector companies.
Turkey’s Coca Cola Icecek has raised its stake in Syrian Soft Drink Sales and Distribution LLC, the company distributing Coca-Cola products in Syria, to 90 percent following a capital restructuring.
The Ministry of Local Administration has announced that it is scrapping penalties levied on investors in the country’s industrial cities.
Only a week after it announced it was stopping production at its Deir-ez-Zor plant, Vimpex, a paper trading and manufacturing concern owned by prominent businessman Nabil Kuzbari, said that it was resuming operations following a request from the workers at the plant.
Vimpex, a paper trading and manufacturing company owned by prominent businessman Nabil Kuzbari, has stopped production at its paper plant located in Deir-ez-Zor.
Syria produced 175,600 tons of TSP and 250,000 tons of urea last year, according to Government statistics.
The Homs Chamber of Commerce is sponsoring the establishment of a company that will provide solid waste management solutions including the establishment of treatment plants.
Damascus Scientific Pharmaceutical Days
Dama Rose Damascus Hotel
Dama Rose Damascus Hotel