With BIM’s support and financing with the presence of Ishaq Jahangiri, the first vice president, the final phase of Ferosilis Gharb Pars Company was launched in Hamedan Province.
According to BIM Information Center, Ferosilis Gharb Pars Company, on the eve of the 40th anniversary of the Islamic Revolution, started its operation with the investment of 200 billion Rials of this bank and the annual production capacity of 12,000 tons of Ferrosicilium.
The implementation of the project, in addition to the country's self-sufficiency in the subject of importing this product, will lead to direct employment for 80 people and the possibility of exporting to targeted countries. The product of the company is used in steel and cement industries.
The first phase of the project was launched with an exchange facility worth 7 million euros and rial facilities worth 60 billion rials with production capacity of 12 thousand tons and job creation for 135 people in 2014.