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The industry announces the referral of the Sumer cigarette plant to the investment DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The industry announces the referral of the Sumer cigarette plant to the investment

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The industry announces the referral of the Sumer cigarette plant to the investment Empty The industry announces the referral of the Sumer cigarette plant to the investment

Post by claud39 Tue Jul 21, 2020 9:57 am

The industry announces the referral of the Sumer cigarette plant to the investment


The industry announces the referral of the Sumer cigarette plant to the investment 15391

Economy News - Baghdad:

Minister of Industry and Minerals Manhal Aziz Al-Khabbaz revealed the referral of Sumer cigarettes factory to investment, confirming the initiation of the rehabilitation of 80 factories that were suspended from work within the ministry's plan to operate all factories that are suspended from work in the near future, indicating that the ministry is working to create investment opportunities and a true partnership with International companies and the private sector to advance the Iraqi industrial reality .

The Minister of Industry, in an interview with the government newspaper Al-Sabah and seen by Al-Iqtisad News, said, “There are (80) factories currently suspended, and all of these factories are part of the ministry’s plans for a short and long-term, and there will be serious follow-up to rehabilitate and operate all factories and factories affiliated to the ministry in the future. ” .

And on the strategic plans to advance the Iraqi industrial reality and enable it to meet the need of the local market, the Minister stressed that "The Ministry of Industry and Minerals seeks to pursue deliberate and targeted plans and programs to rehabilitate the factories, factories and subsidiaries thereof and spread throughout the governorates during the coming period, to improve and diversify local production and develop the production process in a way that enhances the reputation and strength of national products in local markets and restores confidence to government institutions in the quality and durability of the Ministry's products, Several tracks will be adopted, including taking advantage of the amounts of the centrally funded investment plan in rehabilitation projects in coordination with the ministries of planning and finance, entering into partnership and investment contracts with the discreet and empowering private sector, and including those contracts for the rehabilitation and modernization of technology, as the Ministry will, through these plans, create investment opportunities New not less than (80) opportunities in various specialties and products, in addition to the opportunities currently announced and amounting to (190) opportunities".

Regarding the partnership with the private sector with the aim of operating stalled factories and factories, between the baker, “The Ministry of Industry and Minerals is actively seeking to revitalize partnerships with the private sector, based on Cabinet Resolution No. 336 which provided the opportunity for boards of directors to operate and implement partnership contracts without the old routine methods Which contributed to delaying partnerships, as entering such partnerships with specialized international companies, private sector companies and capital owners; in turn leads to increasing and modernizing the production capacities of laboratories and covering the growing demand for most Iraqi industrial products, adding new products with standardized qualities and specifications, and operating more workforce The elimination of final disguised unemployment . "

The Minister of Industry and Minerals stated; "The transformation of public companies into private companies through the (privatization) project does not come quickly and suddenly; rather, it is implemented gradually by activating the partnership and investment contracts, and the partner gradually incurs the employees' salaries with increasing the number of partnership and investment contracts for new lines and investment opportunities for companies ."

And the baker identified the most prominent obstacles that prevent the advancement of the Iraqi industrial reality, noting that "the advancement of the industry requires great effort and attention at various levels, whether legislative or executive, especially with regard to legislation to protect the local product, consumer protection, protection of the market from dumping in addition to legislation that pertains to Creating an attractive environment for investment, and at the same time requires an executive effort related to developing the necessary infrastructure, and the aforementioned measures are not only related to industry, but also require collective action from all state and legislative institutions as well as community support that enhances citizen's confidence in the local product, and that one of the most important obstacles that prevent the advancement In reality, it is the abhorrent bureaucracy in implementing cabinet decisions supporting investment, in addition to the difficulty of banking transactions that an investor needs during his work .

On the local products produced by the Ministry's factories; The Minister assured the baker, "The local products bearing the two signs (Ishtar and the guitar) have a good reputation and acceptance by the Iraqi citizen, because of their excellent quality in manufacturing and long operational life, and these products are present in the local market in addition to the products of the General Company for Food Products available in the outlets Marketing and direct selling centers of the company in Baghdad and the provinces, and that the ministry is working hard to develop plans and programs to develop these industries and produce new products and update packaging methods to meet market requirements and consumer tastes and compete with existing goods and goods . "

The minister continued by saying: "With regard to the Sumer factory, it was referred to the investment and is one of the productive and profitable factories in the Ministry of Industry and Minerals. As for the General Company for Rubber Industries and Tires, it has a successful investment project to recycle the tires used to produce rubber granules or chopped rubber and rubber tiles All types and rubber bumps, and the production of oils of all kinds and other products, as this project is one of the successful and promising environmental projects that will contribute to getting rid of damaged tires in all parts of the country and benefit from them by recycling, shredding and converting them into various rubber products of interest and without any waste, and that tire factories In Babel, Diwaniya continues to operate, but it suffers from a marketing problem due to the lack of commitment by some government agencies to purchase the Ministry's products, in addition to the fact that the Babel Tire Factory has a modern machine that will be operational soon .

The Minister of Industry revealed the intention to enter into real partnerships with international companies to produce certain types of commodities and to revive some of the stalled factories. He explained that "the Ministry of Industry is actively seeking to activate partnerships with the local, Arab and foreign private sector, 
and it continues to try to attract and attract specialized and technically competent international companies." And finance for the purpose of investing in Iraq with the aim of settling new industries and transferring modern technology inside Iraq, achieving financial returns and ensuring marketing and exporting the local product  outside Iraq .

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