IDRO in talks with Italian company to accelerate development of Esfarayen project
IDOR and the Italian Danieli Group held talks in Tehran to explore the development of the Esfarayen Industrial Complex. According to the report, the development project includes increasing capacity of the steel melting furnace from its current 120,000 tons to 180,000 tons of steel, equipping the complex’s laboratory, as well as constructing machinery and thermal workshops. Three companies of INTECO, Danieli, and Gostaresh Foulad will jointly participate in the project.Danieli Chairman and CEO Gianpietro Benedetti, at the head of a delegation, participated in the talks with IDRO Deputy Chairman Dr. Daliri. The two sides exchanged views on a wide range of issues, including: steel bar straightening and peeling machines, the upgrading of continuous casting machines, and investment scenarios to develop the Luleh Gostar of Esfarayen (LGE). The two sides further agreed to consider future proposals to reach an agreement.