Industry Ministry: Production value increases by about SYP 80 billion in comparison with last year

Damascus, SANA- The value of the total production of public industrial establishments since the beginning of the current year until last month reached up to more than SYP 318.9 billion, exceeding the full value of last year’s production which was estimated at SYP 239 billion with an increase of SYP 79.8 billion.

According to the production and marketing report of the Ministry of Industry for the first 11 months of this year, the General Organization for Cement and Building Materials recorded the highest production value exceeding SYP 128 billion, followed by the Textile Institution with a production value estimated at SYP 41 billion.

Then came the Engineering Institution with a production value that hit more than SYP 40 billion, then the Chemical Establishment with SYP 39, while production value of the Tobacco Establishment was estimated at SYP 26, the Food establishment’s production reached up to SYP 18 billion, and the production of the Cotton Foundation reached more than SYP 21.5 billion while the Sugar Institution’s production reached a value of SYP 4.6 billion pounds.

The report indicated that the eight institutions of the Ministry were able to achieve a sales value during the past 11 months of this year which amounted to about SYP 244 billion, with an increase in the value of the entire production in comparison with the past year that reached more than SYP 22 billion as the sales value reached more than SYP 221 billion.

The Cement Company achieved the highest value of sales which exceeded SYP 67 billion, then the Engineering Company with sales estimated at SYP 41.5 billion. The Textile Institution has achieved sales that were estimated at about SYP 37 billion while the Tobacco Establishment’s sales reached up to 28.6 billion pounds, and the Chemical Establishment’s sales amounted to SYP 24.5 billion, and the Cotton Foundation’s sales reached about SYP 22 billion.

The Food Establishment’s sales reached up to SYP 18.5 billion and the sales of the Sugar Institution hit SYP 4.620 billion.

The Industrial Ministry indicated that the achieved figures are positive and they came as a fruit of the efforts exerted by the cadres and the workers at the companies and institutions and their determination to increase the production and sales values.

It added that this also came in implementation of the Industrial Ministry plan on investing all the human and technical resources  on the production lines and on signing more contracts on marketing the production of these companies whether with the public or the private bodies or through the distribution and sales centres which have been established by the Ministry in the provinces.

Ruaa al-Jazaeri

Check Also

With various types of flowers, ornamental plants, Iraq participates in Int’l Flower Fair, Damascus

Damascus, SANA- With various types of flowers, ornamental plants and garden designs Iraq is participating …