One more company became a member of the Free Economic Zone "Angren"

On December 7, 2020 “Long Teng Metall” JV LLC became a member of the Free Economic Zone “Angren” and a certificate of membership of the FEZ “Angren” was issued. The company’s foreign investor is a citizen of PRC Mr. Gao Ping.

“Long Teng Metall” JV LLC is planning to launch the production of metal products in the 2nd quarter of 2022. The cost of the project is $10.0 million with an annual production capacity of 89,280.0 tons of metal products (rebar, angle, wire rod, channel and others), 30% of which is intended for export. As a result of the project implementation, more than 100 work places will be created for the population of Angren and Akhangaran region.