October 9, 2007

Iran to build dairy factories in Venezuela

Iran will build ten dairy factories in Venezuela in its agreement signed with the Latin American nation.

The agreement was signed by the managing director of Iran's Sout Machine Factory, Abdolhossein Mohammad-Zadeh, and Venezuela's economy minister, Pedro Morejon, in the Venezuelan capital city of Caracas.

Iran is to inaugurate 10 factories eight months after the Venezuelan government prepares the required sites and buildings in different cities of the country.

Sout Machine had previously undertaken the construction of eight other dairy factories in Venezuela, four of which have been completed; the rest are under construction.

According to Mohammad-Zadeh, the production capacity of each of the 10 factories will be 10 tonnes per hour.

Each production facility is expected to cost US$300,000 to complete.