Inauguration of the Ebony Chemical Industries Project by the order of the President
It was financed by Sanat and Mine Bank in Fars province;
According to the financial news report, citing the public relations of Sanat and Mine Bank, The opening ceremony of the Ebony Chemical Complex development project was held with the virtual presence of the President, the Minister of Industry, Mining and Trade and simultaneously with the opening of several projects on the occasion of the Day of Industry and Mining and the last day of the Decade of Industry, Mining and Trade.
This production unit with an investment of 2,732 billion Rials and direct employment of 120 people, including eight selected projects, has been put into operation by the order of the President, which provided fixed capital facilities equal to 1,000 billion Rials from Sanat and Mine Bank for the creation of a production plan for various types of resins and a production development plan. Concentrated formalin and urea-formaldehyde and received a working capital credit limit equal to 300 billion Rials and two items of working capital facilities in the amounts of 200 billion and 150 billion Rials.
Ebony Chemical Complex produces all kinds of liquid industrial glue and impregnation resins in the phase of its development plan, it is one of the completers of the production chain, which produces formalin products, urea formaldehyde, glaze concentrate and powder, diethyl hexanopic acid, alkyd resins, and all kinds of acrylic copolymer resins. In downstream industries, it supplies the needs of production units and chemical industries and cellulose industries and other production units.
