Iran to inaugurate copper wire plant in Belarus: IRNA

20:36, April 28, 2010      

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Iran will inaugurate copper wire factory in Belarus in the presence of Iranian Minister of Industries and Mines Ali-Akbar Mehrabian next week, the official IRNA news agency reported.

Iranian private sector has invested eight million U.S. dollars on the project.

It will produce 12,000 tons of copper wire in the first year to be increased to 50,000 tons in the second year, the report said.

The factory's production will be exported to Russia and Ukraine, according to IRNA.

Minsk and Tehran established diplomatic relations in 1992 and the two sides have enjoyed good relations in recent years with regular high-level meetings and various agreements.

Iran has signed an agreement to launch an assembly line of car production in Belarus and has also established a bank in Belarus in a bid to facilitate financial and banking services between the two countries.



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