The Ministry of Industry has issued its annual report on the number of manufacturing projects that were licensed or began production in 2011.
Al-Ahliah Vegetable Oil has reported a 12.75 percent increase in its 2011 revenues to SYP 1.5 billion.
The destruction by fire of a large textile plant in Aleppo last month has encouraged manufacturers to seek to insure their plants, a practice still very limited across the country.
The Ministry of Economy has banned all imports of wooden furniture that contain less than 70 percent of beech wood in a bid to help local manufacturers.
The Syrian Government has approved plans to build a 1 million ton urea phosphate plant in the east of the country, although once more financing constraints may delay the project.
The Ministry of Industry has allowed the manufacturing companies it oversees to rent out their services to private sector companies.
Turkey’s Coca Cola Icecek has raised its stake in Syrian Soft Drink Sales and Distribution LLC, the company distributing Coca-Cola products in Syria, to 90 percent following a capital restructuring.
The Ministry of Local Administration has announced that it is scrapping penalties levied on investors in the country’s industrial cities.
Only a week after it announced it was stopping production at its Deir-ez-Zor plant, Vimpex, a paper trading and manufacturing concern owned by prominent businessman Nabil Kuzbari, said that it was resuming operations following a request from the workers at the plant.
Vimpex, a paper trading and manufacturing company owned by prominent businessman Nabil Kuzbari, has stopped production at its paper plant located in Deir-ez-Zor.
Syria produced 175,600 tons of TSP and 250,000 tons of urea last year, according to Government statistics.
The Homs Chamber of Commerce is sponsoring the establishment of a company that will provide solid waste management solutions including the establishment of treatment plants.
The Ministry of Industry has issued a tender inviting private investment in Rastan Cement, a state-owned cement manufacturing company.
Cemena, a subsidiary of Gulf Finance House, has announced that it had awarded the contract to build and equip a cement plant in eastern Syria with an annual capacity of 2 million tons to CBMI of China.
The Italian government is providing a loan of EUR 25.8 million to support Syria’s agro-food industry, according to Hussam Youssef, head of the Export Development and Promotion Agency.


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