13 May 2013 16:11 [Source: ICIS news]
TEHRAN (ICIS)--Jam Polypropylene has been allocated the quotas to export 40,000 tonnes of polypropylene (PP) in the 2013 Iranian year, and will increase its PP output to meet the export target, a source at the Iran-based company said on Monday.
Jam Polypropylene planned to ramp up production at its 300,000 tonne/year PP plant in Assaluyeh to 75% capacity by the end of September, from a current rate of 50%, the source added.
The source was speaking on the sidelines of the 10th Iran Petrochemical Forum.
A ban imposed on PP exports more than a year ago was lifted recently with the local authority issuing export quotas to local producers, the source said.
Jam Polypropylene had so far exported 7,000 tonnes of PP after obtaining the quotas and the cargo was sold to Turkey, the source added.
The two-day event in Tehran opened on 13 May.
Additional reporting by Prema Viswanathan
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