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Production in main pipe factory in Iran comes to a halt

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Many companies in Iran are facing closure
Many companies in Iran are facing closure
Coinciding with the increasing economic crisis for the mullahs’ regime, production in one of the country’s three major pipe factories came to a halt, the state-run ILNA news reported, adding the factory is facing all out closure.
“The Sadid Pipe Factory, one of the country’s three major pipe production factories with the capacity of producing 700,000 tons of pipes, is facing liquidity problems and lacking production capacity. This company is on the verge of complete closure,” one state-run daily wrote.
“Currently, production in this factory has been stopped and its 170 workers are facing unemployment,” one worker said.
It is worth remind that as a result of the anti-popular policies of cancelling subsidies, to this day hundreds of factories and production units throughout the country have been closed or are on the verge of being shut down.

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