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MSC determined to transform indigenization of steel production chain

At a first national steel exhibition and festival, which got underway on November 26, 2018, members of the board of directors of the Iranian Steel Producers Association together with senior managers of major steelmakers such as Mobarakeh Steel Company (MSC), Esfahan Steel Company, Khouzestan Steel Company, Khorasan Steel Company, Middle East Mines and Mineral Industries Development Holding Company (MIDHCO), Pars Mining Industries Development Company (KMID), Hormozgan Steel Company, Golgohar Mining and Industrial Company, and Chadormalu Mining and Industrial Company got together to throw their weight behind a unique initiative: local supply and indigenization of steel production chain.
At the get-together, which is very important in securing convergence among steel and mining companies, steel experts and suppliers, especially at a time when economic sanctions are being imposed on the country, MSC Managing Director Hamidreza Azimian said the existing corporate approaches to indigenization have resulted in major breakthroughs already. “But in light of changes to the business atmosphere and imposition of unfair sanctions, through this event and through identification of individuals and companies that can help us seize the opportunities out there, we intend to facilitate the process of supplier selection and assessment. As for those who may need financial support upon being operational, we seek to lend a helping hand.” 
Recalling the special role of startups and accelerators in development of indigenization, he said this exhibition will lend special support to these firms; “MSC and other Iranian steelmakers are determined to transform the indigenization of steel production chain.”
Meanwhile, Dr. Bahram Sobhani, who was in charge of the national steel exhibition and festival, said the event not only puts on display the capabilities of companies involved in the steel production chain and their suppliers, but also it reflects the requirements of the steel production chain, a fact which amounts to an opportunity for indigenization.
He said what stands out about the exhibition is the fact that for the first time in the country, steelmakers and major mining firms are not shying away from risks that come with indigenization; rather, they are supporting the indigenization of parts and equipment.
Participants in the meeting voted for the steelmakers’ support for indigenization by knowledge-based companies, startups and local suppliers. They also decided the achievements and opportunities created by the indigenization drive in the country's steel production chain be publicized in national events.

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5.5/10 (Votes 10 People )

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