The Forum for Partners in Iran's Marketplace
 
 
 
 
 
 
 
 
 
 
 
     

January 2008, No. 45


Mines & Metals

SCICO in Progress

Mohammad-reza Karami Shahrokhi, Managing Director of SCICO

Investment companies have been created with purpose of gathering of savings and a little capitals and guiding them to sectors and different units in different fields for creating necessary conditions for public participation.

This kind of companies with experts and experienced specialist, are reputable connector between capital of people and economic of country.

Investment companies, in direction of macro economical policies of Islamic Republic government of Iran based on extension of capital and financial market and with purpose of using opportunities and relative advantages of investment and with performance of active role in financial markets, have a deserving affect on professional management of capitals in country.

Sarcheshmeh Copper Investment Co. (SCICO) has been established in 2007 by pension fund of NICICO (National Iranian Copper Industries Co.) personnel with capital of 20 milliard Rials and rapidly play effective role in performance of environs activities of copper in such a manner that, nowadays, powerful companies have been located inside that.

Now, after passing 20 years of establishing SCICO this company has been changed from small and regional company to a huge economical company in country with capital of 200 milliard Rials and now with 4000 personnel is one of the powerful companies in Iran.

Organizing the activities in majority of specialized companies in fields of "engineering & industrial consulting, production, commercial & trade, executive & supporting, hardware & software, performance of medical, remedial & health services, welfare & services, green space & forest", have been prepared spread domain of economical activities for SCICO.

SCICO in threshold of 20 years old, has been entered in mining activities and has several production projects in the course of consideration, execution and performance, such as: Leaching Factory in Rafsanjan, Kavir Ferromolybdenum Factory, the project of producing chemical materials, producing copper concentrate from slag of convertor, producing copper concentrate from waste of Sarcheshmeh Concentration Factory and investment in Concentration Factory in Miduk Copper region.

Also, this company with joint venture in Khatun Abad copper smelter unit as main contractor, tailing and water-retaining dams of Miduk Copper Complex, Sarcheshmeh Leaching Project, participation in construction of Sarcheshmeh Concentration Factory and other projects as one of the contractors inside country, act in direction of ensuring profits of shareholders.

Now, SCICO as a holding company with using power of more than 20 subordinate companies can be active in different industrial plans in country and with investment in these plans, help to the country’s progress.

 

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  January 2008
No. 45