Iran/Pakistan: An Iranian cement producer has revealed plans that Pakistan will help Iran export cement to East Asian countries. Morteza Lotfi, head of the Fars & Khuzestan Cement Company, has said that Iran will supply cement to Pakistan and in return Pakistan will export the same amount of cement to its neighbouring countries under Iran’s name, the Islamic Republic of Iran Broadcasting (IRIB) has reported.

Lotfi said that Pakistan has the infrastructure to export cement to its neighbours but it doesn’t produce enough cement to meet its domestic consumption. Therefore the two countries agreed on a cement swap. He added that Iran’s annual capacity for producing cement is about 80Mt/yr. Pakistan produces about 40Mt/yr. According to the agreement, Iran will also launch a clinker grinding unit in Pakistan.

Twenty-four countries, including Iraq, Azerbaijan, Turkmenistan, Afghanistan, Russia, Kazakhstan, Kuwait, Pakistan, Qatar, Turkey, the United Arab Emirates, Georgia, Oman, India and China are among the main buyers of Iran’s cement. Tehran exported 19Mt of cement and clinker in 2014.