From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports $3B in plastic annually as ban, tax plan moves forward The Iraqi Ministry of Environment said late Friday that Iraq imports about $3 billion worth of plastic products annually and remains behind […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has officially declared Babylon as the "Industrial Capital of Iraq," marking a significant milestone in the country's industrial development. During a ceremony at Al-Mutahida Packaging in Babylon, Al-Sudani inaugurated a plastic ampoules and caps factory with a capacity of 120,000 tonnes annually, a flexographic printing plant with […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has laid the foundation stone for Iraq's first factory to make plastic granules. The facility, in Babylon province, will have a capacity of 300 tonnes per day. Developed by Al-Mutahida Packaging, the project is expected to support local industry, reduce import dependency, and create new job opportunities […]
By John Lee. Iraq's Council of Ministers has approved a 40% additional customs duty on imported PET rolls made from polyethylene granules, used in the production of single-use water cups, food containers, and transparent storage products. The measure will be in effect for four years without reduction, with market conditions under review. Key Measures: Customs […]
By John Lee. The Minister of Industry and Minerals, Manhal Aziz Al-Khabbaz, has re-opened a factory making low density polyethylene in Basra. The plant, run by the General Company for Petrochemical Industries, had been idle for more than 12 years. Capacity is said to be 120 tons per day, with high quality and high purity. […]
South Korea's Hanwha Chemical Corporation has announced that it has signed a letter of intent (LOI) to build a petrochemical plant in Iraq. South Korean news agency Yonhap reports that the LOI was signed in Seoul by the president of Hanwha Chemical, Bang Han-hong (pictured), and Iraq’s Deputy Minister of Industry, Mohammad Zain. Hanwha will build […]
