Abadi adviser: the integration of industrial companies aim to reduce production costs

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Abadi adviser: the integration of industrial companies aim to reduce production costs

Post  Admin on Wed Aug 09, 2017 10:35 am

Economy News Baghdad:

The adviser to the Prime Minister for Finance, Dr. Mazhar Mohammed Saleh, said Wednesday that the government's decision to merge six industrial companies aimed at reducing production costs.

Saleh said in an interview with "Economy News" that "the decision of the Council of Ministers to merge six industrial companies aimed at integrating their activities and capabilities and reduce production costs and raise productivity."

"It is not necessarily that these companies are losing, but restructuring them is an urgent need to raise their productivity and avoid any loss resulting from higher production costs or lower productivity."

On Tuesday, the cabinet voted to merge six companies of the Ministry of Industry with the General Military Industries Company.

The Cabinet said in a press statement received "The Economy News" a copy of it, "The Council of Ministers held its ordinary session under the chairmanship of the Prime Minister, Dr. Haider Abadi, and during the session vote on the merger of public companies in the Ministry of Industry and Minerals, namely Yarmouk, Qadissiya and Qiqaaa and Hattin and Harith and Hamorabi with General Military Industries Company under the name of General Military Industries Company ".

http://economy-news.net/content.php?id=8652

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