Mubasher: Diyala State Company for Electrical Industries, one of the formations of the Iraqi Ministry of Industry and Minerals, announced today, Thursday, the suspension of three of its factories due to the lack of financial allocations.
Abdul-Sattar Al-Janabi, director of the company, said in an exclusive statement to the Iraqi News Agency “INA”, that the Diyala State Company is one of the sober companies that contains eight industrial factories, producing distribution transformers, power transformers, photodiodes, irons, and electrical meters, and that its production is comparable to other products. foreign.
He added, that the suspended factories are the mug candle factory, the fans factory, and the Arkoon factory, where the production of these factories was characterized by high quality, but the development that took place in the field of the automobile industry, and the introduction of the machines of the mug candle factory, led to the stop of the factory.
He pointed out that the value of the product in the fan factory is 65 thousand dinars, and that this price is currently not appropriate, due to the competition of the imported product for the factory’s products, and the lack of financial allocations for the purchase of modern machines, as well as the lack of protection for the local product.
He pointed out that the products of the Arkoon plant, including oxygen tubes, were delivered to the consumer at a subsidized price of not more than 6 thousand dinars per tube, while the price in the local market reached about 25 thousand dinars.
He stressed that the high exchange rate of the dollar, the high prices of raw materials, and the failure to pay debts by the Ministry of Electricity, whose debts to the company amounted to 70 billion dinars, in addition to the failure to pay the debts owed by ministries and other bodies, were behind the suspension of these factories.
Al-Janabi pointed out that there are correspondences between the company and the ministries with the aim of paying the money it owes to the company, but the lack of financial allocations prevents the company from obtaining its debts owed by the ministries and authorities, noting that “if there were financial allocations, it would be possible to reproduce in the three factories. to support the national product.