Return of an aluminum plant to the profit

Pars Saveh Aluminum Company has suffered from bankruptcy since 2014, which was restored by the actions of the General Directorate for Bankruptcy and Bankruptcy Affairs of the Judiciary.

The managing director of the manufacturing unit said during the visit of the director general of the refinement and bankruptcy of the judiciary that the company was losing more than $ 281219.26 per month.
He said: "From September 2015, management changes and management tactics will resolve the problems." The plant returned to the profitability cycle.

Mr Goodarzi said that since 2016 the company`s profitability has begun, added: "In 2017, more than $1640445.66 was profitable for the factory."

He added that currently about 65 percent of the country`s aluminum felt are produced in the factory.
Mr.Goudarzi said that maintaining employment, high-quality production and quality were three important factors for restoring this factory.

Mr. Hajali, director general of bankruptcy and bankruptcy of the judiciary, said during the visit that the support of bankrupt business units is one of the most important goals of the General Directorate in pursuit of economic policies of resistance, said the factory should be shut down by law and the workers They were unemployed, but in line with the orders of the Supreme Leader, efforts were made to restore the factory to create production and employment, and to realize the resilience economy, and on the orders of the authorities of the judiciary.

He said that the factory is currently working in three shifts of more than 700 people. The reasons for the increase in the bankruptcy rate of factories in recent years have been bad economic conditions, boycotts, stagnation, inflation, the monetary and banking system, and exports are unnecessary.

Having said that the General Directorate is not involved in the bankruptcy process, he said: "After the bankruptcy, we pay debts to creditors by refinishing and selling the property of the bankrupt company.

Mr. Hajjali added: "We have tried to rehabilitate and rebuild the factories before the refinement with a double endeavor and in line with the general policies of the system and resistance economy, and this is our pride and duty. He added: "In the same way, over the past three years, about 50 factories have been restored and more than 6,000 workers have returned to work.