Damascus-Sana
The value of the planned production in the companies affiliated with the General Organization for Chemical Industries until September of 2020 amounted to about 13.8 billion pounds, while the value of the actual production for the same period amounted to 13.9 billion pounds, except for the General Company for Fertilizers, which had no plan due to its entry into investment since 1-4-2019. It constitutes 70 percent of the corporation's business volume, and thus the rate of implementation of the plan until last month is 102 percent.
A report tracking the production and investment plan of the corporation, which Sana Economic obtained a copy of, stated that the Arab Medical Company "Tamico" acquired the largest part of the production value, which amounted to about 4.5 billion pounds, followed by the shoe manufacturing company with a value of 3.2 billion pounds, and then the General Company for Paints with a value of about 3 billion pounds. He explained that the production witnessed a great development compared to the same period of the previous year 2019, where the actual production value for the same period of the corporation’s subsidiaries was about 6.8 billion pounds.
As for sales until September 2020, it amounted to 12.6 billion pounds out of the scheme of 13.7 billion pounds, and by the implementation rate of 92 percent, and "TAMICO" achieved the highest sales value amounted to 5.7 billion pounds, then the General Company for Paints, at a value of 3 billion pounds, and thus the percentage of sales development compared to the same period of The previous year, which amounted to 6.6 billion pounds, 190 percent.
On the production stocks, Dr. Osama Abu Fakhr, Director General of the Foundation, stated that an increase in the "early period" stock was recorded by about 2.4 billion pounds, as its value until the end of September 2020 amounted to about 5.2 billion pounds, which was distributed mainly in the General Company for the Manufacture of Shoes which is within its natural limits as a contracted commodity. With the Ministry of Defense, while the funds allocated for the implementation of the investment plan for the current year amounted to 4.9 billion pounds, which were distributed on projects for replacing and renewing machines, projects for the production of basalt, serums and human medicines, in addition to the project for the production of preform and flat glass.
Abu Fakhr explained that a line for the production of ointments was implemented in the "Tamico" company, in addition to some laboratory constructions and equipment for a value of 100 million pounds, in addition to a medical soap production line in the "Sar" detergent company, equipment in the Umayya paints company, with a value of 8.5 million pounds, and five machines for the factories of the General Company for Shoes. With a value of about 20 million lira.
Abu Fakhr pointed out that there are many investment items under implementation at a cost of one billion pounds, and they are in advanced implementation stages, including a section for alcohol production and sterilizers in the "Tamico" company with a value of 314 million pounds, machines for the factories of the General Company for Shoe Manufacturing at a value of 620 million pounds, and other machines for Aleppo Plastic Company and the company. Al-Ahlia and the Paints Company, in addition to completing the necessary procedures to start implementing the preform project in coordination with the General Organization for Food Industries.
Ahmed Souliman
SANA Economic Bulletin
