A Chinese citizen invests over $5mn in Neyriz city

Shiraz, May 14, IRNA -- Deputy Head of Fars Industrial Towns Company said on Sunday that a Chinese citizen has invested $5.2 million to launch a chromites processing and extracts complex in Industrial Township of Tang-e-Hanna in Neyriz city.

Mehran Khaksari said that construction of the complex has started in partnership with an Iranian investor.

'The first phase of the complex will be operational within next six months,' he added.

The complex has capacity to process 400 tons of chromites and produce 100 tons of concentrates daily. The complex will create 30 jobs.

Neyriz located in 192 kilometers southeast of Shiraz, capital of Fars province.