Bolivia has inaugurated its first industrialized iron production facility, the El Mutún complex, aimed at reducing iron imports by 50% and creating over 2,700 jobs. The project, backed by foreign investments, will support various infrastructure developments and aims to eventually expand production capacities.

President Luis Arce of Bolivia has officially inaugurated the El Mutún complex, marking the country’s inaugural industrialized iron production facility. This state-owned project, located in Puerto Suárez within Santa Cruz, is poised to support various infrastructure initiatives backed by foreign nations such as Russia and Iran, with applications ranging from agricultural equipment to mining infrastructure.

The El Mutún complex signals a significant leap toward Bolivia’s industrialization, aiming to reduce iron imports drastically and generate substantial employment. With planned expansions and foreign collaborations, Bolivia is set to enhance its economic self-sufficiency and secure funding for future infrastructure projects, reinforcing its commitment to industrial growth.

Original Source: en.mercopress.com