Sahand Expanded Polystyrene Company was established in 2014 with a capacity of 60’000 tons per year located in Babol/Iran. In order to expand its production in 2018, this company has succeeded in increasing the production capacity of polystyrene by 120 thousand tons per year. The only product on which the company has focused all its effort is EPS, under a brand name of Petromole Cost-efficient application of EPS makes it welcome among many industries such as packaging, lightweight construction, and production of home appliances and industrial equipment. Thanks to developments achieved in many industries such as high-tech computing equipment production and civil administration, the demand for EPS increases each year. The present factory has been founded to supply domestic market and abroad with high quality EPS with reasonable price.

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North Sea Oil Production Continues to Slide

LONDON--Oil production in the British section of the North Sea declined in 2014 amid rising costs, high taxes and low oil prices, underscoring the need for more investment and exploration there, an industry association said Tuesday. The report by Oil & Gas U.K., a lobbying group, comes as the oil industry has stepped up pressure on the U.K. government to cut taxes and streamline the complex regime for the oil and gas sector in its March budget amid the North Sea's decline.

India is to start negotiating a free trade agreement

India has proposed creating a free trade zone with the Eurasian Economic Union of Russia, Kazakhstan, Belarus and Armenia, said Alexey Pushkov, head of the International Committee of Russian State Duma. "The question was raised by India, which is now considering a free trade agreement with the Eurasian Economic Union. This is a new level in our relationship. The possibility is being discussed," he told reporters Friday during an official visit to New Delhi.