Iran News ...


3/19/06

Iran-Khodro brakes production record

Tehran, March 18, IRNA-Managing Director of Iran giant manufacturing company Iran-Khodro Industrial Group said on Saturday the company by producing 520,000 vehicles in the current Iranian year (ends March 20) has surpassed its previous production record set last year.

Manouchehr Manteqi said the record was broken when the company discarded the production of its trademark 'Paykan' this year which comprised about one-fourth of its total production volume.

He added that the company produced about 517,422 cars in the year ending (March 21, 2005) which put the company in 19th place among the largest automobile manufacturing companies in the world in terms of production.

This year, Iran-Khodro, with production of 520,000 and given several joint ventures between the international manufacturing companies, jumped to the 15th largest car company worldwide, Manteqi underlined.

He said the share of company in the region automobile markets is on the rise. Manteqi referred to the successful signing of agreements for exports and launching of 'Samand' assembly lines in several regional countries.

He also heralded better times for the company next year.

Several Samand assembly lines will also be inaugurated in Syria in the next few months, he added.

Nations with which Iran-khodro has entered into talks or has inked contracts for setting up assembly lines are Venezuela, Egypt, Senegal and Azerbaijan republic, and Syria, Manteqi underlined.

He added that the company aims for gaining 30 percent of Syrian and Persian Gulf markets.

"With some countries we have signed contracts for export of 6,000-7,000 cars by the end of the current year."

Iran's major car producer has said if all go according to plan, the conglomerate predicts over 200 million dollars worth of car exports in the year to March 2006.

The company also exported over 10 million dollars worth of spare parts last year, adding the figure is expected to double this year.

Constantly changing laws and regulations, red-tape and non-membership in regional trading blocs are the main factors hindering exports.

Furthermore, high customs tariffs and duties levied on domestic automobile companies have denied them the chance to compete in global markets.

The company has been entering into joint ventures with reputable international automobile manufacturing companies.

... Payvand News - 3/19/06 ... --



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