Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Related Articles
The country`s leading carmaker Iran Khodro and France`s Peugeot are planning to set up a joint production line to produce automobiles in Semnan province in Northern Iran next month. said Iranian Deputy Industry Minister Mohsen Salehinia
He said as per a contract signed between Iran Khodro and Peugeot. the joint production line will be launched in late February.
He also said that a memorandum of understanding (MoU) between Saipa automaker and some famous international car manufacturers will also become operations next year.
He reiterated that a total of 1.8 million cars are produced in the country every year.
In a relevant development in early July. the joint venture between Iran Khodro and Peugeot (IKAP) officially started working in a ceremony attended by Iran`s Minister of Industry. Mine and Trade Mohammad Reza Nematzadeh in Tehran.
The inauguration came after the appointment of IKAP’s board members as well as finalization of 17 subsidiary agreements in the cooperation protocol between the two sides.
Yekehzare and PSA Executive Vice-President Jean-Christophe Quémard signed the proceedings of IKAP’s founding members’ meeting to pave the way for the venture’s operation.
With signing the proceedings. 17 subsidiary agreements in the cooperation protocol between two sides got finalized. The procedures to register the joint venture are expected to begin soon.
