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Industry in Iran

  • Russian automakers seek to enter Iranian market

    IRAN, 2015/04/06 Foreign companies are lining up to resume their activities in the Iranian market ahead of the removal of international sanctions imposed on the Islamic Republic over its nuclear energy program. Russian automakers AvtoVAZ, GAZ and KAMAZ are holding negotiations on the setup of a Russian vehicles’ assembly in Iran, TASS reported citing the Iranian ministry of economic development. "Several Russian automobile companies are currently holding negotiations with the Iranian side concerning the setup of Russian vehicles’ assembly in Iran [AvtoVAZ, GAZ, and KAMAZ at the initial stage — TASS]. However, no specific agreement has from presently on been reached," the ministry said.

  • India, Kazakhstan negotiating to invest in Iran’s steel sector

    INDIA, 2015/03/30 India and Kazakhstan are negotiating with Iran to invest in the country’s steel sector. “We have announced readiness to accept Indian investment in the steel sector and they are planned to start activity in the country,” Iran’s ISNA news agency quoted Iran’s deputy industry minister Mehdi Karbasian as saying on March 24. “We are as well negotiating with Kazakh companies to invest in our steel, zinc, and aluminum projects,” he added. A large number of representatives of foreign mining companies have visited Iran over the completed year and have announced readiness to invest in Iran, he said.

  • Iran's Industry Minister Mohammad-Reza Nematzadeh

    IRAN, 2014/09/30 Iran produced 455,000 cars in the initial half of the current year. Iran's Industry Minister Mohammad-Reza Nematzadeh said the domestic carmakers plan to produce 1.2 million cars by the end of the year, IRIB reported on September 29. The Data Network for Iran Production and Trade, affiliated with the Ministry of Industry, Mining, and Trade before reported that the country's car production has risen significantly next two years of decline.

  • Iran’s car exports decrease

    IRAN, 2014/01/06 Iran exported 4,824 Sedans during the initial nine months of the current solar time(starting on March 21) which indicates an 88.97 % decrease compared to the same period of last year. The price of the exported cars was around $33 million which is 87.24 % less than in the same period of last year, according to the Iranian Custom Government's new monthly statement released on December 28. The average car price was $6,794, which indicates a 15.72 % increase this year. Iran has exported 2542, 1147 and 612 sedan cars to Iraq, Azerbaijan and Egypt respectively during the period.

  • The rug industry is the country’s second largest exporter, but is now struggling

    IRAN, 2013/07/21 The vast bazaar in the Iranian capital Tehran is home to, by most estimates, the highest concentration of handmade rugs in the world, with millions piled high in more than a thousand shops in a labyrinth of ancient passageways. Iran’s rug exports, however, are declining – revenue was down 17 per cent last year – as are the number of people employed in the industry. Many associated with the trade believe its survival is threatened. The centuries-old industry has been hit hard by repeated economic crises in recent years, as well as by sanctions imposed by the United States, formerly the biggest market for Persian carpets. Even in Iran, cheaper, machine-made rugs are starting to outsell handmade ones. The industry’s decline is just one more problem facing the Islamic republic’s president-elect, Hassan Rouhani, when he takes office in early August.
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