Scandinavian Enviro Systems has signed a HoA (Heads of Agreement) with the German company DHF Development to facilitate the establishment of one or more recycling plants in The Middle East together with Industrial Development and Renovation Organisation of Iran (IDRO). The agreement is valid for a period of three months. The deal was signed on 6 July 2018.
Groupe Renault has reportedly approved the supply of 50,000 tyres from Iranian tyre maker Yazd Rubber Industries Complex to its subsidiary Renault Algérie. IFP News writes that in addition to supplying Renault, Yazd is now also in negotiations with Volkswagen following the car maker’s entry into Iran.
Shandong Linglong Tyre Co., Ltd reports that it has entered into a strategic partnership with Iranian company Tosse Tabdil Sina (TTS). The latter will act as exclusive agent for the Linglong brand in Iran and provide both original equipment and aftermarket customers with sales, marketing and aftersales service.
Local sources report that Mohammad Reza Nematzadeh, the Iranian minister of industry, mine and trade attended the ground-breaking of Gostaresh Aria Tire’s new tyre production facility in Zabol City, Eastern Iran on 10 March. The ground-breaking marks the latest development in a significant expansion of the Iranian tyre industry.
Analysts at IHS Automotive light-vehicle predicting modest growth in the Iranian light vehicle market after the UN lifts sanctions against the country. This suggestion contradicts some suggestions from the Iranian automotive and tyre industries that the country could be on the brink of a production boom. According to HIS, despite the signing of nuclear deal between […]
Iran’s Sabalan Tyre Co. recently delayed plans to break ground on a $200 million radial tyre plant in Sanandaj, Kordestan province due to bad weather. However, the event is expected to be rescheduled and the project is not expected to be
Iran’s geographical location means it is ideally positioned to connect Eastern and Western Middle Eastern countries. With this in mind, a new paper produced by R&D and manufacturing management executives at Tehran-based Pars Tire Company highlights the countries current willingness to receive outside investment and identifies recent market trends – including some that sound surprisingly similar to mature markets such as Europe and the US…
Some 300,000 commercial vehicle tyres are sold in Iran every month, reports Apollo Tyres, with radials accounting for approximately 60 per cent of the total. The tyre maker began selling TBR tyres in Iran more than two years ago and now states that it aims for an unspecified but “significant” increase in sales of these products in the country before the current financial year ends on 31 March 2016.
Michelin is considering the option of resuming exports of its car and truck tyres to Iran after international sanctions are lifted. According to a report in the Wall Street Journal dated 11 February, Michelin was amongst 100 French company executives that visited Tehran in early February to assess the business opportunities.
According to the recently published report by TechSci Research “Iran Tyre Market Forecast & Opportunities, 2018”, the tyre industry in Iran is projected to grow at a CAGR of around 7 per cent during 2013-18, in revenue terms, as a result of continuous increase in tyre demand from OEMs and replacement market. One of the major reasons for growing OEM demand can be attributed to the fact that more than 50 per cent of the total fleet of automobiles in Iran is over 25 years of age. Furthermore passenger car tyre sales are already dominant in Iran, with a market share estimated at 70 per cent.
As Iranian business envoys court representatives of the various global markets at the 2014 World Economic Forum in Davos, Switzerland, details of the country’s recent tyre market development have also emerged. Of course, the Iranian enterprise bigwigs have been intent on smoozing with the self-styled “masters of the universe” in order to make business in-roads now that certain automotive and petrochemical economic sanctions have been lifted by the west. During a recent interview with the BBC one such envoy described Iran as a very developed and highly educated market poised for further development, but it also has to be said that the geo-political environment makes things complex.