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.
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.
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…
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.
Iran’s vast oil-rich, semi-arid landmass stretches out across 1,648,000 square kilometres between the Gulf of Oman and the Persian Gulf in the south and the Caspian Sea in the north. Wedged between Iraq and Pakistan Iran is the 18th most populated country in the world with 67,503,205 inhabitants at the last count. Iran’s economy is marked by a great reliance on the oil sector, including petrochemical and natural gas.