A subsidiary of Iran Khodro, Clean Auto Catalysts Co at the weekend launched production lines of Euro 5 catalysts at Mahmoud Abad Industrial Zone near the central city of Qom, 120km south of Tehran.
The machinery for production of Euro 5 catalysts has been imported from Finland, IKCO Press reported. It is said that if used in vehicles the catalysts can decrease the carbon monoxide in vehicles’ exhaust from 2.2 gram per kilometer to 1 gram. The factory has a nominal annual production capacity of 1 million catalysts. The new factory has 80 workers.
Iran Khodro is looking to expand its footprint in the new Iranian year which started in March by taking steps toward the optimization of the enterprise.
Iran’s largest carmaker Iran Khodro and Belarusian firm Unison have forged a deal under which two sedan models, namely Dena and Dena+, are to be manufactured in Minsk.
Iran Khodro has sold a 50.2% stake worth 720 billion rials ($15 million) in Mashhad Wheel Manufacturing Company following a one-day delay in its offering.
Iran Khodro has said it will ‘start test production’ of Peugeot 301 in the coming week.
Left to their own devices, Iranian auto parts makers say they are reluctant to and uninterested in collaborating with Iran Khodro over its joint production deal with Peugeot.
The largest local carmaker, Iran Khodro, has signed a joint venture deal on the production of gearboxes in Iran with a subsidiary of the South Korean automotive company, Hyundai PowerTech Company.