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.
Canadian junior Explorex Resources (CSE:EX) (OTC:EXPXF) has placed its plans to buy the Hautalampi cobalt, nickel and copper project in eastern Finland on the back burner because it won’t be able to secure the required funding in advance.
Knowledge-based companies and startups active in the automotive sector will get a boost following an agreement signed between the Vice Presidential Office for Science and Technology, and local carmaker Iran Khodro.
Baffinland Iron Mines Corporation today announced the results of its 2018 shipping program. From July 24 to October 17, Baffinland shipped approximately 5.1million tonnes of iron ore from its Milne Inlet Port to markets in Europe, the United Kingdom, Taiwan, and Japan.
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.