The 13th Iran International Auto Parts Exhibition opened on Monday in Tehran.Held at Tehran International Fairground, this year’s event brings together 191 foreign and 526 local automotive firms.
The number of foreign companies has declined sharply compared to last year when more than 540 foreign companies and exhibitors attended.
Parts makers from China, India, Taiwan, South Korea, France, Poland, and Turkey are seen in this year’s event.
Industries Minister Reza Rahmani and Mansour Moazemi, director of the Industrial Development and Renovation Organization, along with managers of major local auto companies and part manufacturing firms attended the opening ceremony.
China, the UAE, Turkey, Germany and India are the top exporters of goods to Iran, supplying more than 57% of the country's imports, according to the data released by the Islamic Republic of Iran Customs Administration.
Chinese imports of Russian thermal coal decreased last year as the country switched to lower-priced material from elsewhere, primarily Indonesia.
This week, Panoramic Resources (ASX:PAN) sent out the first shipment of bulk nickel/copper/cobalt concentrate from its Savannah mine in Western Australia to Lianyungang, China.
India has asked one buyer of Venezuelan oil to consider paying the South American nation’s national oil company PDVSA in a way that avoids the US financial system, an Indian government source said, after Washington imposed fresh sanctions on Venezuela last month.
The Foreign Ministry of France reaffirmed Paris’ commitment to preserving the 2015 Iran nuclear deal and facilitating legal commercial transactions with Iran in defiance of US Vice President Mike Pence who has urged the EU parties to leave the JCPOA.
KS HUAYU AluTech GmbH has introduced a newly developed casting process onto the market. This joint venture between Rheinmetall Automotive and China's HUAYU Automotive Systems has developed a production process for the new Chinese plant in Guangde, one that is particularly suitable for highly complex engine block geometries and electric motor housings.