PSA SAIPA finalise joint-venture in Iran

 Reporting "Asre Khodro", The partners say over €300m will be invested in manufacturing and R&D capacity over the next five years, and the deal includes technology transfers and sourcing a high level of local content.

Manufacturing will take place at the Kashan plant in Iran, which will be 50%‑owned by PSA Group. It’s stated that this facility offers flexible industrial processes and operates with high environmental standards (water-soluble paints for example).

Initially Citroën models will be imported beginning in early 2017 followed by the production of three vehicles adapted for the Iranian market in 2018.

Source: automotivemanufacturingsolutions.com