Rporting "Asre Khodro" ,The agreement was signed between Riseco president Hamid Reza Samadi and Mecaplast CEO Pierre Boulet Feb. ۲۳ to produce and commercialize automotive parts for a number of clients within the Iranian domestic market.
The ۵۰/۵۰ JV will be based in Tehran and will be created in ۲۰۱۷.
According to the Iranian state news agency IRNA, the JV will produce engine as well as decorative parts for Renault and Peugeot brands in the country.
Additionally, the JV will look to export ۳۰ percent of its products.
Riseco is comprised of five automotive parts manufacturers with eight production sites.
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