Cars Manufactured in Iran to Be Offerd to ECO Markets
March 17, 1998 - 0:0
TEHRAN - An Iranian car manufacturing company with the cooperation of a foreign partner is intent on offering its products to markets in member states of the Economic Cooperation Organization (ECO). The announcement was made by C.S. Lee, member of the Board of Directors of Kerman Motor Company (KMC) which is a joint venture between Iran and South Korea's Daewoo. Underlining Iran's potentials for expansion of its non-oil sector, C.S. Lee said production of the new M-100 car by Kerman Motor Company will help boost Iranian exports to ECO member states in Central Asia and Caucasus. Pointing to the transfer of auto manufacturing know-how to Iran, he said Daewoo is currently pursuing programs to expand the scope of its regional activities, adding that to this end it will supply parts for the automobile assembly plant in Iran targeting both domestic and foreign markets.
This is in line with Iranian government's policies of developing non-oil sectors, C.S. Lee said, adding that promotion of exports in industrial, agricultural and textile sectors will also generate large sums of hard currency. However, he stressed, critical elements such as government's guidelines and transportation facilities were needed to speed up export procedures. Located in Bam, Kerman province in south of Iran, KMC has created 1,200 job opportunities which is expected to grow to 3,000 according to plans underway.
Daewoo which holds 49 percent of shares in KMC, is currently producing about one million cars inside South Korea and over 1.5 million outside the country. KMC is currently producing Cielo passenger cars with measures underway to enlarge the scope of its activities such as establishment of an independent engine manufacturing plant in Iran which besides addressing domestic needs would export its surplus production to neighboring countries as well as to ECO members.
C.S. Lee expressed confidence that the quality of cars being produced by KMC can match those manufactured by other Daewoo regional branches. Skilled manpower and relatively low wages are major factors which make Iranian industrial products competitive in the neighboring countries, he added. (IRNA)
This is in line with Iranian government's policies of developing non-oil sectors, C.S. Lee said, adding that promotion of exports in industrial, agricultural and textile sectors will also generate large sums of hard currency. However, he stressed, critical elements such as government's guidelines and transportation facilities were needed to speed up export procedures. Located in Bam, Kerman province in south of Iran, KMC has created 1,200 job opportunities which is expected to grow to 3,000 according to plans underway.
Daewoo which holds 49 percent of shares in KMC, is currently producing about one million cars inside South Korea and over 1.5 million outside the country. KMC is currently producing Cielo passenger cars with measures underway to enlarge the scope of its activities such as establishment of an independent engine manufacturing plant in Iran which besides addressing domestic needs would export its surplus production to neighboring countries as well as to ECO members.
C.S. Lee expressed confidence that the quality of cars being produced by KMC can match those manufactured by other Daewoo regional branches. Skilled manpower and relatively low wages are major factors which make Iranian industrial products competitive in the neighboring countries, he added. (IRNA)