€26m Localization Plans Devised

Iranian major auto parts producer SAPCO plans to curb capital flight by €26 million in the current Iranian year (started March 21) through 20 auto part indigenization projects
€26m Localization Plans Devised
€26m Localization Plans Devised

Iranian auto parts manufacturer SAPCO has devised a scheme for the indigenization of metal and non-metal components worth €26 million for the current fiscal year (started March 21).
According to the company, the localization scheme has been split into 20 projects that are to employ high-tech solutions offered by the local technology ecosystem, Tasnim News Agency reported.
The production of isocyanate car seat cushions, raw material for dashboards, glass and loctite paste, auto lube, engine oil, brake fluids and advanced auto cabin metal sheets has been envisaged by SAPCO.
The company also plans to produce front coil springs, copper-based bearing alloys, magnesium ingots and raw material for injection molding of automotive plastic parts.
Auto component indigenization efforts were limited to the production of airbag cover material, polycarbonate material used in front lights, cabin metal sheets and metal powders last year.


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