An Iranian knowledge-based firm has signed contracts collectively worth 8 trillion rials ($29 million) to supply catalytic converters to SAPCO and Mega Motors, major auto parts producers.
During an event early this week, representatives of the parts makers signed the deal with Iran Delco Company, ISNA reported.
Founded in 1991 in Shamsabad Industrial Town south of Tehran, the company produces advanced catalytic converters and other key auto components.
According to Alireza Majidnia, Iran Delco's sales manager, the company's catalyst production capacity is 1.5 million per year.
September 17, 2021 17:58
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Iranian Tech Firm to Aid Auto Upgrade
The domestic auto parts manufacturers have taken another step toward using technology ecosystem’s capacities in their localization efforts, with a $29 million contract
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