Economy, Auto

IKCO Creates New Company

IKCO Creates New Company
IKCO Creates New Company

Iran Khodro Industrial Group has established a new company for expanding cooperation between Iranian spare parts suppliers and their international counterparts, said IKCO’s CEO Hashem Yekezare.

 Visiting the newly-established Avrand Plastic Company, Yekezare noted that such cooperation would help develop Iranian suppliers’ capabilities and enhance their products’ quality, according to an IKCO press release.

“Given the recent nuclear deal reached between Iran and P5+1 group of countries and the subsequent positive atmosphere, Avrand Plastic Company can play a leading role in supplying parts and exporting new Iranian products to the international markets,” he said.

Yekezare noted that in its new chapter of cooperation with international carmakers, Iran Khodro intends to gain a considerable share of the regional markets.

“Two years ago, Iran Khodro set up its target to become a reliable car manufacturer in the world. Reaching 80% of the target requires considerable efforts from Iranian spare parts suppliers,” he said.