Increase in Export of Household Appliances
Economy, Domestic Economy

Increase in Export of Household Appliances

Iran’s export of home appliances has increased in the past seven years, with $300 million in exports registered in 2014 compared with $82 million in 2007, Secretary of the Iranian Association of Home Appliance Manufacturers, Habibollah Ansari told ISNA.
“Iraq, Afghanistan and Sudan are the main destinations for the home appliances, while Italy, England and some Middle Eastern and Central Asian countries are among other destinations,” he added.
Classifying household appliances into three categories namely: major appliances, small appliances and non-electric kitchen appliances; he said nearly 75% of the country’s demand for these products come from domestic manufacturers.
“For some products such as heaters, geysers and water coolers, domestic production suffices for 100% of the demand and we have zero imports,” he said, adding that most of the raw materials for the industry, such as copper, aluminum and various petrochemical products, are also provided domestically.
Although a large number of appliances such as ovens, refrigerators, freezers, washing machines, televisions and irons are currently imported, the official said: “We plan to boost the level of investment on improving the quality and design of the domestic products to enable them to compete with the foreign brands.”
He also said the production of televisions, refrigerators and washing machines increased by 22%, 30% and 38% respectively in the first eight months of the current Iranian year (end March 20).

Short URL : http://goo.gl/X9dQDv

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...