Economy, Domestic Economy

Industrial Valve Factory Opens in Rey County

Industrial Valve Factory Opens in Rey CountyIndustrial Valve Factory Opens in Rey County

Local production of industrial valves used in primary industries including petroleum is one of the significant achievements of the country that was realized thanks to Joint Comprehensive Plan of Action (Iran's  nuclear deal with the world powers), said the Industry Minister Mohammad Reza Nematzadeh at the inauguration of Neak Valve factory in Rey County in Tehran Monday.

Neak Valve is the first joint project of Iran’s Industrial Development and Renovation Organization (IDRO Group) with Italy’ Giva Group and Germany’s Golden Group in the post sanctions era, IRNA reported. The nuclear deal eased the economic sanctions against Iran over its nuclear energy program when it came into effect in January.