Wagon Pars Signs $62m Manufacturing Contract

A contract worth 2.6 trillion rials ($62 million) to manufacture 100 gondola wagons was signed between the Wagon Pars company and a local company on Tuesday, the CEO of Wagon Pars said.
Mohammad Reza Mokhtari added that Wagon Pars has the capacity and raw materials for the project and manufacturing operations will begin in the near future, IRNA reported.
The name of the local company was not disclosed by the news agency.
Wagon Pars, located in the city of Arak in the central Markazi Province, is a subsidiary of the Industrial Development and Renovation Organization of Iran and the largest manufacturer of freight, passenger and subway wagons in the Middle East.