IKCO Arm Works on Advanced Tech to Bolster Car Output

A knowledge-based company affiliated with major carmaker Iran Khodro (IKCO) is working on localization of auto parts to help curb the sector’s reliance on foreign suppliers.
Asghar Rabiei, the CEO of the automotive molding company, said his firm is working on the production of raw materials and molds for metal casting and auto parts production lines, Mehr News Agency reported.
He said the molding company is specialized in the design and production of metal and plastic car body molds of sizes G2 to G5. 
“The company possesses technologies for the production of advanced molds used by the world’s giant automakers for the mass production of auto parts,” he said.
“With advanced molds, all the stages of producing a particular component take place consecutively in one specific frame with a significantly higher speed and quality compared to classic molds.” 
Rabiei said the advanced molds have a longer lifespan and are more cost-effective compared to the conventional molds.