Azovmash, Ukraine’s leading producer of mining and metallurgical industry equipment, railroad cars of various specializations, and lifting and hauling equipment, will ship 3,000 wagons to Iran, a report said.
“This is only a first agreement to supply Azovobschemash’s products to Iran. The total need of Iranian state-run companies Pars Wagon and Kors Wagon exceeds 35,000 wagons, gondola cars and tank wagons. Thus, the total potential of Azovobschemash’s cooperation with Iranian enterprises is over EUR 1 billion,” the Ukrainian Embassy in Iran said in a statement, Ukraine’s Interfax news agency reported on Friday.
It added that the cost of the agreement signed between Tehran and Kiev exceeded EUR 100 million.
In early August, Ukrainian Ambassador to Iran Serhiy Burdyliak said in an interview with the Tasnim news agency that Azovmash and Kriukov Car Building Works (KCBW) are holding talks with Pars Wagon and Kors Wagon on creation of joint ventures to work in Iran.
The agreement came after Iran’s Ministry of Roads and Urban Development and Ukraine’s Infrastructure Ministry inked a memorandum of understanding on July 13 to increase their mutual cooperation following the removal of anti-Tehran sanctions.
(Source: Tasnim, under Creative Commons licence)