Tag Archives | Industrial Development and Renovation Organization of Iran (IDRO)

Finland, Denmark, Sweden agree deal with Iran’s IDRO

The ambassador of Finland to Tehran said Helsinki, Copenhagen and Stockholm have signed an agreement with Iran’s IDRO Group to improve cooperation in various fields, including oil and renewable energies. “Finland, Denmark and Sweden signed an MoU with IDRO of Iran to promote collaboration in in the fields of oil & gas, high-tech, transportation, renewable […]

Swiss Firm Denies Major Infrastructure Deal with Iran

Switzerland’s Stadler Rail denied reports that it signed a $1.4 billion infrastructure contract with Iran for 960 wagons for an underground railway system. In a statement on Friday, Stadler Rail said there was no deal or decision between Tehran and Bern but merely a public tender, Swissinfo website reported. This is while the Swiss embassy […]

Cabinet approves Paper Production Project

By John Lee. The Council of Ministers has agreed an investment by the Iranian Industrial Development and Renovation Organisation (IDRO) in paper production from calcium carbonate in the city of Kharameh. According to a statement from the Office of the Iranian President, the project, with a production capacity of 20,000 tonnes of calcium carbonate per year, […]

Austrian Company signs Study Deal with IDRO

The Industrial Development & Renovation Organization of Iran (IDRO Group) has signed a deal with Austria’s HOT Engineering for carrying out studies on Susangerd Oilfield in Iran. The group had previously signed a cooperation deal with the National Iranian Oil Company (NIOC) for developing the field. The document entails putting together a master development plan […]

NIOC, Gazprom sign LNG deal

Russian gas giant Gazprom has signed a initial agreement with the National Iranian Oil Company (NIOC) for cooperation in the production of liquefied natural gas (LNG). As the official website of Gazprom announced, this would be part of a larger plan for cooperation that concentrates on the development of Iran’s gas fields “with subsequent transportation […]

Renault Will Not Leave Iran in Face of More US Sanctions

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, said the French carmaker would not “leave Iran” even if Washington re-imposed new sanctions against Tehran. “Obviously if it becomes impossible to deal with Iran we will put a plan together for the suspension of our business there, but that’s not at all to say that […]

Iran’s New Industrial Policy to “Transform Political Economy”

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. New Industrial Policy Poised to Transform Iran’s Political Economy This past summer, the Industrial Development and Renovation Organization of Iran (IDRO) concluded landmark agreements with French automaker Renault and transportation giant Alstom as well […]

Renault signs EUR 660m Deal with Iran

France’s Groupe Renault has announced the signature of a joint venture agreement with the Industrial Development & Renovation Organization of Iran (IDRO) and PARTO NEGIN NASEH Co, an importer of Renault products in Iran. According to a report from Tasnim, the contract is worth 660 million euro. The proposed joint venture company, of which Renault […]

Russia to Invest $3bn in Iran’s Railroad Industry

The Industrial Development & Renovation Organization of Iran (IDRO) and Russia’s Transmashholding have signed a contract to manufacture railway wagons. The contract was sealed Monday with the attendance of Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh and Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi. Based on the agreement, the two […]

IDRO Eyes Cooperation with Iraq in Energy, Industry

The Industries Development and Renovation Organization of Iran (IDRO) is ready to cooperate and collaborate with the neighboring Iraq in the field of energy, renovation of industries and training managers. Chief Executive Mansour Mo’azami announced the above statement in his meeting with the visiting Iraqi Minister of Industries Mohammed Shia Al Sudani. The two sides […]

Alstom to build Rail Carriages in Iran

High-ranking officials in Iran’s rail industry signed a major deal with the French rail car manufacturer Alstom to boost cooperation in the production of subway cars. The cooperation agreement was signed in a ceremony in Tehran on Sunday night with Iran’s Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh in attendance. Officials of Alstom, […]

$220m Investment in Tyre Factory

By John Lee. Arya Tire Hamoon Industrial Company, a subsidiary of the Industrial Development and Renovation Organization of Iran (IDRO), and Dam and Water Works Construction Company (SABIR) have signed an agreement to build a tire manufacturing plant in the city of Zabol. The minister of industry, mining, and trade, and the minister of cooperatives, […]

Russian Firm to make Train Carriages in Iran

The Industrial Development and Renovation Organization of Iran (IDRO) has signed a joint venture contract with Russia’s CJSC Transmashholding to manufacture 500 wagons in Iran. Idro News reported the Iranian company’s deputy for expansion of industrial investment, Fardad Daliri, as saying that the contract stipulates “attracting investment and using up-to-date technology in the domestic manufacture […]

Tender for Subway Cars for Tehran Metro

The first announcement for prequalification of Iranian and foreign companies to supply subway cars for Tehran urban and suburban railway system has been published. The announcement, published both in Persian and English languages, invites eligible Iranian and foreign companies to apply for designing, receiving permission, manufacturing, testing, transferring, commissioning, delivering, training, offering guaranty services, and […]

Russia to build Helicopters in Iran

By John Lee. Russian Helicopters has announced that it intends to set up a helicopter assembly plant in Iran. The company signed a memorandum of understanding (MoU) on potential cooperation with the state-owned Industrial Development and Renovation Organization of Iran (IDRO), as part of a program to modernise Iran’s helicopter fleet. The joint plant in […]

Iran, Russia Finalize Deal on Production of Railroad Cars

The Industrial Development and Renovation Organization of Iran (IDRO) and Transmashholding, Russia’s largest company on the railway machine-building market, finalized a memorandum of understanding (MoU) to boost cooperation in production of railroad cars. The cooperation agreement was finalized during the talks in Moscow between an Iranian delegation headed by Deputy Minister of Industry, Mines, and […]

Japanese Steel Company considers Chabahar Port

By John Lee. A Japanese company has reportedly signed an agreement to study steel production in at Chabahar port. Mehdi Karbasian, of Iran’s Industrial Development and Renovation Organization (IDRO), said that Sojitz Corporation would present its findings to IDRO by September. A final agreement on production of steel sheets would be expected to follow within […]

Belgian Gearbox Factory Opens in Iran

By John Lee. The Financial Tribune reports that the Belgian firm Punch Powertrain has opened a factory to make continuously variable transmissions (CVTs) in Zanjan, northwestern Iran. The company will have an 80-percent ownership of the plant, with Iran’s Industrial Development and Renovation Organization (IDRO) taking 20 percent. 160,000 automatic gearboxes will be manufactured in the […]

Daewoo to set up Iranian Shipbuilding Company

By John Lee. The Industrial Development and Renovation Organization of Iran (IDRO) and Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) have signed Heads of Agreement (HoA) to set up a Joint Venture to develop an Iranian shipyard. The Iranian government has said it will strongly support this business cooperation, and requests the Korean Government […]