Tag Archives | Transmashholding

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 […]

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 […]

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, […]

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 […]

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 […]