Swedish mechanical components manufacturer Leax Group is reported to be eyeing the Iranian market for potential major new business.
Following a recent visit to the country organised by Scandinavian automotive supplier association, FKG, Leax Group president and CEO Roger Berggren (pictured) told just-auto:
“Iran used to be a very good market for Volvo and Scania and we are a major supplier to the truck industry.
“We know the investment level has been very low due to sanctions and there may be a replacement need in the market.
“With that as a base – and Iran is a big country of 80 million people – that was the starting point.
“[The trip] was partly subsidised and sanctioned by the Swedish government. The picture of Iran is making people a bit reluctant to go on such a journey [and] it is not the easiest market to work on. The nuclear agreement is still not signed, but we know doing business will take time.
“People were very pleased to see us. We met several companies, IKCO, Sapia and some suppliers. We [also] met some tractor manufacturers and we can see the technology level is at least ten years behind – they want new technology.”