Iran’s auto industry back in business after lifting of economic sanctions

February 12, 2014

The lifting of economic sanctions on Iran announced in January will come as a huge relief to the country’s automotive industry and its suppliers, which have shed around 115,000 workers since the sanctions were introduced in July 2011. Iran saw car and commercial vehicle production fall by 40% in 2012 from the 1.649 million units produced in 2011, and by a further 38.5% in the first half of 2013 when only 359,670 units were produced in comparison with the same period in 2012.

Iran has a number of Powder Metallurgy component producers including Mashad Powder Metallurgy (including Powder Forging), Arya Powder Metallurgy Group, the Iran Powder Metallurgy Complex (PM parts and water atomised iron powders), LUT Powder Metallurgy, and Sahand Powder Metallurgy Products. All rely heavily on the automotive sector.

Iran’s auto market, which had been important for European manufacturers before the sanctions hit, is once again attracting attention for joint ventures. France’s PSA Peugeot Citroen and Renault in particular stand to gain from renewing their once-sizeable Iranian activities. Renault is reported to have resumed component shipments to Iran and expects its car production in the country to pick up progressively throughout the first half of 2014.

As recently as 2011, Peugeot sold 455,000 cars in Iran, making the country its second-largest market after France. Iran Khodso and Pars Khodro are the local car producing partners to the French car companies.

 

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link