Tag: report 2017

Trump Looming Sanctions Could Cripple Iran Auto Industry

Trump Looming Sanctions Could Cripple Iran Auto Industry

Iran automotive industry reportInternational trade credit insurer Coface says international sanctions have been limiting the improvement of Iran’s automotive industry which was previously the biggest car producer in the Middle East. In order to comprehend the significance of the automobile sector for the Iranian economy¬†and why there are extensive and heated discussions about it, some important details need to be borne in thoughts. Iran is the biggest vehicle producer in the Middle East. Just before the financial sanctions have been imposed, it was the 11th most significant automobile producer in the planet. The automotive sector is the country’s second-largest sector in Iran right after oil. Crucially, it employs far more than 700,000 factory workers.

About three% of nanotech companies in Iran concentrate on the automotive business. Iranian carmakers use nanotechnology to enhance consumer satisfaction and security by providing such comforts as anti-stain dashboards, hydrophobic glass planes and anti-scratch paint. In 2009, researchers at Isfahan University of Technologies developed a robust but light nanosteel as resistant to corrosion as stainless steel for use in road automobiles but also potentially in aircraft, solar panels and other products. Nanotechnology investigation has taken off in Iran considering that the Nanotechnology Initiative Council was founded in 2002. In 2014, Iran ranked seventh worldwide for the volume of papers connected to nanotechnology. The number of papers per million inhabitants has consequently risen from 19 in 2009 to 59 in 2013 , overtaking Japan (56 per million) and approaching the USA (69 per million) in the approach.

The first Ford Model T’s arrived in Iran in the 1930s and by 1955 annual imports had soared to approximately ten,000 units. Nowadays the domestic Iranian automotive sector is estimated to have a yearly nominal production capacity of two million automobiles. It employs more than 1.5 million folks (directly … Read More