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March 2026.
Production during the first six months of the current Iranian calendar year was reported by NPC at 32.8mn tonnes, representing an 8% increase year on year. According to Jalal Mirhashemi, NPC production control director, the company’s priority is to meet domestic needs, and then exports are handled.
Meanwhile, in August the NPC managing director Behzad Mohammadi said that Iranian revenues from petrochemicals are seen rising to $50bn per year by the year 1406, which starts in March 2027.
9.2.2 Automotive corporate news
Tehran’s Iran Tire announces relocation and expansion project
Big Russian automaker ‘has approached Iranian companies in search for critical vehicle components’
Tehran-based Iran Tire, a manufacturer of passenger car, truck and bus tyres, is relocating its production site to support further expansion and meet stricter environmental standards brought in by the government, European Rubber Journal (ERJ) has reported.
At a cost of €130mn, Iran Tire will relocate to to MahdiShahr, around 220 kilometres northeast of the capital city, Hassan Salehi, vice president for development and technology at the company, said in a statement provided to ERJ.
The relocation and expansion project reportedly means that from 2024, Iran Tire will boast a “brand new” 25 kilotonne per annum (ktpa) production capacity for passenger car and light truck tyres.
Total tyre production is to be brought to 40ktpa, according to the statement. The existing factory has the capacity to manufacture 28 ktpa of tyres/year. The new plant will largely rely on Chinese equipment.
The final phase of the project will deliver a 20 ktpa production line for truck and bus radial tyres, according to the report.
Iran Tire was founded in Terhan in 1965 by General Tire and Rubber Co.
In April, Iran’s oldest tyre factory, debt-ridden Kian Tire, announced it was to attempt to continue production under special measures. In 2019, Kian Tire declared bankruptcy but further loans from local banks and the state’s role in keeping operations running ensured its survival.
A big Russian automaker has approached Iranian parts manufacturers to access supplies of critical vehicle components, Iran’s official news agency IRNA reported on May 2, referring to an approach known to the Iranian Auto Parts Manufacturers Association (IAPMA).
Sanctions imposed on Russia as a result of its invasion of Ukraine have severely disrupted car production in Russia, the eighth-largest automotive market in the world, the news service said, adding that the Russian carmaker, which it did not identify, had sounded out Iranian parts manufacturers on a wide range of potential supplies.
Master cylinder brake boosters, hydraulic anti-lock braking systems, ABS sensors, seat belts, airbags, alternators, air conditioners, oxygen sensors, thermostats and window lift systems were reportedly among parts demanded by the Russian automaker, an IAPMA representative was quoted as saying. Iran has exported automotive components including engine cooling systems, suspension products and casting parts to the Russian market in recent years, IRNA said.
Russian automakers are scrambling to find alternative parts to products they now cannot obtain from various countries that are taking part in the sanctions campaign against Russia triggered by the war. In terms of Ukraine itself, Russian automakers are now unable to source Ukrainian wire harnesses, used in vehicles for electrical power and communication between parts, the news
72 IRAN Country Report June 2022 www.intellinews.com