Germany’s VDMA association willing to recapture share in Iran market

TEHRAN, April 16 (Shana) –- A senior member of Germany’s VDMA Plastics and Rubber Machinery Association said German companies are not worried about removal of sanctions on Tehran and are seeking to enhance their activities in Iran.

Ulrich Reifenhäuser, member of the management board of the Reifenhäuser Group and the chairman of the VDMA Plastics and Rubber Machinery Association, told reporter on the sidelines of the 10th Iran Plast Exhibition here in Tehran that Chinese producers cannot be good rivals for German firms in the market.

“German companies are now worried about the snapback of sanctions on Iran and are seeking to enhance their market in the country,” he said, adding that there are, however, certain banking restrictions that are still in place regarding dealing with Iran.

Reifenhäuser said Europeans view Iran positively and are interested to form partnerships with Iranian companies.

Beings state-run weakens Iran’s economy as it allows middle people to lesson purchasing power of end consumers.