Iran joins Renault, Peugeot supply chain

IRNA — Iran’s RISECO and MECAPLAST of France signed a joint venture in a situation that 30-percent exports condition will be implemented for a spare part contract.

Speaking in the ceremony to sign the contract on Friday, Chairman of RISECO Board of Directors Hamidreza Samadi said that MECAPLAST is one the biggest spare parts suppliers of France.

Samadi pointed to thirty-percent exports of products, saying this condition has been set by Iran’s request since ‘our activities are not supposed to be restricted to Iran’s borders but beyond the borders’.

Iranian ambassador to France Ali Ahani also referred to producing highly standardized car parts in Iran as one the advantages of the recent contract.

In the meantime, The Chief Executive Officer (CEO) of MECAPLAST Pierre Boulet pointed to the suitable and considerable infrastructures of Iran spare parts industry, saying that during the last years MECAPLAST products were exported to Iran through establishing cooperation with Renault and Peugeot.

“After lifting sanctions and the implementation of Iran nuclear deal also known as the Joint Comprehensive Plan of Action (JCPOA), we are trying to make Iran as one of MECAPLAST’s exports hub,” he said.