Primetals Technologies and Fakoor Sanat Teheran sign cooperation agreement worth 1.8 billion euros on steel projects in Iran
- ​Joint handling of Iranian steel projects
- Project volume over 1.8 billion euros
During an Austrian-Iranian business forum in Vienna,
Austria, Primetals Technologies and Fakoor Sanat Teheran Engineering
Co. signed a general agreement on jointly implementing various projects
in the Iranian steel industry. The total volume of those projects
already named is estimated to be more than 1.8 billion euros. The
collaboration agreement is likely to be extended to cover further
projects.
"The agreement signed today with our Iranian partners
is an important milestone on the path to enhancing the position of
Primetals Technologies as the leading technology supplier to the steel
industry worldwide. Iran is a country with great potential for the
future, and the domestic steel industry plays a lead role in the
development of this potential. We look forward to working on the
upcoming projects with our Iranian partners," said Yasukuni Yamasaki,
CEO of Primetals Technologies. Iran will be offering good business
opportunities in the medium term. The country is one of the world's 15
biggest steel producers, and has large deposits of iron ore and energy
resources. The economic development of the country suggests that demand
for steel will increase in many sectors, especially in infrastructure
and the oil and gas industries. The Iranian government plans to more
than double the steel production capacity over the next ten years.
"The cooperation with Primetals Technologies and Fakoor Sanat
Teheran Engineering Co. will cover all stages of the value chain in
steel production. With our decades of experience, the advanced
metallurgical and technological expertise of our engineers and
technicians, and our comprehensive portfolio of trailblazing and
innovative technologies, we see ourselves as the ideal partner that can
fulfill the high expectations of our Iranian partners for technologies
and engineering skill," said Dr. Heiner Röhrl, CEO of Primetals
Technologies Austria and member of the Managing Board of Primetals
Technologies. Primetals Technologies has a long-standing tradition of
supplying equipment to the Iranian steel industry, and a large number of
reference plants in the country.
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Contact for press inquiries and journalists only:
Dr. Rainer Schulze:
rainer.schulze@primetals.com
Tel: +49 9131 7-44544
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Click here to download the press release in English
Click here to download the press release in German
Primetals Technologies, Limited, headquartered in
London, United Kingdom, is a worldwide leading engineering,
plant-building and lifecycle partner for the metals industry. The
company offers a complete technology, product and service portfolio that
includes the integrated electrics, automation and environmental
solutions. This covers every step of the iron and steel production chain
that extends from the raw materials to the finished product – in
addition to the latest rolling solutions for the nonferrous metals
sector. Primetals Technologies is a joint venture of Mitsubishi Heavy
Industries (MHI) and Siemens. Mitsubishi-Hitachi Metals Machinery (MHMM)
- an MHI consolidated group company with equity participation by
Hitachi, Ltd. and IHI Corporation - holds a 51% stake and Siemens a 49%
stake in the company. The company employs around 9,000 employees
worldwide. Further information is available on the Internet at
www.primetals.com.