JOINT IRAN-AZERBAIJAN CAR PLAN TO START SALES WITHIN DAYS – ECONOMY MINISTER
BAKU (AZERBAIJAN), June 7 (NNN-FNA) -- Azerbaijan's Economy Minister Shahin Mustafayev said that a joint auto factory of Iran's giant automaker Iran Khodro and Azerbaijan's Azermash will start car sales within days.
Mustafayev made the remarks in a joint press conference with Iranian President's Chief of Staff Mahmoud Vaezi in Baku.
He underlined that the factory is located in Neftcala, and said, "Fortunately Azeri governmental bodies are among customers of the factory products."
In late May, joint auto factory of Iran's giant automaker Iran Khodro and Azerbaijan's Azermash was inaugurated on the outskirts of Baku city.
The joint auto factory was opened by Iranian President Hassan Rouhani and his Azeri counterpart Ilham Aliyev in an official ceremony.
The construction of the joint car factory began in 2016 in an industrial area, known as Neftcala, 18 km south of Baku.
The factory is one of the biggest manufacturing units in the area with a capacity of manufacturing 10,000 sedans a day in various models.
Iran Khodro owns 25 percent of the shares.
At the factory, equipped with modern machinery, Rana, Samand, Dena, Peugeot 206 and 207, Renault Pickup, and Renault Tondar will be manufactured.
Iran has so far invested 24 million Azerbaijani manat (1 manat: 0.59 US dollars) in the car factory.
The first phase of railway project connecting Iran's Astara to Azerbaijan's Astara and its terminal that was inaugurated a few days ago was symbolically opened by in the two countries' presidents. -- NNN-FNA
Source: NAM NEWS NETWORK