Iranian Tyre Company planning to break ground for 200M Euro tyre plant
The Iranian tyre manufacturer Sabalan Tyre Co. is planning to break ground on a new plant for manufacturing of radial tyres.It expected that the project will demand an investment of close to 200 Million Euros for the completion of the project. The proposed plant will be situated in the Sanandaj province & some of the highly sought European tyre & machinery companies have been approached in relation with the said project.
Initially the ground breaking ceremony was scheduled for January 5th 2015 however, the ceremony was postponed as the government official could not reach the site because of bad weather conditions. The project is expected to be a part of Iran’s Economic revival after some turbulent times.