Jan 20, 2008, 8:51 PM

Tehran, Beijing prepare to open Chery plant in Iran

TEHRAN, Jan. 20 (MNA) -- Iranian carmaker Iran Khodro Company (IKCo) CEO Manuchehr Manteghi said here on Sunday that a production line of China’s Chery will soon be launched at IKCo’s Khorasan Razavi Province factory.

The first phase of this line will be inaugurated after the two sides finalize contracts, he told the Fars News Agency.

“The location of this line has been specified, the budget has been allocated, and initial plans have been prepared,” he added.

Manteghi also noted that another Chery production line is to be launched in Mazandaran Province with an estimated annual production capacity of 200,000.

Since the Mazandaran production line will take 18 to 24 months to bring on stream, production at the Khorasan Razavi factory will begin as CKD (complete knock down), he added.

RVA/HG

END

MNA

News ID 26556

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