High-ranking officials from the two Iranian and German companies of IDEM and Daimler agreed on producing three engines in IDEM - Iranian Diesel Engine Manufacturing Company.
Daimler officials who entered Iran after the fulfillment of JCPOA, discussed signing up in Iran's market and industry and also signed a memorandum of cooperation with IKCO during meetings held in the presence of IKD, IDEM and Daimler CEOs. The Cooperation aims at producing three diesel engines in Tabriz.
The engines to be manufactured in IDEM in Tabriz will be 400 series diesel ones, 900 series meeting Euro IV and V standards for heavy and semi-heaving vehicles and also CNG 900 series covering Euro 6 standards, enjoying 300hp and 7.7 liter of capacity.
In the meantime according to this memorandum of cooperation, the German Daimler will own 30% of IDEM shares, based on which an extended cooperation in manufacturing new products and updating the used technology will be guaranteed.
It's noteworthy agreeing upon Daimler's strong presence in Iran's commercial vehicle industry, Yekehzare IKCO CEO and Wolfgang Bernard Daimler's board member signed related documents.
IDEM is a diesel engine manufacturer in the industrial zone in the North West of Iran. This company was first put into production in 1972 with the joint investment of Iran (70%) and Daimler (30%).
The company manufactures more than 12000 diesel engines per annum and also exports engines to other countries including Germany.
© Press Release 2016
