Punch Powertrain and IDRO to open CVT gearbox plant in Zanjan, Iran

The first CVT transmission manufacturing factory in Iran, named 'Qova Moharekeh Punch Powertrain Iran', will be inaugurated on February 7 in Zanjan. Punch Powertrain (80%) and IDRO (20%) invested in the plant, which will produce 160,000 CVT automatic gearboxes annually. Initial investment is 1.1 trillion rials ($27.5 million).

“The first CVT transmission manufacturing factory named 'Qova Moharekeh Punch Powertrain Iran' will be inaugurated on February 7 in Zanjan.”financialtribune.com

• 1 source
• financialtribune.comGearbox Plant in Iran to Open With Belgian Investment | FinancialTribuneFeb 4, 2017

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