# 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).

- Type: New facility
- Announced: 2017-02-04
- Where: Zanjan, Iran
- Value: $27.5M
- Jobs: 100
- Starts operating: 7 Feb 2017
- Status: under construction
- Capacity: 160,000 CVT automatic gearboxes per year
- Products: CVT automatic gearboxes
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Punch Powertrain](https://endata.com/companies/2786.md) (investor)
- [Industrial Development and Renovation Organization](https://endata.com/companies/21972.md) (investor)

## Sources

- [financialtribune.com](https://financialtribune.com/articles/auto/58859/gearbox-plant-in-iran-to-open-with-belgian-investment), 2017-02-04: "The first CVT transmission manufacturing factory named 'Qova Moharekeh Punch Powertrain Iran' will be inaugurated on February 7 in Zanjan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.