Industrial Development and Renovation Organization

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New facility

Feb 4, 2017NEW FACILITYZanjan, Iran$27.5M100 jobsops 7 Feb 2017
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).
Punch Powertrain investor Industrial Development and Renovation Organization investor #Automotive Components financialtribune.com

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