20 February 2016 - 14:36
  • News Code: 255465
Ban-free Iran will become ME Hub of Automobile Industry: FEV

TEHRAN, Feb. 20 (Shana) -- Vice president of giant engine provider FEV says Iran could have become the center of automobile industry in the Middle East had the sanctions not prevented the country’s progress in the field.

“Iran could be the center of automobile industry in the Middle East but, due to the sanctions, that has been postponed,” said Michael Wilhelm speaking with RIPI on the sidelines of the 9th International Conference on Internal Combustion Engines and Oil Industry on Tuesday.

However, “we are expecting a lot of projects that are being created here [in Iran],” he said.

The senior German engineer said what is good about Iran in comparison with its neighbors is that in Iran there are “very good educated engineers” and that is one of the most important factors required to push the industry.

He said there is already production facilities and experience with production in Iran so “everything is available for a good industrial development”.

Iran has held an international conference and exhibition on internal combustion engines and oil industry to woo foreign investments to develop the sector now than international bans on Tehran’s nuclear program have been lifted.

Exhibitors from 700 participants from 10 countries, including Germany, Austria, Netherlands, France, Italy, India, China and South Korea, have attended the conference and presented their latest products on the sidelines of the event.

Beginning on Tuesday, February 16, the three-day event is put together by the Iranian Society of Engine and the Research Institute of Petroleum Industry (RIPI) and is aimed at devising a strategic document on fuel, propulsion and environment in Iran, as well as promotion of oil industry interactions and cooperation with the engine industry. 

FEV is an engineering consultation company and engineering consultancy company. It is one of the world's largest independent development service providers in the development of engines and vehicle technology with headquarters in Aachen. Clients of FEV are almost all well-known vehicle manufacturers in the world. FEV is owned by the Pischinger family.

They design and develop engines for appliances, cars and commercial vehicles, but also for ships and locomotives - from the sketch to the start.

The firm acts worldwide and offers engineering services for power trains engines and transmission developments, and electronics and technologies required for so called new-energy and electric means and hybrid vehicles.

FEV partnered Iran Khodro to produce EF7 engine which is a 1.7-liter, dual fuel engine.

“There is a lot of work to do here in Iran. Iran has very good engineers and have very good facilities for production so everything is available for a very good environment for automotive industry and development activities and since our company supports development of engines, transmission, etc., we look very positive into the future and we are expecting a lot of projects here in Iran where we can provide our services,” Wilhelm said.

With the help of external companies, we can start immediately such projects and it takes a certain amount of time to get the Iranian capabilities ready to act more or completely independent, he said.

He also said another two years is needed for Iran to be back on the level it was before the sanctions.

News Code 255465

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