President inaugurates rls 325bn auto manufacturing project
President Mahmoud Ahmadinejad on Friday inaugurated an auto production line in Mashhad, a city in this northeastern Razavi Khorassan Province.
news id: 12600 -
Friday 10 October 2008 - 11:38
The auto production line in Sanabad Auto Manufacturing Plant in Tus Mashhad Auto Manufacturing Facility is set to produce 15,000 sedans annually in the first phase.
China and Germany are other beneficiaries in the project which cost rls 325 billion (rls 250 billion plus dlrs 7.5 million) to be implemented.
In the second phase, the plant will double its production to 30,000 two-series sedans a year.
The project recruits 360 workforce directly and is estimated to generate rls 20,000 billion revenues in the first five years of its operation.
Mashhad, Razavi Khorassan Prov., Oct 10, IRNA
news id: 12600
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