Autoneum has concluded an exclusive licence agreement with automotive supplier, Ayegh Khodro Toos (AKT) for the production and distribution of its multifunctional components for acoustic and thermal management in Iran.
Ayegh Khodro Toos will produce carpet systems and inner dashes at its plant in Mashhad (Razavi-Khorasan province) for IKAP, a joint venture between Iran Khodro and PSA.
The first vehicle equipped with Autoneum components, an SUV, will be launched in early 2019. Supplying additional international and local vehicle manufacturers is also planned.
“With 80m inhabitants and around 1.5m vehicles produced annually, Iran is one of the global growth markets and a central automotive hub for the Middle East, Far East and the Caucasus region,” said Autoneum CEO, Martin Hirzel.
“In view of the strong sales potential and the need of our international customers for lightweight components for acoustic and thermal management for regional vehicle production, we are convinced we have found an optimal solution with our licence partner Ayegh Khodro Toos.”
For his part, Ayegh Khodro Toos managing director, Hossein Yazdanbakhsh, added: “We are very excited about the partnership with Autoneum and are proud the market leader in acoustic and thermal management has decided on Ayegh Khodro Toos.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“Due to our knowledge of the Iranian vehicle market and years of operational expertise, car manufacturers in Iran will now also benefit from the highest product quality.”
Ayegh Khodro Toos develops and produces sealants and dampers for the automotive, rail and marine industries. Founded in 1999, the company is the first manufacturer of bituminous magnetic vibration and sound damping pads in Iran
In Mashhad, North East Iran, Ayegh Khodro Toos employs around 80 people. Customers include PSA and Renault-Nissan as well as Iran Khodro and other Iranian manufacturers.