EghtesadOnline: Iranian rolling stock manufacturer Wagon Pars Company has built a total of 411 cargo and passenger wagons since the beginning of the current Iranian year on March 21, 2019, according to the company’s CEO.
“This figure is unprecedented over the past 10 years, as our 10-year average production stands at less than 300 wagons per year,” Mohammad Reza Bakhtiari was also quoted as saying by IRNA.
He added that the company aims to build 500 wagons by March 2020, according to Financial Tribune.
According to Bakhtiari, Wagon Pars has the capacity to produce 150 passenger and 1,000 cargo wagons per year.
Wagon Pars, launched in 1974 in the city of Arak in Markazi Province, is a subsidiary of the Industrial Development and Renovation Organization of Iran and the largest manufacturer of freight, passenger and subway wagons in the Middle East.
The company built 290 freight and seven passenger wagons in the last Iranian year (March 2018-19), valued at 812 billion rials ($6 million).