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12th December 2017, Winterthur

Autoneum enters Iran growth market

Autoneum has concluded an exclusive licence agreement with Iranian automotive supplier Ayegh Khodro Toos (AKT) for the production and distribution of its multifunctional components for acoustic and thermal management in Iran.

In the future, 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, the Iranian car manufacturer, and PSA, the French automotive group. The first vehicle equipped with Autoneum components, an SUV, will be launched in early 2019.

With 80 million inhabitants and just around 1.5 million vehicles produced annually, Iran is one of the global growth markets, © Autoneum

“We are very excited about the partnership with Autoneum and are proud that the market leader in acoustic and thermal management has decided on Ayegh Khodro Toos. 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,” commented Hossein Yazdanbakhsh, Managing Director of Ayegh Khodro Toos.

Licence agreement

In order to offer Autoneum's customers the sought-after product portfolio in the Iranian automotive growth market, the company has concluded a licence agreement with the Iranian automotive supplier Ayegh Khodro Toos for the production of innovative components for noise and heat protection in vehicles.

From the beginning of 2019, Ayegh Khodro Toos will produce carpet systems, inner dashes and floor insulators, as well as trunk trims, in its Mashhad plant in the northeast of the country for Iran-producing car manufacturers Iran Khodro and PSA.

Supplying additional international and local vehicle manufacturers is planned. In cooperation with Autoneum, Ayegh Khodro Toos benefits from the innovative strength and long-standing expertise of the market and technology leader in acoustic and thermal management. The components developed by Autoneum at its research centre in Winterthur, Switzerland, are said to make vehicles lighter, quieter and safer and reduce vehicle weight, fuel consumption and CO2 emissions.

Strong sales potential

“With 80 million inhabitants and just around 1.5 million 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 Martin Hirzel, CEO of Autoneum, on the signing of the contract.

“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 that we have found an optimal solution with our license partner Ayegh Khodro Toos. Autoneum's innovation leadership and the manufacturing expertise of Ayegh Khodro Toos complement each other, ensuring the market-oriented launch of the Autoneum product portfolio in Iran.”

www.autoneum.com

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