Danieli Persia starts operation

(Wednesday, May 17, 2017) 10:15

Leading Italian company in the steel industry inaugurates its workshop in Iran.

By: Dr. Mahya Karbalaii

Danieli Persia, the Iranian manufacturing company of Danieli & Co was inaugurated in Alborz Province on 2 March 2017.
Minister of Trade and Industry, Mohammadreza Nematzadeh, who joined the inauguration ceremony said: “This is going to be a start for further collaborations between Iran and Italy. Danieli has been active in Iran for many years but since lifting the sanctions, in every meeting, I have asked Mr. Benedetti, CEO of Danieli, to build a manufacturing company in Iran to help transferring the know-how to Iranian engineers”.

In January 2016, Danieli signed an agreement worth 5.7 billion euro on a joint venture and orders for the supply of machinery and plants to be installed in the territory of Iran.

“As the first step, we will employ 100 people, where 90% of them will be Iranian”, said Michael Cottin, CEO of Danieli Persia, “we also plan to expand our activities in other fields, particularly in non-ferrous and Oil and Gas industry”.

Danieli workshop is built in an area of 14 hectares in Eshtehard Industrial Park, in Alborz Province, about 100 Km from Tehran. The total investment has been 40 million Euros to be the biggest initial investment of Danieli & Co. The workshop is equipped with heavy-weight lifting cranes and highly accurate and automated machineries.