Capabilities and production capacities of Arak HEPCO Company were introduced on Wednesday to a delegation of Italian investors from CNH Company and Iranian activists in industrial sector from the province.
Director General for economic affairs coordination of Governorate General of Markazi Province Mahmoud Nemati said that removing sanctions has created an opportunity to be able to have joint ventures with different world companies, including CNH from Italy.
He added that 31 foreign companies have joint ventures in Markazi province.
Nemati said that to support foreign investors in the province, a public center was established to offer all services needed by investors in the shortest possible time.
He said that the province is located at center of north-south transit corridor and all kind of energies like, oil, gas and electricity are being transported across the province.
Nemati also said that the province is the fourth polar of industry and by view of deploying big industries is the second polar of the country explaining that there are 3,000 industrial units in Markazi province which is known as industrial capital of Iran.
The official said that in addition to experts and specialists, who are working in Heavy Equipment Production Company (HEPCO), there are 100,000 students in scientific and technical education centers in the province.
Nemati added that there are special supportive and persuading law and regulations for foreign investors in the province.
HEPCO is producing agricultural machineries as well as road construction equipment.
Marketing Manager of HEPCO Hamid Qozati also presented a report on history of cooperation with CNH (former New Holland) before imposed sanctions.
CNH is one the largest producers of road construction, agriculture machineries, off-road machineries, off-road trucks, and machineries to be used in mines and dam construction and is considered as one of the three top companies in the world.