Signing of Equipment Localization Agreement

National Iranian Steel Company (NISCOIR) – with cooperation of “Iran’s Steel Manufacturers Association”- signed a comprehensive agreement through which it has entrusted Turbine Machine m.e. Industrial Group with the design, engineering and manufacturing of their chief and special compressors in existing and future plans, aiming at promoting business environment, localizing foreign equipment and bringing independence, as well as shifting the private sector’s focus towards domestically manufactured products