Everest Kanto to open facilities in Iran


Resports say India’s largest CNG and industrial gas cylinder manufacturer, Everest Kanto Cylinders (EKC) is planning to build a new plant in Iran.

The Iran plant was being mulled over 4-5 years, but the plans were shelved for a number of unknown reasons. Everest Kanto has continued its supply to Iran from its Dubai unit and by providing assistance to the local manufacturers for setting up a plant, DNA reported.

The company plans to set up a facility with an initial capacity of 200,000 cylinders a year and will hold 49 percent stake in the project with an investment of $20 million.

The management control of the operation will vest with EKC. This will be EKC’s third overseas plant after Dubai and China.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...