Others News
- Norinco signs contract in Iran
Date: 24-Jul-2007 Sources: (Shenzhen Daily)
DOMESTIC arms and machinery maker Norinco has signed a major contract to supply subway trains to Iran, but warned that international tensions over the country's nuclear program could derail the deal.
Shenzhen-listed Norinco International Cooperation Co. agreed to supply subway trains and parts worth 424.5 million euros (US$587 million) for use in Tehran, the company said in a statement. The equipment will be sold to TWM, a joint venture between Iranian railway and industrial firms and Chinese interests.
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