Finnish mining equipment company hopeful about Iranian market

Business Materials 14 December 2015 21:00 (UTC +04:00)

Tehran, Iran, Dec. 14

By Mehdi Sepahvand - Trend:

Finnish mining equipment producer Sleipner Finland has found signs of hope to find way into Iran in the near future.

"Sleipner Finland had great interest from local dealer/agent companies in order to represent our products in Islamic Republic of Iran. We are looking for to sign distributor agreement with local partner early 2016," Janne Pollanen, director of marketing and business development and co-owner of Sleipner Finland told Trend December 14.

Sleipner Finland is a manufacturer of innovative and globally patented product for moving tracked machines in open pit mining, aggregate mining, earth moving, construction and other business segments that use tracked machines.

Last week the company visited Iran along with a Finnish delegation that was led by Minister for Foreign Trade and Development Lenita Toivakka.

Mining in Iran is underdeveloped, yet the country is one of the most important mineral producers in the world, holding some 68 types of minerals, 37 billion tons of proven reserves and more than 57 billion tons of potential reserves that were worth $770 billion in 2014.

However, currently mineral production contributes only 0.6 percent to the country's GDP.

The Sleipner system helps increase production time per unit hundreds of hours in a year.

Sleipner products are currently used by seven out of the 10 biggest mining companies at their operations locally around the world.

Heading a 100-member delegation, representing 70 companies in the sector of industry, which are advanced and all interested in environment, health, forestry and education, Toivakka arrived in Tehran Dec. 7 to discuss boosting mutual ties in Iran's post-sanctions period.

Matti Anttonen, director general of the department for external economic relations of Finland's Foreign Affairs Ministry, said Oct. 27 that Finland welcomes resuming cooperation, especially in the field of technology and investment.

Iran is expecting the removal of sanctions in the coming weeks, after which it will be able to make new deals with foreign companies.