TEHRAN, Oct. 17 (Xinhua) -- Iranian major tire producer Yazd Tire has concluded a deal to sell tires to France's carmaker Renault's Algerian operations, local media reported on Tuesday.
Under the deal, 50,000 tires produced by Yazd in central Iran will be exported to Algeria to be used by the French car giant in its Algerian manufacturing plant in the northwestern port city of Oran, the Financial Tribune daily reported.
Renault's office in Tehran told Financial Tribune that the company is working with Yazd Tire, without disclosing details.
Mohammad Reza Ganji, chairman of Iran Tire Industry Association, said that Renault has agreed to help facilitate exports from Yazd Tire.
"The French automotive company has placed Yazd Tire on its list of trusted suppliers," Ganji was quoted as saying.
Yazd Tire produces tires for passenger vehicles, heavy-duty trucks, bicycles, and motorcycles. It has an annual output of 3.5 million tires with an estimated 10-12 percent share in the local market.
The firm has previously signed a deal with the Netherlands-based tire manufacturer Apollo Vredestein B.V. to produce tires under the Dutch license.
Yazd Tire CEO Eskandar Sotoudeh said his company has shipped products worth of 10 million U.S. dollars to countries in Africa, Central Asia and the Middle East during the past Iranian calendar year that ended on March 20, 2016. Enditem
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