History
2024: Iran's biggest appliance maker Entekhab fails to buy Vestel plant in Vladimir region due to need to spend $80 million to restart it
On September 25, 2024, it became known that the Iranian company Entekhab Group, one of the largest manufacturers of household appliances in Iran, stopped negotiations on the purchase of the Vestel plant in the city of Alexandrov, Vladimir Region. As it became clear during the negotiations, the restart of the plant, which has been mothballed since 2016, required an additional $80 million to be invested in the conversion, which became the main obstacle to completing the transaction. Go in detail.
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |