AVL

Automotive, Engineering
12
Austria
AVL

info@avl.com

“Iran’s TUVPR and Austria’s automotive consulting firm AVL have signed a deal worth 110 million euros for the production of low-consumption Euro 6 engines, ….  The agreement was signed by a consortium of four Iranian and foreign companies on the sidelines of an Iran-EU trade and investment conference which opened in Vienna on Thursday, TUVPR Managing Director Seyyed Mojtaba Mirsoheil said.” (Press TV, “Iran, Austria firms sign auto engine deal,” 7/23/2015).

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AVL has two U.S. subsidiaries,  AVL North America, Inc. and AVL Powertrain Engineering, Inc. AVL North America has received over $12 million in U.S. government contracts, and AVL Powertrain Engineering has received over $6 million in U.S. government contracts.

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“The research department of Iran's Oil Ministry has signed a deal with Austrian AVL to develop energy saving projects in the Iranian oil industry, IRNA quoted the research department's head, Amir Abbas Hosseini as saying on March 1. The main part of the research department's activities is related to the export of technical and engineering services in the oil industry's upstream sector, he added. Iran is currently providing Iraq and Sudan with educational and operational services, IRNA quoted director of the Iranian Oil Research Center Hamidreza Katouzian as saying on January 3. A number of Iraqi oil engineers have passed educational courses in Iran in cooperation with the Iranian Oil Research Center, he said. Most of the services to Iraq and Sudan are related to the upstream sector of the oil industry, he noted. Iran will also export oil industry technology to Indonesia for revival of 'dead' oil wells, he further said.” (Trend, “Iran signs deal with Austrian firm for energy saving project,” 3/1/14)

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“Multiple companies currently exploring new business ventures in Iran are also cashing in on highly lucrative contracts with the U.S. Defense Department, raising questions about whether their dealings with Iran could run afoul of U.S. law. At least 13 major international companies have said in recent weeks that they aim to reenter the Iranian marketplace over the next several months. The companies have received Pentagon contracts totaling well over $107 billion, according to a Washington Free Beacon analysis that tracked DoD contracts awarded since fiscal year 2009. Many of the companies, which include carmaker Renault and oil giants such as BP, have already sent high-level trade delegations to Tehran to meet with Iranian officials about striking new business deals…These companies include Boeing and General Electric—which have DoD contracts worth $87 and $12 billion respectively—as well as the Italian oil company Eni, Merck, Safran, Vitol, Bosch Rexroth, Sanofi Pastuer, and AVL.” (Washington Free Beacon, “Pentagon Contractors Exploring Business with Iran,” 2/25/14)

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“A delegation of about 10 Austrian companies hoping to win post-sanctions business in Iran following its nuclear deal with world powers will visit Tehran this weekend, the Austrian Chamber of Commerce said…A spokesman for the Austrian Chamber of Commerce said its vice president would go with representatives of the 10 companies on the trip to Tehran, which has had good relations for decades with neutral Austria. The chamber did not want to name the firms but Austrian newspaper Die Presse said that rail technology firms Plasser & Theurer and AVL, high-rise engineering firm Doka, engineering consultants ILF and cable car maker Doppelmayr were among them…Doppelmayr said it would have regional representatives at the talks organised by an Austrian trade representative in Tehran, and AVL said it was sending a delegate. The other companies named had no immediate comment.” (Reuters, “Austrian trade delegation to visit Iran after nuclear deal,” 12/4/13)