TEHRAN- Iran plans to discuss revival of two domestic home appliance manufacturers, Arj co. and Azmayesh co., with some renowned European and American home appliance manufacturers and marketers.

Some old Iranian home appliance companies, including Arj and Azmayesh, have not been revamped and modernized during the past decades, Abbas Hashemi an official in the Iranian Ministry of Industry told IRNA on Saturday, accordingly the Ministry of Industry has decided to hold talks with some foreign companies namely the American multinational conglomerate corporation General Electric (GE), the American multinational manufacturer and marketer of home appliances Whirlpool Corporation, and the Italian Ariston Thermo Group in a bid to revive and update the named Iranian companies.
 
To secure the required financial resources for the companies’ revival, as Hashemi further described, the Iranian ministry intends to offer their shares to the Iranian private sector so the new owners would make joint ventures with prominent foreign brands. 

HJ/MA