TEHRAN- Manufacturing of refrigerators and freezers in Iran during the first quarter of the current Iranian calendar year (March 21-June 21) has risen 29.1 percent from that of the same period of time in the previous year, IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.

The ministry’s data show that 374,000 refrigerators and freezers have been manufactured during the three-month period of this year.

Production of home appliances in Iran has increased 29.4 percent during the first quarter of the current year, as compared to the first quarter of the past year.

As reported, over 1.048 million sets of the mentioned products have been produced in the three-month period of this year.

Meanwhile, over 15 million sets of home appliances have been manufactured in the country during the past Iranian calendar year (ended on March 20), which was 78 percent more than the output in its preceding year.

Rise in home appliances manufacturing and export has been also planned for the current year.

Iran’s Deputy Industry, Mining, and Trade Minister Mehdi Sadeqi Niaraki has stated that the production of home appliances in the country has increased by 36 percent following the exit of foreign brands.

“Following the imposition of U.S. sanctions and the withdrawal of South Korean companies from Iran, the production of Iranian home appliances increased by 36 percent,” Niaraki said on the sidelines of a visit to a production unit.

According to Niaraki, the indigenization of the knowledge for the production of such products has also increased by 20 percent since the Iranian calendar year 1396 (ended on March 20, 2018).

“Currently, Iranian producers have indigenized the knowledge for manufacturing about 70 percent of the country’s home appliance needs, and the figure has reached 90 percent for some products,” he said.

Niaraki noted that considering the Iranian home appliance industry’s infrastructure and capacities, the country will be able to become an exporter of such products in the near future because most of the raw materials needed by the mentioned sector are produced domestically.

Regarding the return of foreign brands like Samsung and LG to the country, Niaraki said: "Currently, the return of foreign companies is not on the agenda; domestic companies have found their place and are fully capable to produce and meet the needs of the country.”

Stating that the Industry, Mining, and Trade Ministry will definitely support domestic manufacturers and national brands, the official added: "Today we have the necessary manpower, knowledge, and infrastructure in the field, so there is no reason to look for foreign sources to meet the country’s demands."

Over the past few years, the Iranian government has been following a new strategy for supporting domestic production to neutralize the impacts of the U.S. sanctions while reducing the reliance of the economy on oil revenues.

The home appliances sector has been one of the pioneers in this regard and like many other areas, the production of home appliances has witnessed a significant rise in the past two years so that in the Iranian calendar year 1398 (ended on March 19) this industry’s production capacity increased by 10 percent compared to the preceding year.

MA/MA