Iran to build bicycle factory in Venezuela

Madrid, June 10, IRNA-Iranian companies will build factories in Venezuela to produce bicycles for that country and the Latin America region. Venezuelan Minister of Light Industry and Mine Victor Alvarez, declaring the news, said, "President Chavez has asked ministers of commerce and light industry to follow seriously the project of manufacturing Iranian bicycles in Venezuela". Venezuela has recently commissioned an Iranian tractor assembling factory. Establishment of a cement factory, constructing residential buildings and implementing some industrial and construction projects by Iranian experts are parts of cooperation plans between the two countries.

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