Iran/Denmark: Denmark's FLSmidth has selected Iranian Ehdas San'at Company as its representative for the implementation of projects and services in Iran.

Managing Director of Ehdas San'at Morteza Hashempour and the Director of FLSmidth, Thomas Schulz, have signed a scientific, technical and economic cooperation memorandum of understanding to cooperate in the cement industry in Tehran. Ehdas San'at has agreed to a close cooperation with FLSmidth in the field of producing related equipment and constructing new projects, as well as the optimisation and reconstruction of existing cement plant.

Following the recent agreement between Iran and the P5+1 (the five permanent UN Security Council members plus Germany) group of powers in Vienna on 14 June 2015, Iran has been inundated with offers from foreign companies. Top Iranian officials have repeatedly said that they accept offers only from foreign applicants that make investments in Iran and share technological know-how with the country.

Earlier in September 2015, Iranian Deputy Energy Minister Alireza Daemi said that companies from several European and Arab countries have declared deep interest in broadening ties with Iran in the water and power industries. "Companies from Austria, Germany, France, Italy, as well as some Arab countries, have voiced readiness to finance projects in various sectors in Iran," said Daemi. "We seek to increase productivity and efficiency in the domestic power sector by exchanging technological experience and knowledge with foreigners."