Euroguarco sets up the joint-venture MEL Valve & Forging Iran, together with the Italian partner Memit F.I. and other Iranian partners of the same sector, for the production of ball valves up to 42”, flanges up to 72” and special forgings.

In September this new company will constitute a new plant in the Special Economic Zone of Shiraz, nearby one of the biggest petrochemical industries of the country.