Drop in Elevator Production
The production of elevators has currently declined from 70,000 units in the fiscal 2013-14 to between 25,000 and 30,000 per year.
According to Abbas Abrishami, the head of Iran’s National Elevator Union, Iran has an annual production capacity of 80,000 elevators, but recession in the construction sector has led to a decline, he was quoted as saying by IRNA.
According to the official, the fiscal 2013-14 saw the highest number of elevators produced in Iran, as construction of the so-called Mehr Housing Scheme apartments was in full swing then.
The Mehr project is a large-scale construction program initiated in 2007 by the government of former president, Mahmoud Ahmadinejad, to provide 2.2 million low-income people with housing units through free land and cheap credits.
There are a total of 750,000 operating elevators that are used by 250 million Iranians every day.
Iran’s National Elevator Union has 1,800 members.
source: Financial Tribune
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