Bosch Thermotechnology's new collaboration in Iran
- Bosch has entered into collaboration on heating systems and domestic hot water systems for independent accommodation units with Butane, one of Iran’s leading heating and cooling companies
- Iran, with its growing dynamic structure, is one of the region’s most attractive thermotechnology markets
- The new collaboration covers manufacture, distribution and after-sales services
Bosch has entered into collaboration on heating systems and domestic hot water systems for independent accommodation units with the Butane Industrial Group. The partnership covers manufacture, distribution and after-sales service Bosch residential heating systems and domestic hot water systems for independent accommodation units. The aim of this partnership is to achieve a large market share in Iran, which, with the largest population in the Middle East, is expected to be among the five largest thermotechnical markets in the world in 2021.
A high potential market full of promise for the future
Dynamic growth is expected in Iran in the forthcoming years: With a population of nearly 80 million Iran is going to be a promising market. Currently, 97% of urban dwellings, and 70% of dwellings in rural areas use natural gas.
Bosch opened new headquarters in Tehran last year, but our history in the country dates back to 1924.
The Butane Industrial Group, founded in 1953, and with 2000 employees, is the largest manufacturer of wall-mounted combi boilers and gas-fired water heaters in Iran.
Thomas Bauer, Bosch Thermotechnology board member, commented: «Iran has great potential and is an ideal market in which to strengthen our international trade. We are very pleased to be in collaboration with the Butane Industrial Group, a strong local partner. Iran is a dynamic country with a young and well-educated population. We therefore look to our innovative appliances to support and manage the modernisation process».
Butane Industrial Group board member and president Mohamad Abedi commented that «The Butane Industrial Group has been serving its Iranian customers for more than 65 years, and is a presence in more than 11 million homes. We are very excited about our partnership with Bosch, a world leader in heating systems. We believe that this partnership will add unprecedented value to our growing market.».