Iran, China to Build Transformator Production Plant http://english.farsnews.com/newstext.php?nn=8912231178

Iran and China plan to construct a transformator manufacturing company in the Southeastern Iranian city of Bardsir through joint venture, a provincial industrial official announced on Monday. Head of the Industries and Mines Organization of Iran's Southeastern Province of Kerman Mohammad Abedinejad announced that an agreement was signed between the Iranian Radniroo Company and the Chinese Velvang Electric Company for the development of the company in three phases.  He added that 1,000 billon Rials ($100mln) will be invested in the construction of the plant. Iran and China's trade value hit $30bln in 2010, and officials of the two sides say that the figure would be raised up to $100bln in the next five year. China is a main importer of Iranian products and is a destination of about 18 percent of Iran's non-oil exports.