TOKYO -- Chiyoda, Toyo Engineering and other leading Japanese plant builders are launching feasibility studies to clinch orders in resource-rich Iran, hoping to catch up with European and Chinese competitors already making inroads there.
Japanese contractors and automakers closed down or greatly cut back their business in Iran after the international community imposed sanctions for the country's nuclear program. But now that the embargoes have been lifted, investments and exports to the country are expected to pick up again. Kansai Paint has already announced plans to return to Iran.
