Company:Iran Tractor Manufacturing Company
| Type | Public company |
|---|---|
| Industry | Agricultural Machinery , Manufacturer , Heavy equipment |
| Founded | Tabriz (1968) [1] |
| Headquarters | Tabriz , Iran |
Area served | worldwide |
| Products | Agricultural equipment Tractors Combines Self-propelled sprayers Hay tools Forage equipment Seeding & Tillage equipment Diesel engines |
| Services | Parts, Service, Finance |
Number of employees | 5,000 [2] |
| Website | www.itm.co.ir |
Iran Tractor Manufacturing Company also known as ITMCO, is a manufacturer of tractors, automobiles, auto-parts, and heavy machines with main site and headquarters in Tabriz, Iran.[1] ITMCO is enlisted in the 100 fortune companies of Iran.[3] Tractor Manufacturing Company owned a Tractor football club since 1970 to now.
History and development
Based on an agreement that was reached in 1966 between Iran and Romania to establish a tractor manufacturing company in Iran, the company was created in Tabriz in 1968. The first goal of the company was to manufacture 10,000 units tractors of 45-65 horsepower engines with single and double differential gearboxes. In 1976 Massey Ferguson started to assemble tractors in the company with the rate of 13000 units for each year. At the moment the production capacity has been increased up to 30000 units for each year.[1] On 1987 the factory started to increase its foundry capacity to be able to produce casting products for different industries. Nowadays it has the largest foundry capacity among middle east. In 1990s The factory started to produce small trucks and vans behind its main products.
Certifications
Iran Tractor Manufacturing Company has qualified for ISO 9001, and has also received rewards regarding quality and exporting.[1]
Export markets
Iran Tractor Manufacturing Company is currently exporting 13 different products to ten countries.[1]
See also
- Industry of Iran
- IDRO Group
- Privatization in Iran
- List of Iranian companies
- Agriculture in Iran
- National Enterprise Corporation
References
External links
- http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=21923234
- http://www.zawya.com/story.cfm/sidZAWYA20100407034651/Iran%20Tractor%20Manufacturing%20Company%20to%20go%20public
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