Iran Tractor Manufacturing Company

Iran Tractor Manufacturing Company
Type	Public company
Industry	Agricultural Machinery
Founded	Tabriz 1968^[1]
Headquarters	Tabriz, Iran
Area served	Worldwide
Number of employees	5,000 ^[2]
Website	www.itm.co.ir

Iran Tractor Manufacturing Company also known as ITMCO, is a manufacturer of tractor, automobile, 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]

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]

References

External links

Companies listed on the Tehran Stock Exchange

This article is issued from Wikipedia - version of the Monday, March 28, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.