Iranian Rail Industries Development Co (IRICO) ( fa, ایریکو, ''Iriku'') is an Iranian manufacturer of passenger rolling stock. The company was founded in 2003 and began series production of rail vehicles in 2009. The company has several license manufactured rolling stock in cooperation such as

Hyundai Rotem Hyundai Rotem (founded in 1977) is a South Korean company that manufactures rolling stock, defense products and plant equipment. It is a part of the Hyundai Motor Group. Its name was changed from Rotem to Hyundai Rotem in December 2007 to refl ...

Siemens Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', '' ...

, Stadler & CRRC Puzhen.

History

Iranian Rail Industries Development Co (IRICO) was founded in with the aim of domestic manufacture of rolling stock including metro, suburban, light rail and monorail vehicles. A $45 million investment established a factory in Abhar, Zanjan province Iran. IRICO designs & manufactures various types of rolling stocks such as passenger coaches, metro cars, Diesel Multiple Units ( RailBus DMU), various freight wagons and

bogie A bogie ( ) (in some senses called a truck in North American English) is a chassis or framework that carries a wheelset, attached to a vehicle—a modular subassembly of wheels and axles. Bogies take various forms in various modes of transp ...

s in accordance with UIC standards. Moreover, IRICO rolling stock design & engineering team, expertise and experience of engineers, production team and its domestic and international supply chain give it the capability to provide high performance refurbishment, overhaul and upgrading/renovation services for passenger coaches and locomotives either at IRICO facilities or at client remises. Production at the plant began in February 2009 after a formal inauguration in December 2008; at inception the plant had a capacity of 100 vehicles p.a. with single shift working. In 2004 Rotem entered into a technology transfer and manufacturing agreement (value €110 million) with IRICO for the supply of passenger trainsets; 24 units were to manufactured by Rotem in 2006, 24 assembled from CKD kits by IRICO, and the remainder manufactured by IRICO with Rotem assistance. The trains were manufactured for the Raja Passenger Train Company. In 2010 IRICO won a contract to supply 135 vehicles for the

Shiraz Metro The Shiraz Metro ( fa, متروی شیراز, Metro-yé Shiraz) is the rapid transit system in Shiraz, Fars, Iran, operated by Shiraz Urban Railway Organization. Construction began in 2001, and service in the first line officially commenced on ...

. In March 2016 IRICO was acquired b
IGG Group
The DMU contract was extended in December 2017 to another contract for supplying 450 DMU cars for increasing passenger transportation capacity of Iran. The first 150 vehicles will be built at Hyundai Rotem’s plant in

Changwon Changwon () is the capital city of Gyeongsangnam-do, on the southeast coast of South Korea. With a population of 1.07 million , Changwon is South Korea's ninth-most populous city. A port city, Changwon is bordered by Masan Bay to the south ...

, Korea. The remaining 300 vehicles will be assembled locally by Iranian Rail Industries Development (IRICO). All 450 cars will be delivered within 78 months of contract signing. has been awarded a $US 856 million contract by Iranian Islamic Republic Railways
RAI
) to supply 150 three-car DMUs.

References

External links

* {{citation, url= http://www.iri.co.ir, archive-url = https://web.archive.org/web/20090221155729/http://iri.co.ir/, archive-date = 21 February 2009, title = IRICO official website, Official site (archived) Rolling stock manufacturers of Iran Manufacturing companies based in Tehran Iranian entities subject to the U.S. Department of the Treasury sanctions

History

See also

References

External links