Iran Tractor Manufacturing Company also known as ITMCO, is a manufacturer of tractors, trucks, auto-parts, and diesel engines with main site and headquarters in
Tabriz
Tabriz ( fa, تبریز ; ) is a city in northwestern Iran, serving as the capital of East Azerbaijan Province. It is the List of largest cities of Iran, sixth-most-populous city in Iran. In the Quri Chay, Quru River valley in Iran's historic Aze ...
,
Iran
Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...
.
[Official website]
ITMCO is enlisted in the 100 fortune companies of Iran.
Tractor Manufacturing Company owned
Tractor sport club since 1968 to 2011.
History and development
Based on an agreement that was reached in 1966 between Iran and
Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and ...
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
Horsepower (hp) is a unit of measurement of power, or the rate at which work is done, usually in reference to the output of engines or motors. There are many different standards and types of horsepower. Two common definitions used today are t ...
engine
An engine or motor is a machine designed to convert one or more forms of energy into mechanical energy.
Available energy sources include potential energy (e.g. energy of the Earth's gravitational field as exploited in hydroelectric power ...
s with single and double differential
gearbox
Propulsion transmission is the mode of transmitting and controlling propulsion power of a machine. The term ''transmission'' properly refers to the whole drivetrain, including clutch, gearbox, prop shaft (for rear-wheel drive vehicles), differe ...
es. In 1976
Massey Ferguson
Massey Ferguson Limited is an American agricultural machinery manufacturer. The company was established in 1953 through the merger of farm equipment makers Massey-Harris of Canada and the Ferguson Company of the United Kingdom. It was based in ...
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.
[ 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.
As of 2021, ITMC has 12 subsidiaries which contract out many tasks to 800 domestic parts manufacturers employing 200,000 people. ITMC also builds engines for various machines, including graders, compressors, water pumps, generators, forklifts, combine harvesters and road construction vehicles. ITMC makes 90% of the parts inside of Iran.
]
Certifications
Iran Tractor Manufacturing Company has qualified for ISO 9001
The ISO 9000 family is a set of five quality management systems (QMS) standards that help organizations ensure they meet customer and other stakeholder needs within statutory and regulatory requirements related to a product or service. ISO ...
, and has also received rewards regarding quality and exporting.[
]
Export markets
''Iran Tractor Manufacturing Company'' is currently exporting 13 different products to ten countries, including Europe.[
]
See also
*Industry of Iran
According to a report by ''The Economist'', Iran has been ranked 39th for producing $23 billion of industrial products in 2008. From 2008 to 2009 Iran has leaped to 28th place from 69th place in annual industrial production growth rate.
T ...
*IDRO Group
The Industrial Development & Renovation Organization of Iran (IDRO) known as IDRO Group was established in 1967 in Iran. IDRO Group is one of the largest companies in Iran. It is also one of the largest conglomerates in Asia. IDRO's objective is t ...
*Privatization in Iran
According to the Fourth Five-Year Economic Development Plan (2005–2010), the Privatization Organization of Iran affiliated with the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public ...
*List of Iranian companies
This is a list of notable companies based in Iran. For listing criteria, see methodology section.
Current companies
*holding company
Methodology
Under a plan calledTop Iranian Companies the 100 top publicly traded Iranian corporations are cho ...
*Agriculture in Iran
Roughly one-third of Iran's total surface area is suited for farmland, but because of poor soil and lack of adequate water distribution in many areas, most of it is not under cultivation.
Only 12% of the total land area is under cultivation (arabl ...
*National Enterprise Corporation
The National Enterprise Corporation (NEC) is a state-owned corporation in Uganda. It is the commercial arm of the Uganda People's Defence Force. NEC was established in 1989 by an Act of the Parliament of Uganda. Its investments and activities i ...
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
{{Portalbar, Iran
Iranian brands
Manufacturing companies established in 1968
Companies listed on the Tehran Stock Exchange
Economy of Iranian Azerbaijan
Diesel engine manufacturers
Engine manufacturers of Iran
Iranian entities subject to the U.S. Department of the Treasury sanctions
Agriculture companies of Iran