Iranian Rail Industries Development Co

Iranian Rail Industries Development Co (IRICO) (Persian: 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, Siemens, Stadler & CRRC Puzhen.

Iranian Rail Industries Development Co (IRICO)
IndustryRail Transport
Founded2003 (2003)
Headquarters
Tehran
,
Iran
Area served
Worldwide
ProductsRail Transport , rolling stock
ServicesPassenger railways , Freight services , Bus transportation
OwnerIranian Golden Goal International Group, Green Refinement Company, PPS Kish Company
Number of employees
430 (2018)
ParentIranian Golden Goal International Group (IGG Group)
Websiteiri.co.ir

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.[1]

IRICO designs & manufactures various types of rolling stocks such as passenger coaches, metro cars, Diesel Multiple Units (RailBus DMU), various freight wagons and bogies 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;[1] at inception the plant had a capacity of 100 vehicles p.a. with single shift working.[2]

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.[3][4][5]

In 2010 IRICO won a contract to supply 135 vehicles for the Shiraz Metro.[6]

In March 2016 IRICO was acquired by IGG Group.[7]

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, 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 Archived 2021-05-20 at the Wayback Machine) to supply 150 three-car DMUs.[8][9][10]

See also

References
  1. "Production starts at IRICO rail plant", www.railwaygazette.com, Railway Gazette International, 4 February 2009
  2. "Industry minister accentuates massive investment in rail industries" (PDF), IDRO English Bulletin, Industrial development and renovation organisation of Iran (IDRO) (5): 3, March 2009
  3. "Rotem Wins US$140 Mil. Order to Export Train Cars to Iran , Asia Pulse (2 November 2004)" (PDF), Rotem quarterly newsletter, Rotem, no. 1, p. 4, January 2005, archived from the original (PDF) on 23 July 2011
  4. "Iran Intercity DMUs", www.hyundai-rotem.co.kr, Number of vehicles : original 24 (CBU), 24 (CKD), 72 (PLB) + optional 30 (PLB)
  5. "Series of Large Orders Won in Railroad Projects for Iran", www.marubeni.com, Marubeni Corporation, 4 November 2004
  6. Sources
  7. "News", ttrico.com, TTRICo is announced as the winner of tender of IRICo, TTRICo acquired 100% shares of Iran Khodro Rail Transport Industries Company (IRICo) through a tender held by Iran Khodro Co. in March 2011. In this tender, Mapna, Hesayar, and TTRICo [..] participated
  8. Barrow, Keith. "Iran orders 450 DMU cars from Hyundai Rotem". Retrieved 2018-02-14.
  9. UK, DVV Media. "Iran orders Hyundai Rotem diesel multiple-units". Railway Gazette. Retrieved 2018-02-14.
  10. it.iri.co.ir http://it.iri.co.ir/web_en/news.aspx?id=%2020207. Retrieved 2018-02-14. {{cite web}}: Missing or empty |title= (help)
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