Iran Tractor Manufacturing Company
Iran Tractor Manufacturing Company also known as ITMCO, is a manufacturer of tractors, trucks, vehicle parts and diesel engines with main site and headquarters in Tabriz, Iran.[1] ITMCO is enlisted in the 100 fortune companies of Iran.[3] Tractor Manufacturing Company owned Tractor sport club since 1968 to 2011.
Type | Public company |
---|---|
Industry | Agricultural machinery |
Founded | Tabriz (1968 )[1] |
Headquarters | Tabriz , Iran |
Area served | Worldwide |
Products | Tractors Diesel engines |
Services | Parts, service, finance |
Number of employees | 5,000[2] |
Website | itmco.ir/En/Home/ |
History and development
Based on an agreement in 1966 between Iran and Romania to establish a tractor manufacturer in Iran, the company was created in Tabriz in 1968. The first goal 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 an output of 13,000 units for each year; production capacity was subsequently increased to 30,000.[1] In 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 8n the 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, and has also received awards for quality and exports.[1]
Export markets
Iran Tractor Manufacturing Company is currently exporting 13 different products to ten countries, including in Europe.[1]