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​​Industrial Development and Renovation Organization of Iran (IDRO) was established in 1967 to develop the industry sector and to accelerate the industrialization process of the country.
In recent years and in accordance with the country’s privatization policy, IDRO has made great efforts to privatize its affiliated companies.
While carrying on its privatization policies and lessening its role as a holding company, IDRO intends to concentrate on its prime missions and to turn into an industrial development agency. IDRO has focused its activities on the following areas in order to materialize such strategy and to expedite the industrial development of Iran:
  • Promotion of local and foreign investments with minority holdings owned by IDRO (less than 50% of the shares) with particular emphasis on new, Hi-tech and export-oriented industries.
  • Restructuring the existing industries through participation of reputable foreign companies in order to transfer new technologies and to enhance the non-oil exports of Iran.
  • Development of general contracting activities with the participation of the Iranian private sector and credible foreign companies.
  • Rendering consultancy and support services to foreign investors.
  • Privatization of the existing subsidiaries.

The fifty-year-long history of IDRO has brought about key achievements and honors for the Iranian industries. Its major achievements are listed below:
  • Establishing numerous industrial, manufacturing and engineering enterprises to complete the national industrial chain;
  • Directing a part of nationalized heavy industries;
  • Implementing key projects for national heavy industries;
  • Cooperating on implementation of key national projects like construction of oil, gas and petrochemical refineries and power plants;
  • Enhancing the capacity of national transportation (road, rail and marine) industries;

Renovating and reconstructing old national industries;
  • Developing necessary and advanced technologies;

Developing modern technologies;
  • Conducting developmental and applied research;
  • Forming and developing relationships with universities and research centers;
  • Developing nationwide capability for general contracting;
  • Managing and implementing industrial megaprojects including South Pars Projects in cooperation with prestigious Iranian and foreign partners;
  • Supplying high-tech industrial equipment for key national industries including oil, gas, petrochemical and power plant industries;
  • Localizing the know-how for management and implementation of megaproject;
  • Privatizing industries and transferring large shares of companies;
  • Extending areas of participation in international markets;
  • Attracting international cooperation in investment, implementation of industrial projects and technological research;
  • Providing support (technical, financial, managerial and marketing) services to industrial and mining businesses;
  • Participating in developing policies and strategies for industrial development;
  • Reforming the management structure and recruiting competent managers for running companies and industrial projects; and
  • Planning and implementing comprehensive development plans for national industrial managers.


The Most Significant Industrial Projects Carried Out by IDRO

 

#

Project/Company Title

Scope

Company Name and Project Site

Project Special Particulars

1

Machine Sazi Arak (MSA)

Design and development of industrial equipment

Arak

Iran-USSR agreement

2

Machine Sazi Tabriz (MST)

Design and development of machine tools and industrial equipment

Tabriz

Iran-Czechoslovakia agreement

3

Tabriz Tractor Manufacturing

Manufacture of agricultural machinery

Tabriz

Iran-Romania agreement

4

IRALCO

Manufacture of aluminum ingot

Arak

Iran (70%), Pakistan (5%), US Reynolds International (25%)

5

HEPCO

Manufacture of Road and Construction Machinery

Arak

IDRO (40%), Omran Bank (20%) and Private Sector (40%)

6

Silica Sand MFG. Co.

Supplying sand for casting

Firuzkuh

IDRO (33%), Iran National (34%) and Industrial & Mining Development Bank (33%)

7

IREFCo

Supplying refractory bricks

Isfahan

IDRO (10%), Etebarat Sanati Bank (9%), US Harrison Wacrow (30%) and Private Sector (51%)

8

Motogen

Manufacture of electromotor

Tabriz

 

9

Iran Shipbuilding & Offshore Industries Complex Co (ISOICO)

Con​​​struction of a ship building and overhauling yard

Bandar Abbas

 

10

Khazar Choob Co.

Pulp and paper industry

Gilan

IDRO (60%), Ministry of Agriculture (40%)

11

Pars Wagon

Railway manufacturing

Arak

IDRO (60%), Iranian State-owned Railroad Co. (40%)

12

Avangan

Manufacture of power transmission towers

Arak

IDRO (60%), SATKAB (40%)

13

Faragir Baft-e Baluch

Textile industry

Iranshahr

 

14

Pumpiran

Pump Manufacturing

Tabriz

 

15

Esfarayen Industrial Foundation

Casting

Esfarayen

 

16

Sahand Fork Lift

Manufacture of fork lifts

Tabriz

 

17

Patele

Manufacture and installation of boilers

Shahreza, Isfahan

IDRO (65%), Steinmüller (35%)

18

Tachnikan

Design and development of industrial equipment

Tehran

IDRO (20%), Machine Sazi Arak (10%), Machine Sazi Tabriz (10%), Iran Tractor Mfg. Co. (10%), SFI Group (10%) and Technolog (40%)

19

MSA development project (Azarab)

Design and development of industrial equipment

Arak

Established by IDRO

20

MSA Casting and Forging

Casting and forging

Arak

Implemented by IDRO

21

Iran Heavy Diesel Manufacturing (DESA)

Manufacture of diesel engines

Amol

Established by IDRO

22

JEMCO

Manufacture of electric motors

Joveyn

Established by IDRO

23

Complementary Opertions for Esfarayen Casting and Forging of Heavy Parts

Casting and forging of heavy parts

Esfarayen

Implemented by IDRO

24

Dry Docks Project for Ship Overhaul and Refurbishment

Construction of a dry dock required for overhauling and refurbishing ships

Bandar Abbas

Implemented by IDRO

25

Neyr Perse

Design and development of industrial equipment

Tehran

Established by IDRO

26

Petco

Design and development of customized pumps

Tabriz

Established by IDRO

27

Petroleum Equipment Industries Co. (PEIC)

Design and development of oil, gas and petrochemical equipment

 

Established by IDRO

28

Press Iran

Design and development of presses

Khorram Abad

Established by IDRO

29

Luleh Gostar Esfarayen

Production of seamless steel tubing

Esfarayen

Established by IDRO

30

Machine Sazi Pars (MSP) Development Projects

Design and development of industrial equipment

Mahshahr and Gachsaran

Implemented by IDRO

31

Sepideh Jam Toos

Production of opal and Pyrex glasses

Mashhad

65% private sector

32

Kajeh Tile

Tile manufacture

Kermanshah

60% private sector

33

Zohre tile

Tile manufacture

Kashmar

60% private sector

34

Car Tech System

Manufacture of car pistons

Ghazvin

65% private sector

35

Advanced Industrial Systems Co.

Conducting research projects

Tehran

IDRO (76.93%) and Sharif University of Technology (23.07%)

36

Tissue Regeneration Corporation

Cardiovascular bioimplant production

Kish Island

More than 50% private sector

37

Ronak Bioproducts

FMD vaccine production

Mahabad

More than 50% private sector

38

Car Airbag Production Project

Production of car airbag

Ghazvin

 

39

High-tech Medical Equipment Production Project

Production of different high-tech medical equipment

Shiraz

 

40

Royan Institute Projects

Stem cells and cord blood bank projects

Tehran

In affiliation with Royan Institute

41

Gum Biotech Tabriz

Xanthan gum production

Tabriz

In cooperation with private sector

42

Car Platform Sharing Project

Manufacture of car by platform sharing

Tehran

In cooperation with IKCO and SAIPA

43

Haft Tappeh Sugarcane Co. Renovation Project

Renovation and reconstruction of Haft Tappeh Sugarcane Co.

Khuzestan

Implemented by IDRO

44

Baft-e Baluch Renovation Project

Renovation and reconstruction of Faragir Baft-e Baluch

Iranshahr

Implemented by IDRO

45

Ghaemshahr Textile Co. Renovation Project

Renovation and reconstruction of Ghaemshahr Textile Co.

Ghaemshahr

Implemented by IDRO

46

Yasuj Sugar Factory Renovation Project

Renovation and reconstruction of Yasuj Sugar Factory

Yasuj

Implemented by IDRO

47

Phase 1 of South Pars

Participation in implementing South Pars (Phase 1) project

Asalouyeh

Cooperation with top domestic and foreign companies

48

Phases 6, 7 & 8 of South Pars

Participation in implementing South Pars (Phases 6, 7 & 8) project

Asalouyeh

Cooperation with top domestic and foreign companies

49

Tabnak Gas Refinery

Tabnak Gas Refinery construction project

Lamerd

Cooperation with domestic

50

Modern Building Industries and Industrialization of Housing

Investment projects in modern building industries and industrialization of housing

Parand and other provinces

Cooperation with private sector