Iran Tractor Manufacturing Company is a tractor

Tractor

A tractor is a vehicle specifically designed to deliver a high tractive effort at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction...

 manufacturing company with headquarters in Tabriz

Tabriz

Tabriz is the fourth largest city and one of the historical capitals of Iran and the capital of East Azerbaijan Province. Situated at an altitude of 1,350 meters at the junction of the Quri River and Aji River, it was the second largest city in Iran until the late 1960s, one of its former...

.

History and development

Based on an agreement that was reached in 1966 between Iran and Romania

Romania

Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...

 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

Horsepower is the name of several units of measurement of power. The most common definitions equal between 735.5 and 750 watts.Horsepower was originally defined to compare the output of steam engines with the power of draft horses in continuous operation. The unit was widely adopted to measure the...

 engine

Engine

An engine or motor is a machine designed to convert energy into useful mechanical motion. Heat engines, including internal combustion engines and external combustion engines burn a fuel to create heat which is then used to create motion...

s with single and double differential gearboxes. In 1976 Massey Ferguson

Massey Ferguson

Massey Ferguson Limited was a major agricultural equipment manufacturer which was based in Canada before its purchase by AGCO. The company was formed by a merger between Massey Harris and the Ferguson tractor company in 1953, creating the company Massey Harris Ferguson. However in 1958 the name was...

 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. On 1990s The factory started to producing small tracks and vans behind its main products.

Certifications

Iran Tractor Manufacturing Company has qualified for ISO 9001, and has also received rewards regarding quality and exporting.

Export markets

Iran Tractor Manufacturing Company is currently exporting 13 different products to ten countries.

See also

• Industry of Iran
  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. A recent report by the World Fact Book ranks Iran 3rd among...
  
  
• Industrial Development and Renovation Organization of Iran
• Privatization in Iran
  Privatization in Iran
  According to the Fourth Five-Year Economic Development Plan , the Privatization Organization of Iran affiliated to the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public and on the Tehran Stock Exchange...
  
  
• List of Iranian companies
• Agriculture in Iran
  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....
  
  

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