Iran Tractor Forging Company

Iran Tractor Forging Company (A Strategic Industrial Partner)

Overview

Iran Tractor Forging Company is one of Iran’s leading forging manufacturers, established as an independent entity in December 1987. It originated from the industrial expansion of Iran Tractor Manufacturing under a technical economic agreement between the governments of Iran and Romania in the 1960s. The company was subsequently developed and registered as a public joint stock company listed on the Tehran Stock Exchange.
The company produces precision forged components for automotive, agricultural, and industrial markets, employing advanced manufacturing technologies and a wide range of modern equipment.

Core Capabilities

Iran Tractor Forging Company is equipped with a broad suite of industrial machinery and capabilities, enabling it to manufacture high quality forged parts weighing from small to heavy weights with precision and industry standards. As part of its manufacturing excellence, the company maintains international quality certifications such as ISO 9001:2015 and IATF 16949:2016, underlining its commitment to global best practices in forged parts production.

Business Activities

The company’s activities encompass:

Raw Material Procurement & Importing
Manufacturing, Marketing, & Exporting Forged Components
Design and Fabrication of Industrial Dies and Tooling
Import, Supply, and Commissioning of Industrial Machinery
Consultancy and Contractual Engagements with domestic and international partners

These operations support a wide range of industries, including automotive, agriculture, and related sectors, with a focus on enhancing domestic manufacturing capacity and reducing dependency on imports.

Ownership and Strategic Investment

Over 70% of the company’s shares are held directly or indirectly by the Bavili Tabrizi family, making it a privately influential industrial stakeholder. Tadbir Farda‑ye Nik Company is the largest minority shareholder among external investors, reflecting our strategic commitment to industrial growth and value creation.

Recent Developments and Legal Actions

In recent years, Iran Tractor Forging Company pursued several expansion and development initiatives in partnership with major shareholders and Tadbir Farda‑ye Nik. These included projects to modernize production lines for automotive components such as valves and crankshafts.

However, in late 2024, discrepancies were discovered in the information provided by some partners regarding project implementation — including forged documentation for imported machinery and production assets. As a result, Tadbir Farda‑ye Nik determined that funds provided for development had not been used for their intended purposes and had instead been diverted from the company. Accordingly, Tadbir Farda‑ye Nik initiated legal action against the executive managers and principal shareholders, and this matter is currently under review by the judiciary in Tabriz.

Unfortunately, the majority shareholders involved in these contracts left the country and abandoned the factory irresponsibly, further complicating efforts to make progress on the planned projects.

Tadbir Farda‑ye Nik deeply regrets that capital raised for industrial development was misused and diverted in this way, and that the opportunity to create new production lines — which could have generated hundreds of job opportunities — has been lost. The company remains fully committed to deploying all available resources to recover investment funds and will keep investors and stakeholders informed of any new developments.

Commitment to Investors

Tadbir Farda‑ye Nik deeply regrets the misuse of capital intended for industrial development and the subsequent impact on potential job creation. We remain dedicated to recovering investor funds and providing transparent updates as the legal process unfolds.

Why This Matters to Investors

Iran Tractor Forging Company:

Operates within a strategic industrial sector
Holds international quality certifications, reflecting manufacturing excellence
Is linked to major industrial supply chains in the automotive and agricultural sectors
Offers long‑term growth potential through domestic production and export opportunities