Industry Conglomerate Revenue US$ 0.5 billion (2010) Headquarters Tehran | Area served Worldwide Founded 2001 | |
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Type Government-owned corporation Key people Mohammadreza Nematzadeh (Minister of Industry & Chairman) Products Heavy industry, Manufacturing, Mines, Metals, Investment Subsidiaries Khouzestan Steel Company, Arfa Steel Co. | ||
Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, is a major state-owned holding company active in the mining sector in Iran. IMIDRO has 8 major companies and 55 operational subsidiaries active in steel, aluminium, copper, cement and mineral exploitation fields.
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In 2002 IMIDRO and its subsidiaries had 49.3 thousand employees with a total asset value of 33.5 thousand billion Rials. In 2002 IMIDRO subsidiaries' annual turnover value was estimated at 3.23 thousand billion Rials and their export at 448 million dollars in 2002.
Foreign projects
In 2009, IMIDRO reported that 9 countries including Syria, Venezuela, Bolivia, Algeria, Lebanon, Ecuador, Iraq, Belarus and one of the Mid-Asian countries will have cement plants which will be constructed by Iranian engineers. Iran is the 5th largest cement producer in world.
In 2009 Iran produced some 65 million tons of cement per year and exported to 40 countries.