Andimeshk Steel Sheet Production Project: Innovation in Iran's Steel Industry

Name: Mining and Metals Development Investment Company
Address: Iran, Tehran, Africa Blvd, beginning of Esfandiar Blvd, No. 3 (Head Office) and No. 7 (Shareholder Affairs), Tehran, Iran

One of the outstanding features of the steel sheet production project at the Andimeshk plant is the production of 3 million tons of sheet in a single phase. This unique production capacity in Iran's steel industry makes it one of the most distinctive projects in this sector. The goal of this project is to meet the growing demands of the domestic market and to produce high-quality steel sheets.

Product Technical Description

Utilization of Advanced Technologies

This plant uses modern and advanced technologies such as direct charging of sponge iron into electric arc furnaces (EAFs). This method helps reduce energy consumption and raw material usage, resulting in increased productivity and lower production costs. Notably, the use of endless technologies from Primetals, designed for continuous steel sheet production, provides significant improvements for the project, including consistent product quality and reduced costs.

Economic and Environmental Integration

This project not only impacts reducing production costs and increasing efficiency, but by decreasing energy and raw material consumption, it also helps minimize negative environmental impacts. These features enable the project to perform well both economically and environmentally, contributing to the development of a sustainable steel industry in Iran.

Project Objective: Steel Billet Production

The ultimate goal of this project is the construction of a steel billet production unit with a capacity of 400,000 tons per year in Andimeshk, Khuzestan province. In addition to fulfilling domestic needs, this production unit will reach global markets and play a key role in supplying raw materials for various industries, including automotive, construction, and pipe manufacturing.

The Andimeshk steel sheet production project, as one of the major and innovative projects in Iran's steel industry, paves the way for significant changes in this sector and has great potential for growth and development in the future.

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About the Business

Mining and Metals Development Investment Company

Address:

Iran, Tehran, Africa Blvd, beginning of Esfandiar Blvd, No. 3 (Head Office) and No. 7 (Shareholder Affairs)

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Introduction to Mining and Metals Development Investment Holding

The Mining and Metals Development Investment Company (Public Joint Stock) was registered on February 24, 1996, under registration number 119869 at the Tehran Department of Companies and Non-Commercial Institutions.

Company Activities

The company operates domestically with the aim of purchasing, participating in financial resources, and investing in various companies, institutions, and industrial, mining, agricultural, and service units. The company also provides consulting services in different fields including production, investment, development, planning, financial resource services, and management system design. Additionally, the company invests in partnerships offers services abroad, and performs required operations to fulfill its objectives.

Stock Market Admission: Year Thirteen of Activity

In 1998, the Mining and Metals Development Investment Company was listed on the Tehran Stock Exchange as a public joint stock company and has since expanded its presence in the capital market.

Company Vision:

The long-term goal is to become the leading specialized investment company in the mining and mineral industries in the region by 2025.

Company Responsibilities:

Mining and Metals investment companies have made wealth preservation and enhancement for shareholders their primary principle through investment and business holding. The company strives to invest in industries with competitive advantages, utilizing both human and financial resources. It aims to create added value by combining profit and investment value appreciation to ensure satisfaction for shareholders and other stakeholders.

Strategic Company Objectives:

Contributing to the country’s economic growth, especially in increasing the gross domestic product.
Excellence in the capital market, achieving the highest rate of return and improving transparency in financial activities.
Diverse income sources by investing in sectors with competitive advantages.
Increasing shareholder loyalty and special services by creating stakeholder value.
Strengthening human resources by utilizing the country’s development capabilities and improving HR infrastructure.