Wire Manufacturing Project Company in Iran: Meeting Market Demand and Developing Domestic Production
Main Information
Description
Wire launching—Given the existing infrastructure and the need to complete the rolling unit’s production portfolio, the company decided to establish a wire manufacturing unit with a nominal capacity of 400,000 tons in 2017. This wire manufacturing unit is designed to produce wire and rod feedstock in sizes ranging from 5.5 to 16 millimeters, in both ribbed and plain types.
Product Technical Description
The Need for Wire and Rod Production in the Country
One of the main reasons for launching this unit is the small number of wire manufacturing units in the country and high market demand for these products. Wire and rod are vital raw materials in various industries such as construction, automotive, electrical and electronics, as well as the pipe manufacturing industry. These needs are significant. This project, especially by meeting the growing domestic market demand, is considered as a solution to these needs and to reduce dependence on imports.
International Cooperation and Use of Advanced Technologies
This company’s wire manufacturing unit was designed and implemented in cooperation with Primetals of Italy and through CPG of Germany. These collaborations enabled the use of advanced technologies, modern equipment, and domestic capabilities to improve production quality and increase efficiency in the wire manufacturing process. Such cooperation also helps enhance technical expertise and domestic capabilities and creates synergy in the steel and wire industry of the country.
The Wire Manufacturing Project Complex
In addition to meeting domestic needs, this project brings considerable added value. The production of wire and rod domestically reduces reliance on imports, increases production, and strengthens various industrial sectors. Moreover, the establishment of this manufacturing unit helps the company gain a better position in international markets and enables it to offer its products globally.
Future Outlook
Given the rapid return on investment of the wire manufacturing project and strong market demand, this production unit can become a regional hub for wire and rod production. Furthermore, this project will pave the way for further growth and advancement in the steel and wire industries of the country and will be considered one of the key sectors in completing the company’s rolling mill production unit.
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Mining and Metals Development Investment Company
- Iran, Tehran, Africa Blvd, beginning of Esfandiar Blvd, No. 3 (Head Office) and No. 7 (Shareholder Affairs)
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.
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