Company type | Government-owned corporation |
---|---|
Industry | Conglomerate |
Founded | 2001 |
Headquarters | Tehran, Iran |
Area served | Worldwide |
Key people | Abbas Aliabadi (Minister of Industry, Mine and Trade) Mohammadreza Movassaghi-nia (Chairman of the board of directors) |
Products | Heavy industry, Manufacturing, Mines, Metals, Investment |
Revenue | US$ 0.5 billion (2010) |
Number of employees | 5,000+ |
Website | IMIDRO |
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, aluminum, copper, cement and mineral exploitation fields.[1]
In 2002, IMIDRO and its subsidiaries had 49.3 thousand employees with a total asset value of 33.5 thousand billion Rials.[2] In 2002 IMIDRO subsidiaries' annual turnover value was estimated at 3.23 thousand billion Rials and their export at 448 million dollars in 2002.[3]
In 2009, IMIDRO reported that 9 countries including Algeria, Belarus, Bolivia, Ecuador, Iraq, Lebanon, Syria, and Venezuela would have cement plants which will be constructed by Iranian engineers.[4]
That same year, Iran produced some 65 million tons of cement per year and exported to 40 countries.[5]