Tractor Company Releases Production, Export Data
Tractor Company Releases Production, Export Data

Tractor Company Releases Production, Export Data

Tractor Company Releases Production, Export Data

Head of Iran Tractor Manufacturing Company (ITMCO), announced the firm's production and export figures in the last fiscal that ended on March 20.
Abolfat’eh Ebrahimi told IRNA that the company exported 2,000 tractors to neighboring countries  with a total value of $235 million.
The company produced 14,400 tractors during the one year period. He did not give production figures in the previous year for comparison.
According to Ebrahimi, the company is set to produce 18,000 tractors in current Iranian year, aiming for a 30% year-on-year increase.
"Iran Tractor Industrial Group will export up to 25% of its products this year.”
Ebrahimi named Azerbaijan, Afghanistan, Pakistan, Iraq as some of the main destinations for Iranian  tractors.
The company is the largest producer of tractors in Iran with an 80% share.
Ebrahimi urged the government to offer incentives to farmers enabling them to purchase modern equipment. The government "should impose higher tariffs on the import of tractors" to give domestic producers a boost.
The company produces a range of small and medium diesel-powered tractors with single and double differential gearboxes.
Many of the older models are based on Massey Ferguson designs from the 1970s, as part of a joint venture prior to the 1979 Islamic Revolution.
The company has a production capacity of 30,000 vehicles a year, according to its own estimates.
ITMCO is located on the outskirts of the industrial city of Tabriz in northwest Iran.


Short URL : https://goo.gl/j46nS2
  1. https://goo.gl/ZAMjWz
  • https://goo.gl/fUM5Cc
  • https://goo.gl/sl5WFU
  • https://goo.gl/3xGxj0
  • https://goo.gl/iGfmKB

You can also read ...

CBI Outlines Top Priorities
The governor of the Central Bank of Iran, who took the reins...
Non-Oil Trade Value With Egypt Tops 80%
Iran traded 298,616 tons of non-oil commodities worth $128.23...
Interest Rate Growth Gathers Pace
Two major banks have been allowed by the Central Bank of Iran...
Colza Production Breaks 30-Year Record
Colza production in Iran since the beginning of the current...
IKCO to Deliver Presold Peugeot 2008 SUVs
Extending apologies for the prolonged delay in the delivery of...
Domestic Shoe Industry Hit by Raw Material Shortage
Domestic shoe production has declined by over 70%, the head of...
Rail Exports From Qom to CIS Grow 29%
More than 3,403 tons of goods were exported via railroads from...
Tehran to Host Handmade Carpet Expo
The 27th Iran Handmade Carpet Exhibition is scheduled to open...

Add new comment

Read our comment policy before posting your viewpoints