Cement Industry Investment and Development Company
Cement Industry Investment and Development Public Joint Stock Company (SIDCO) is a Tehran-headquartered, Tehran Stock Exchange-listed cement holding company controlled by Tose'e Melli Group Investment Company. It owns and manages cement producers across several Iranian provinces, supplying cement, clinker and specialised grades to domestic construction markets and regional export destinations. The group offers diversified exposure to Iran’s energy-intensive cement sector.
Operations & footprint
Products and services
Cement Industry Investment and Development Company, branded as SIDCO, owns, manages, and develops a portfolio of cement manufacturers and related industrial companies. Its activities include strategic investment, subsidiary governance, cement production-capacity management, plant modernization, portfolio restructuring, domestic and export-market development, product and quality improvement, marketing and sales coordination, energy and fuel optimization, financial-resource management, technology upgrading, environmental-performance improvement, and development of operational synergies across cement subsidiaries. Its portfolio includes major cement producers operating in several Iranian provinces.
Operations and assets
The group’s operating base consists of cement manufacturing subsidiaries, including plants associated with Mazandaran, Kerman, Firoozkooh and Bushehr. The portfolio produces cement and clinker for domestic distribution and regional export markets.
Geographic footprint
Headquartered in Tehran, with cement operations and portfolio companies in Tehran, Mazandaran, Kerman and Bushehr provinces. Export activity targets Persian Gulf states, Iraq, Central Asia and Caspian littoral markets.
Ownership & group structure
Ownership
Tose'e Melli Group Investment Company (Webank) held approximately 87.08% in 2024. Bank Melli Iran is the ultimate parent.
Parent company
Tose'e Melli Group Investment Company (Webank)
Subsidiaries and group companies
Mazandaran Cement Company; Kerman Cement Industry Group; Shomal Cement Company; Sarouj Bushehr International Cement Company; Firoozkooh Cement Manufacturing Company; Faraz Firoozkooh Cement; Kerman Momtazan Cement.
Commercial and investment relevance
SIDCO is relevant for investors assessing Iran's cement industry, construction-material demand, regional infrastructure spending, plant utilization, energy and fuel constraints, clinker and cement exports, and consolidation among major cement manufacturers. Its portfolio structure offers exposure to multiple production assets but also creates holding-company, subsidiary-governance, and related-party risks. Due diligence should verify current ownership by Tose'e Melli Group, subsidiary ownership percentages, consolidated production capacity, plant utilization, domestic and export sales, export destinations, energy and gas curtailments, electricity access, fuel substitution, transport costs, environmental liabilities, pricing regulation, receivables, subsidiary debt, capital expenditure requirements, related-party transactions, minority-shareholder treatment, sanctions and payment constraints, foreign-currency revenue conversion, and valuation of listed and unlisted cement holdings. For buyers and distributors, SIDCO offers access to a multi-plant cement portfolio covering grey and white cement, clinker and specialised grades. For suppliers and operating partners, it is a group-level counterparty for plant modernisation, fuel and energy efficiency, technology and production-capacity initiatives.
Constraints, risk & compliance
Key risks and constraints
Portfolio performance is exposed to interruptions in gas and electricity supply at energy-intensive cement plants, as well as construction demand, plant utilisation, logistics costs and execution across multiple subsidiaries.
Sanctions and compliance considerations
SIDCO has indirect US sanctions exposure through its ultimate parent, Bank Melli Iran, and major shareholder, Tose'e Melli Group Investment Company. Transactions require sanctions, ownership, banking and payment-channel screening.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does SIDCO do?
SIDCO is a listed holding company that owns and manages cement manufacturing businesses. Its portfolio supplies grey and white cement, clinker and specialised cement grades.
Where does SIDCO operate?
SIDCO is headquartered in Tehran and has cement-related operations and portfolio companies in Tehran, Mazandaran, Kerman and Bushehr provinces.
Is SIDCO publicly traded?
Yes. SIDCO is listed on the Tehran Stock Exchange under the ticker symbol «سیدکو».
Who controls SIDCO?
Tose'e Melli Group Investment Company (Webank) held approximately 87.08% of SIDCO in 2024. Bank Melli Iran is the ultimate parent.