IRITEC
Iran International Engineering Company (IRITEC) is an unlisted industrial engineering and EPC contractor founded in 1975 and headquartered in Tehran. It serves Iran’s steel, mining, mineral-processing, oil, gas and petrochemical industries, with direct-reduction iron capability under a global MIDREX licence. The company is relevant to industrial project sponsors, equipment suppliers and investors evaluating Iranian metals and processing capacity.
Market position
IRITEC is an established Iranian industrial EPC contractor with a stated 60% share of direct-reduction unit construction in Iran. It also holds a global MIDREX licence for direct-reduced iron technology.
Operations & footprint
Products and services
IRITEC provides EPC, engineering, procurement, project management, feasibility studies, technical and economic studies, planning, project control, equipment procurement, technical inspection, installation supervision, construction management, commissioning, training, and industrial project delivery services. Its core sectors include steel, mining, mineral processing, metals, pelletizing, direct-reduction, industrial plants, oil and gas, and large infrastructure or industrial modernization projects.
Operations and assets
The company’s operating capability spans industrial engineering, procurement, construction management and project delivery for steel and mineral plants, mine development and processing units, and oil, gas and petrochemical facilities. It cites more than 144 major completed projects across these sectors.
Geographic footprint
Headquartered in Tehran, Iran.
Ownership & group structure
Reported scale
Employees: Over 1,800 expert employees.
Commercial and investment relevance
IRITEC is relevant for investors assessing Iran's mining and metals project pipeline, steel-capacity development, industrial EPC capability, mineral-processing technology, equipment procurement, and project-execution risk in state-linked heavy industry. It can support analysis of how large steel, pelletizing, direct-reduction, mining, and gold-processing projects are delivered under sanctions and financing constraints. Due diligence should verify ownership and state-linked shareholding, current subsidiaries, active project backlog, IMIDRO or IDRO exposure, sanctions-screening status, procurement channels, technology partners, overseas project claims, payment risk, engineering workforce depth, and contract-dispute history. For equipment suppliers and technology partners, IRITEC provides a route into large Iranian industrial projects requiring integrated engineering, procurement and construction. Buyers and project sponsors can engage it across the project lifecycle, from plant design through construction and commissioning.
Constraints, risk & compliance
Key risks and constraints
Project performance depends on securing specialised equipment and technology for complex steel, mineral-processing and energy facilities. Direct-reduction projects also require continued access to MIDREX-related technology and licensing arrangements.
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Frequently asked questions
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What does IRITEC do?
IRITEC is an industrial engineering and EPC contractor delivering projects in steel, mining, mineral processing, oil, gas and petrochemicals.
Where is IRITEC headquartered?
IRITEC is headquartered in Tehran, Tehran Province, Iran, with offices around Vanak Square.
What is IRITEC’s role in the steel sector?
IRITEC works on pelletizing, direct reduction, casting and rolling projects and holds a global MIDREX licence for direct-reduced iron technology.
When was Iran International Engineering Company founded?
Iran International Engineering Company was founded in 1975.