HEPCO
Heavy Equipment Production Company (HEPCO) is a listed Iranian manufacturer and assembler of heavy machinery, headquartered in Arak, Markazi Province. Trading under the TAPKO ticker, it supplies construction, road-building, mining and industrial equipment. The company matters to equipment buyers, suppliers and investors tracking domestic machinery capacity for infrastructure and resource-sector projects.
Operations & footprint
Products and services
HEPCO manufactures and assembles heavy machinery including road-construction equipment, mining machinery, loaders, graders, excavators, rollers, bulldozers, agricultural machinery, industrial equipment, oil and gas equipment, steel and mining equipment, port machinery, and specialized machinery for public and enterprise infrastructure projects.
Operations and assets
HEPCO’s principal operating base is in Arak, where it manufactures and assembles heavy equipment. Its product range includes loaders, graders, excavators, rollers, bulldozers and machinery for agricultural, industrial, energy, steel, mining and port uses.
Geographic footprint
Primary manufacturing and operational base in Arak, Markazi Province, Iran. The group also includes Hepco Shanghai.
Ownership & group structure
Subsidiaries and group companies
Wholly owned subsidiaries listed include Agricultural, Mining And Road Construction Machineries Engineering And Production Private Joint Stock Company-Hepco Arak; Hamgam Heavy Equipment Service Private Joint Stock Company; and Hepco Shanghai.
Commercial and investment relevance
HEPCO is relevant for investors assessing Iran's heavy-machinery localization, mining-equipment supply, road and infrastructure project execution, construction machinery replacement demand, and import-substitution potential under sanctions. It can support analysis of equipment shortages, public procurement, mining expansion, spare-parts demand, and industrial modernization. Due diligence should review latest listed disclosures, ownership and governance, order backlog, factory utilization, working capital, component imports, technology licenses, labor relations, customer concentration, and exposure to public-sector payment delays. For buyers and project operators, HEPCO is a domestic equipment source for earthmoving, road-construction and mining fleets. Suppliers and service partners can assess opportunities around machinery components, assembly inputs, maintenance and aftermarket support.
Constraints, risk & compliance
Key risks and constraints
Commercial outcomes depend on demand from construction, road-building, mining and industrial projects, as well as the availability of machinery components and assembly inputs.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does HEPCO manufacture?
HEPCO manufactures and assembles heavy machinery for construction, road building, mining and industrial use, including loaders, graders, excavators, rollers and bulldozers.
Where is HEPCO based?
HEPCO is headquartered and operates its principal manufacturing base in Arak, Markazi Province, Iran.
Is HEPCO a listed company?
Yes. HEPCO has been listed on the stock exchange since February 24, 2004, and trades under the ticker تپکو (TAPKO).
When was HEPCO founded?
Heavy Equipment Production Company was incorporated on July 15, 1973.