Iran Foundries Company
Iran Foundries Company Public Joint Stock Company is a TSE-listed manufacturer of cast-iron automotive components, trading under the symbol خریخت. Headquartered in Tehran, it operates a factory in Saveh’s Kaveh Industrial City producing engine, braking and drivetrain parts. The company is relevant to buyers and investors tracking domestic automotive production, foundry capacity and component localisation in Iran.
Operations & footprint
Products and services
Iran Foundries Company manufactures cast-iron and foundry components for automotive and industrial applications, including engine-related castings, cylinder blocks, safety parts, gray iron and ductile iron parts, machined castings, and industrial foundry products for domestic automakers, heavy-vehicle producers, and selected industrial customers.
Operations and assets
The company’s factory is located in Kaveh Industrial City, Saveh, Markazi Province. Stated annual production capacity was 30,000 tonnes in 2021.
Geographic footprint
Headquarters in Tehran; manufacturing operations in Kaveh Industrial City, Saveh, Markazi Province, Iran.
Ownership & group structure
Ownership
Bahman Group Public Joint Stock Company held 14.880% as of 27 October 2023. Iran Diesel Engine Manufacturing Company held 3.570%, and Kiamehestan Company held 1.060%.
Reported scale
Employees: 310 employees in 2021. Scale note: In August 2020, registered capital increased from IRR 1,262,183 million to IRR 1,562,183 million through IRR 300,000 million of claims and cash contributions.
Commercial and investment relevance
Iran Foundries is relevant for investors assessing Iran's automotive-parts chain, foundry capacity, cast-iron component localization, listed auto-supply exposure, and industrial spare-parts demand. It can support analysis of automaker procurement, casting quality, energy costs, scrap and raw-material sourcing, labor productivity, and dependence on major vehicle groups. Due diligence should review updated Codal disclosures, customer concentration, Bahman Group links, factory utilization, product mix, debt, working capital, energy reliability, environmental compliance, and exposure to automotive-cycle volatility. For vehicle manufacturers and component integrators, Iran Foundries provides a domestic source of cast-iron parts used in engines, braking systems and drivetrains. For foundry inputs and industrial-service suppliers, its Saveh operation is the principal commercial interface.
Constraints, risk & compliance
Key risks and constraints
Demand is closely linked to Iranian vehicle production and procurement cycles. Operations also depend on reliable energy supply and the availability and cost of foundry inputs needed to sustain casting output.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Iran Foundries Company make?
Iran Foundries Company produces cast-iron automotive parts, including cylinder blocks and heads, brake drums, wheel hubs, flywheels, exhaust manifolds, pumps, axles and gearbox components.
Where does Iran Foundries Company operate?
The company is headquartered in Tehran and operates its manufacturing facility in Kaveh Industrial City, Saveh, Markazi Province.
Is Iran Foundries Company publicly listed?
Yes. Iran Foundries Company is listed on the Tehran Stock Exchange under the symbol خریخت.
What production capacity has Iran Foundries Company stated?
The company’s stated annual production capacity was 30,000 tonnes in 2021.