Info:
Iran Tractor Manufacturing Company (ITMC), the largest tractor manufacturer in the Middle East and North Africa was established in 1968 and predates Iran’s 1979 revolution and the creation of the Basij. However, ITMC is now owned by Mehr Eqtesad Iranian Investment Company and its Negin Sahel Royal Company, generating millions of dollars in profit for the investment firms that represent the economic agenda of the Basij and its Bonyad Taavon Basij;
OFAC is designating Iran Tractor Manufacturing Company (ITMC) pursuant to E.O. 13224 for being owned or controlled by Mehr Eqtesad Iranian Investment Company and Negin Sahel Royal Investment Company;
Mehr Eqtesad Iranian Investment Company, acts as an intermediary for the economic entrenchment of the Basij and Bonyad Taavon Basij;
Subordinate Companies of ITMC:
Sibamotor, Ormia Tractor Manufacturing Company, Kurdistan Tractor Manufacturing Company, Azerbaijan Diesel Vehicles Manufacturing Company, MotrSazan, Iran Tractor Industrial Services Company, Iran Tractor Foundry Company, Engineering and Supplying Company and TCC;
Industry:
Manufacture
Also Known As:
Iran Tractor Manufacturing
Iran Tractor Manufacturing Co.
ITMC
Established:
1968
Country:
Iran
Address:
Sephabod Gharani Avenue, Km 9/5 Karaj Special Road, Corner of Yazar Zarin Street, Opposite Shahab Khodro, Office of The Tractor Engineering, Tehran, Iran;
Tabriz – Sardrood Road – Iran Tractor Plant Complex – 4687
Phone:
19 – 34255800 – 041
Website:
www.itm.co.ir
E-mail:
info@itm.co.ir
Operational Scheme:
Bonyad support network IRGC’s financial lifeline
Articles/Reports:
Bonyad Taavon Sepah – Report