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Introduction |
In execution of Article 6 of the Law on centralization of industrial & mining activities ratified in 1379 (2000/01), and for the purpose of evaluating and determining the overall strategies and policies, executing the projects relating to the construction and the renovation of metal related industries, extraction and processing of mineral products as well as executing exploration projects, the Iranian Mines and Mining Industries Development & Renovation Organization (IMIDRO) was established and officially registered on 2.5.2001.
It was then decided that this organization is to be administered in accordance to the law of establishment of Industrial Development & Renovation Organization of Iran (IDRO) of 1967 and the Articles of Associations of the aforesaid organization.
Based on the Council of Minister's decree and in accordance to clause (A) of article 4 of Iran's 3rd Economic, Social and Cultural Development Plan Law, IMIDRO was defined as a specialized mother company, which would control 63 subsidiaries Companies.
During 2008-2009, IMIDRO took major steps in line with its objectives and also made new efforts in favor of the development of the country, while paying special attention to the dignity and improvement of the scientific and practical capabilities of its employees. This claims are supported by the production, sales indexed and sales within the domestic and foreign markets, as well as special efforts made regarding the privatization of the subsidiary companies. These efforts demonstrate an ascending trend, in such a way that IMIDRO's share of added value within the country's industrial sector reached 17.53% and its ranking was pushed to first among the 100 top companies in 2007-2008.
The Fourth Economic, political, social & Cultural Plan of the Islamic Republic of Iran, commencing in March 2005, has paid special attention to the attraction of foreign investment. Hence, IMIDRO has identified a number of opportunities in the expansion of cooperation with foreign investors and in line with its and country's strategy and also welcomes the idea of joint cooperation with foreign countries.
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