Iran International Engineering Company ( IRITEC ) was founded in 1975 by National Iranian Steel Company, Mine & Industry Development Bank & Italimpianti ( an Italian firm which designed & supplied Mobarakeh Steel Complex equipment ) with the main objective emphasizing engineering, procurement & supervision of industrial plants.

After the triumph of the Islamic revolution, Italimpianti’s quota (i.e. 40%) transferred to the National Iranian Steel company (NISCO) an entity formed through merging of two former companies, namely : National Iranian Steel Industries Co. and National Iranian Steel Mill Co.

In 1982, the National Iranian Steel Co. and Iran Aluminium Co. (IRALCO) with participating in capital increase, obtained the majority of the shares ( i.e. 98% of the total ).

Since Jan. 1990, the new formation offered 57% of their shares to the experts of IRITEC and the rest of the shares remained in the possession of National Iranian Steel Company, Mobarakeh Steel Co., Khuzestan Steel Co., Mine & Industry Development Bank .

IRITEC is leading Iranian company which renders engineering, procurement, technical inspection, construction management & commissioning of major projects and plants in its homeland by providing with a wide range of services capabilities.

It outstands as the pioneer turnkey projects executive among its peers . In addition , by making capital investment & establishment of different groupings, IRITEC has varied, capacities in rendering consultative services , engineering & implementation of projects.

Realizing this wide range of capabilities & being active in execution of rather large projects in other countries, IRITEC has opened a whole new vistas to export technical and engineering services abroad.

At persent, IRITEC, applying itself very energetically to the main areas of ferrous and nonferrous metal, mineral, oil & gas/petrochemical industries, has been involved in the massive industrial and infrastructural projects on turnkey basis.