HEPCO

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HEPCO
Company type
Public
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HeadquartersArak, Iran
Area served
Worldwide
Products
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Websitewww.hepcoir.com

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File:HEPCO Grader (1).jpg
HEPCO motor grader HG180D

Heavy Equipment Production Company (HEPCO) is an Iranian corporation that manufactures construction equipment, railroad cars, trucks, forklifts and the industrial machinery of oil, gas, energy, metal and mining industries in Arak, HEPCO is the largest heavy equipment manufacturer in the Middle East. This company has 1,500 employees with an annual production capacity of 4,800 units.[1]

History

HEPCO was established and registered in 1972, with the intention of assembly & production of heavy equipment.[2] In 1975 HEPCO resumed operation in its premises in Arak consisting of 1,000,000 square meters of land & 40,000 square meters of production hall in collaboration with manufacturers such as Navistar International, Dynapac, Poclain, Sakai Heavy Industries and Lokomo.

In 1984, HEPCO development project was designed in collaboration with Liebherr & Volvo companies, aiming at fabrication of steel structures of construction equipment.

In 2020, HEPCO signed 5 MOUs with National Iranian Copper Industry Company (NICIC), Mobarakeh Steel Company, Gol Gohar Mining and Industrial Company, Chadormalu Mining and Industrial Company, Mining Investment Insurance Company (MIIC), and Iran Mine House, said Khodadad Gharibpour, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) to manufacture 900 road building machines in total during the first and second years.[3]

Privatization

HEPCO was originally established before the Islamic Revolution in Iran in 1979. The company was consequently seized by organizations and persons tied with Islamic Republic officials. Afterwards, the company was sold to the private sector as part of the ruling Islamic Republic privatization plans of 2006, which put Islamic Republic officials and their affiliates in control of the country’s vital businesses.[4] A series of protests[5] took place in intervals since the privatization took place, ending in 2021 when the factory eventually was shut down. The company exported 23 heavy machines to Africa in 2025.[6]

Collapse

After a series of clashes between the factory workers at HEPCO and police, multiple protesters were injured and/or detained by the Iranian anti-riot forces, and, as a result, the headcount of factory workers dropped from 8,000 to nearly 1,000.[7]

See also

References

  1. ^ Page Module:Citation/CS1/styles.css has no content."HEAVY EQUIPMENT PRODUCTION HEPCO COMPANY PUBLIC JOINT STOCK (IRAN)". EMIS. 2023-08-10. Retrieved 2023-10-13.
  2. ^ Page Module:Citation/CS1/styles.css has no content.Ayse, Valentine; Nash, Jason John; Leland, Rice (January 2013). The Business Year 2013: Iran. London, U.K.: The Business Year. p. 92. ISBN 978-1-908180-11-7.
  3. ^ Page Module:Citation/CS1/styles.css has no content."HEPCO to manufacture equipment, machinery for mining companies". Tehran Times. 2020-07-28. Retrieved 2023-10-13.
  4. ^ Page Module:Citation/CS1/styles.css has no content.Pashm-Foroush, Sadegh (2019-01-18). "The collapse of HEPCO: How the Iranian Islamic Republic is destroying the country's vital industries". People's Mojahedin Organization of Iran. Retrieved 2023-10-13.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Iranian Police Defends Beating Labor Protesters". Radio Farda. 2017-09-23. Retrieved 2023-10-13.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Heavy machinery production in Iran rises by 15%". Tehran Times. 2025-01-28. Retrieved 2025-12-09. Ghorbani highlighted that the factory manufactures 23 types of construction and mining machinery, including rollers, loaders, excavators, graders, bulldozers, and various mining trucks and dump trucks. These products can meet a significant portion of the country's demand for heavy machinery. Additionally, for the first time, the company exported 23 heavy machines worth $6.0 million to Africa. According to Ghorbani, this milestone paves the way for Iranian-made machinery to enter the "continent of opportunities.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Protesting Workers Battered By Security Forces In Iran". Radio Farda. 2019-09-17. Retrieved 2023-10-13.

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