The story
Based on an agreement in 1966 between Iran and Romania to establish a tractor manufacturer in Iran, the company was created in Tabriz in 1968. The first goal was to manufacture 10,000 units tractors of 45-65 horsepower engines with single and double differential gearboxes. In 1976 Massey Ferguson started to assemble tractors in the company with an output of 13,000 units for each year; production capacity was subsequently increased to 30,000.
As of 2021, ITMC has 12 subsidiaries which contract out many tasks to 800 domestic parts manufacturers employing 200,000 people. ITMC also builds engines for various machines, including graders, compressors, water pumps, generators, forklifts, combine harvesters and road construction vehicles. ITMC makes 90% of the parts inside of Iran.
From Wikipedia’s article on Iran Tractor Manufacturing Company, shared under CC BY-SA 4.0.3