Fakoor Sanat Tehran Engineering

What Fakoor Sanat Tehran Engineering does

Fakoor Sanat Tehran Engineering (فکور صنعت تهران) is an Iranian Engineering, Procurement, and Construction (EPC) contractor founded in 1993 by four graduates of Amirkabir University of Technology, specializing in the iron, steel, and copper value chains. The company operates under an "engineering without factory" model, designing and constructing large-scale mineral processing and metallurgical facilities. It has built 21 iron ore concentrate plants with a combined annual capacity of 39.5 million tons — approximately 65% of Iran's total iron ore concentrate production capacity — and produces 3.5 million tons of iron ore concentrate annually through direct operations and subsidiaries. Its core technical capabilities include magnetic separation, mineral processing circuit design, and a first-of-its-kind spiral gravity concentration method for recovering iron from low-grade hematite tailings.

The group is structured around a parent holding company, five operating subsidiaries (Rahvar Farayand Arya for mineral processing operations; Pishrafsan Sanat Fakoor for petrochemicals including butyl acrylate and SAP; Paya Foulad Kavir Yazd for iron ore concentrate production at 66.5% grade; Barsad Shid Iraniyan for surface water harvesting; and Shakhes for Persian Gulf water transmission pipelines), one research center (FIMRC, operational since 2002), and supporting entities including FakookTech (university liaison) and Sarcheshmeh Steel Training & Research Center. Revenue is generated primarily through negotiated EPC contracts with large mining and steel enterprises — including Golgohar Iron Ore Complex, Goharzamin Iron Ore, Janda Mining Development, Jalalabad Mine, and Ghevarzan Mining — with go-to-market executed via direct enterprise sales and bidding. The company transitioned from a private to public joint-stock company in early 2025 and completed its listing on Iran Farabourse (secondary market) on December 7, 2025 under the ticker "Fakoor" (فکور), as a subsidiary of Namad Sanat Pars Group. With 2,170 in-house employees and 4,000+ active across projects, it ranks 59th in the IMI-100 top-500 ranking (2025) and 1st among Iranian contracting companies.

Name

Fakoor Sanat Tehran Engineering

Legal name

شرکت مهندسی فکور صنعت تهران (سهامی عام)

Website

https://fstco.com

Company type

Public

Founded year

1993

Operating status

Ipo

Headcount range

501–1,000 employees

Short description

Fakoor Sanat Tehran Engineering is an Iranian EPC contractor that designs and builds iron ore, steel, and copper processing facilities, having constructed 21 iron ore concentrate plants representing ~65% of Iran's capacity. It serves mining and steel enterprises through direct EPC contracts and subsidiary operations in petrochemicals and water infrastructure.

Ownership category

akta.pro rank

Product category

Mining and Metals EPC Services

NAICS

Engineering Services (541330), Iron and Steel Mills and Ferroalloy Manufacturing (331110), Petrochemical Manufacturing (32511)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

akta.pro secondary industry

Chemical & Petrochemical Plant Construction (IMAFADAA)

Keywords

• EPC mining services
• Iron ore processing
• Mineral processing plants
• Industrial construction services
• Steel value chain engineering

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPC (Engineering, Procurement, Construction) Contracts: Major revenue source from designing and constructing industrial and mining facilities including iron ore concentrate plants, pelletizing plants, direct reduction plants, and copper processing facilities. Executed as EPC contracts for various clients.
2. Investment in Subsidiaries: Investment in subsidiary companies for business portfolio development in 'adventurous unrelated areas' and 'innovative and foresight-oriented' investment areas.
3. Mineral Processing Operations: Direct and subsidiary-level production of iron ore concentrate (3.5 million tons annually) and copper concentrate through operating companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Fakoor Sanat Tehran Engineering is an EPC (Engineering, Procurement, and Construction) contractor that designs, engineers, and constructs large-scale industrial and mining facilities in Iran, including iron ore concentrator plants, direct reduction/sponge iron plants, pelletizing plants, and copper concentration complexes. Through its subsidiaries, the group also operates iron ore and copper concentrate production facilities, producing approximately 3.5 million tons of iron ore concentrate annually.

Product overview

Fakoor Sanat Tehran (FST) is a publicly listed Iranian engineering and construction group (traded on Iran's secondary market as 'Fakoor') operating primarily as an EPC (Engineering, Procurement, and Construction) contractor in the mining, steel, and industrial sectors. The group is structured as a multi-business entity comprising one parent holding company and five subsidiary companies plus one research center and two specialized internal units. The parent company provides core engineering and construction services, executing large-scale mining and industrial projects including iron ore concentrator plants (21 built, representing ~65% of Iran's capacity), direct reduction/sponge iron plants, pelletizing plants, and copper concentration facilities. Subsidiary operations include: Rahvar Farayand Arya (RFA) for mineral processing plant operation and production; Pishrafsan Sanat Fakoor (PSF) for petrochemical project execution and product manufacturing (butyl acrylate, SAP, LPG); Payafoulad Kavir Yazd for iron ore concentrate production; Barsad Shid for surface water harvesting; and Shakhes for Persian Gulf water transmission infrastructure. The group also operates the Fakoor Industrial & Mining Research Center (FIMRC), the FakookTech university liaison hub, the Industry Hall at Amirkabir University, and the Sarcheshmeh Training & Research Center, alongside the internal publication Fekri No. The group also developed an Extended Reality exhibition software platform called 'Fakoor Land.'

Differentiator

Problem solved

Functional benefit

Products and services

• Iron Ore Concentrator Plants (کارخانه کنسانتره سنگ آهن)
• Direct Reduction / Sponge Iron Plants (کارخانه احیا مستقیم / آهن اسفنجی)
• Pelletizing Plants (کارخانه گندله‌سازی)
• Copper Concentration Plants (کارخانه کنسانتره مس)
• Iron Recovery from Low-Grade Hematite Tailings (بازیافت آهن از باطله‌های کم‌عیار هماتیتی)
• Extended Reality Exhibition Software — Fakoor Land (نرم‌افزار جامع نمایشگاهی واقعیت گسترده سرزمین فکور)

Quantifiable outcome

• 65% of Iran's iron ore concentrate production capacity created by FST
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• LONGi (لانجی) - ChinacoreTechnology or Integration · 10 August 1404Long-term technical and research cooperation with China's leading company in magnetic separation and industrial mineral processing equipment. Senior management of LONGi visited FST's Industrial and Mining Research Center to strengthen technical collaboration, research & development, and equipment technology exchange. LONGi is one of the largest Chinese companies in new energy technologies focusing on magnetic separation and industrial mineral processing equipment.
• Namad Sanat Pars (نماد صنعت پارس)coreStrategic or Co-development PartnerParent company of FST within the Namad Sanat Pars group. FST is one of the subsidiary companies of this group and serves as the largest contracting company in Iran.
• Rahnama Farayand Arya (راهبر فرآیند آریا)coreStrategic or Co-development PartnerSubsidiary company operational since 1391 (2012) in iron ore concentrate, copper concentrate, and pellet production. Operates FST's concentrate plants in Zarand.
• Pishrafan Sanat Fakoor (پیشران صنعت فکور)coreStrategic or Co-development PartnerSubsidiary established in 1402 (2023) for oil, gas, and petrochemical project development. Manages Pioneer Petrochemical project design and execution.
• Paya Foulad Kavire Yazd (پایا فولاد کویر یزد)coreStrategic or Co-development PartnerSubsidiary established in 1393 (2014) in Sagand region, Ardakan, Yazd Province. Produces 2 million tons of 66.5% iron ore concentrate annually and employs 2,300 people directly and indirectly.
• Barsad Shid Iranians (برساد شید ایرانیان)coreStrategic or Co-development PartnerSubsidiary established 1402-10-14 for water surface management and metal ore exploration using intelligent technologies. Implements flood control project in Makran region for water supply.
• Shakhhes Nashaat Ab Shanaat (شرکت احداث خط انتقال آب صنایع شاخص)coreStrategic or Co-development PartnerSubsidiary established in 1393 (2014) for Persian Gulf water transfer project to Hormozgan, Kerman, and Yazd provinces. Consortium includes Asfalt Toos, TEE Energy, and Machine Savari Vije.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Hatch Ltd. Canadian global engineering and project delivery firm specializing in mining, metals, and energy EPC. Comparable to FST's iron ore, copper, and steel value-chain EPC work; serves as a global benchmark for mining/metals EPC capabilities.
• Worley Limited: Australian-listed global engineering and project delivery company focused on energy, chemicals, and resources. Comparable to FST as an EPC contractor serving mining and metals clients with full project delivery capabilities.
• Bechtel Corporation: Privately-held global engineering, construction, and project management firm with major mining, metals, and infrastructure franchises. Comparable to FST in delivering large-scale industrial EPC projects under the 'engineering without factory' model.
• SNC-Lavalin / AtkinsRéalis: Global engineering services and project management firm with a long-standing mining and metals practice. Comparable to FST as a multi-vertical engineering contractor serving resource-sector clients.

Direct peers

• IRITEC (Iran International Engineering Company): State-affiliated Iranian engineering and EPC firm active in mining, metals, and industrial infrastructure. Direct domestic peer to FST with overlapping iron, steel, and copper value-chain project experience.
• DMT Group: German engineering and consulting firm specializing in mining, mineral processing, and infrastructure. Comparable to FST in iron ore, copper, and steel value-chain engineering design and consulting.
• MAPNA Group: Iran's largest privately-held EPC group, primarily in power generation and oil & gas, with a similar 'engineering-led conglomerate' model. Both are top-tier Iranian EPCs with state-linked customer bases, in-house R&D, and listed subsidiaries; MAPNA is the closest scale and business-model analog to FST in the domestic EPC landscape.

Others

• Fluor Corporation: Global engineering, procurement, fabrication, construction, and maintenance company with a significant mining and metals EPC franchise. Comparable to FST in delivering large industrial plants for resource-sector clients.
• Mobarakeh Steel Company: Iran's largest steel producer and a major customer of FST's EPC services. Included as an adjacent ecosystem participant — a key client whose capex drives FST's order book and a useful benchmark for downstream Iranian steel value-chain scale.

Regional players

• Sazeh Consultants: Iranian engineering consultancy and EPC contractor serving oil, gas, petrochemical, and industrial sectors. Direct domestic Iranian peer with similar enterprise EPC motion and state-linked customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fakoor Sanat Tehran Engineering