Sepahan Industrial Group Company

What Sepahan Industrial Group Company does

Sepahan Industrial Group Company (شرکت گروه صنعتی سپاهان) is a publicly traded Iranian manufacturer of steel tubes, pipes, and profiles, founded in 1973 (1350 Iranian calendar) and listed on the Iran Stock Exchange under ticker FASAP. The company operates from a 1,320,000 square meter manufacturing facility near Isfahan with an annual production capacity of 420,000 tons, which is being expanded to over 600,000 tons. Its product portfolio spans industrial pipes (DN2440 standard), API-standard gas network pipes for oil, gas, refinery, and petrochemical applications, steel box sections (JIS G3466 and DIN 2395 standards), and standard galvanized pipes produced via hot-dip and cold galvanization methods. The company holds ISO/TS 29001:2010 (TUV-certified) for petroleum industry quality management, ISO 9000, ISO 14001, and OHSAS 18001 certifications, and is registered in the Iran Ministry of Oil vendor list as an approved supplier.

The company's go-to-market is sales-led and multi-channel, combining a Tehran-based direct sales operation (with separate domestic and export desks), a network of authorized regional representatives across Iranian provinces (including Khorasan Razavi and Ardabil), and an online ordering portal (sepahanonline.com) for SMB and individual buyers. Customer segments are primarily oil, gas, and energy (transmission and distribution projects, refineries, petrochemical plants, power plants) and construction and infrastructure (building structures, scaffolding, formwork, steel frames), with secondary exposure to automotive and machinery manufacturing. Pricing is quote-based and order-specific, not publicly disclosed.

The corporate group includes wholly-owned operating subsidiaries focused on steel tube manufacturing (Nourd va Lole Profile Sepahan), metal construction products (Sakhtaha-ye Felezi Isfahan), and steel products distribution (Barahen Sepahan). In 2025 the group established a new subsidiary, Tondar Energy Development Company, signaling diversification into the energy sector. The current CEO is Engineer Panahi, with Mohammad Reza Jaberansari serving as Chairman of the Board. The company regularly publishes shareholder communications, financial reports, and corporate governance disclosures, consistent with its status as an Iran Stock Exchange-listed public joint stock company.

Name

Sepahan Industrial Group Company

Legal name

Sepahan Industrial Group Company (شرکت گروه صنعتی سپاهان) (سهامی عام)

Website

https://www.sepahan.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sepahan Industrial Group is an Iranian public manufacturer of steel tubes, pipes, and profiles, producing 420,000 tons annually near Isfahan for the oil and gas, construction, automotive, and industrial sectors through representatives, direct sales, and an online portal.

Ownership category

akta.pro rank

Product category

Steel Pipe and Profile Manufacturing

NAICS

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121), Fabricated Pipe and Pipe Fitting Manufacturing (332996)

SIC

Steel Pipe & Tubes (3317)

akta.pro primary industry

Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube) (IMAKABAI)

akta.pro secondary industries

Pipes & Tubing (Metal, Plastic & Composite) (IMADALAC), Steel Plate, Sections & Welded Assemblies (IMADACAD)

Keywords

• Steel pipe manufacturing
• Steel profile products
• Galvanized pipe production
• Oil and gas piping
• Construction steel sections

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Pipe and Profile Sales: Manufacturing and sale of steel pipes, profiles, and tubes to construction, oil and gas, automotive, and industrial sectors. Products include industrial pipes, gas network pipes, steel boxes/sections, and galvanized pipes sold through representatives and direct sales.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Sepahan Industrial Group Company manufactures and sells electric resistance welded (ERW) steel tubes, pipes, and profiles in round, square, and rectangular shapes. Products include industrial pipes, API-standard gas network pipes, steel box sections, and galvanized pipes produced to international standards (API 5L, IGS, IPS, JIS G3466, DIN 2395). The company supplies construction, oil and gas, power, petrochemical, and automotive sectors through authorized regional representatives across Iran and an export sales office.

Product overview

Sepahan Industrial Group Company (SIG) is a steel pipe and profile manufacturer offering a comprehensive product portfolio including industrial pipes, gas network pipes, steel boxes/profiles, and galvanized pipes. The company operates with a unified manufacturing approach across its production facilities in Isfahan, with annual production capacity of 420,000 tons (expanding to 600,000 tons). The product range serves construction, automotive, oil and gas, power plant, refinery, and petrochemical industries, with products certified to international standards including API, ISO, and various regional standards.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Pipes (لوله های صنعتی) Steel pipes for industrial use in building structures, automotive, machinery manufacturing, scaffolding and formwork, conveyor systems, shelving systems, ceiling systems, furniture, piles, and tunnels. Produced to DN2440 standard using ST37 steel sheets.
• Gas Network Pipes (لوله های گاز شبکه) API-standard pipes for oil and gas transmission and distribution networks, and piping operations in power plants, refineries, and petrochemical industries. Produced under API, IGS, and IPS standards with sizes from 3/4 to 8 5/8 inches.
• Steel Boxes/Profiles (قوطی فولادی) Steel box sections used in buildings, steel frames, and portal and high-rise cranes as a suitable alternative to hand-made sections from channels, I-beams, and angles. Produced to JIS G3466 and DIN 2395 standards.
• Standard Galvanized Pipes (لوله های گالوانیزه استاندارد) Galvanized pipes produced using hot-dip and cold-galvanizing methods to prevent corrosion and extend service life in water pipes. Surface treatment includes degreasing and rust removal before galvanizing.

Quantifiable outcome

• 420,000 tons annual production capacity
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• TUV (Technischer Uberwachungs-Verein)coreTechnology or IntegrationTUV issued ISO/TS 29001:2010 certification for quality management system compliance with petroleum, gas, and petrochemical industry requirements.
• Iran Ministry of OilcoreStrategic or Co-development PartnerCompany is registered in the Ministry of Oil vendor list (VENDOR LIST) as an approved supplier of oil and gas industry products. This registration enables the company to supply products to government oil and gas projects.
• National Iranian Gas Company (شرکت ملی گاز ایران)coreStrategic or Co-development PartnerProducts comply with IGS (Iran Gas Standard) specifications for gas network pipes. Strategic supplier for national gas distribution infrastructure.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Tenaris: Global leader in seamless and welded steel pipe manufacturing for oil & gas, power, and industrial applications. Highly comparable product portfolio (OCTG, line pipe, structural tubes) and a similar customer base across energy and construction.
• Vallourec: Premium steel pipe and tube solutions provider serving the energy sector (OCTG, line pipe, surface products) and industrial markets. Direct overlap with Sepahan's API-standard pipe offerings and energy-sector customer base.
• Salzgitter AG: European steel and steel tube manufacturer with a dedicated line pipe and structural tube division. Comparable in producing welded steel tubes for energy transmission and structural applications, with overlap in API/IGS-equivalent specifications.

Broad incumbents

• Tata Steel: Large integrated steel producer with a tubes and pipes division producing structural and conveyance tubing. Overlaps with Sepahan in steel pipe manufacturing for construction, infrastructure, and energy, though operating as part of a much larger diversified steel portfolio.
• Nucor Corporation: Largest U.S. steel producer with a structural tube and pipe product line serving construction, energy, and industrial customers. Comparable in ERW steel tube manufacturing and end-market exposure, though operating at far larger scale across multiple steel product categories.
• JSW Steel: Major Indian integrated steel manufacturer with products spanning flat steel, long products, and tubes/pipes. Comparable end-market exposure across construction and infrastructure, with comparable scale (~18 MT capacity) and emerging global ambition.
• Steel Authority of India Limited (SAIL): India's largest public sector steel producer with broad product portfolio including pipes and structural tubes. Comparable in scale and public-sector / government customer overlap, though operating across the full steel value chain rather than specializing in pipe and profile.
• United States Steel Corporation: Major integrated U.S. steel producer with a tubular products segment serving oil & gas (OCTG, line pipe) and construction. Comparable in energy and construction customer overlap, though operating at substantially larger scale and across a broader steel product mix.

Regional players

• Saudi Steel Pipe Company: Saudi Arabian manufacturer of HSAW, LSAW, and ERW steel pipes serving oil & gas, construction, and water sectors across the Middle East. Closest regional comparable in product mix, customer base (Aramco, Saudi Aramco projects), and Middle East market positioning.
• Arabian Pipes Company: Saudi-based steel pipe manufacturer producing spiral and longitudinal welded pipes for oil & gas and water transmission. Direct regional comparable in API-standard pipe manufacturing and Middle East energy infrastructure customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sepahan-industrial-group
• Instagraminstagram.com/sepahan_pipe
• Facebookfacebook.com/sepahan.ir

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 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 Sepahan Industrial Group Company