Machine Sazi Vijeh Co.

What Machine Sazi Vijeh Co. does

Machine Sazi Vijeh Co. (MSV) is an Iran-based turnkey engineering, procurement, construction and commissioning (EPC) contractor founded in 1984 (1363 Iranian calendar) and operating as a subsidiary of Namad Sanat Pars Holding since 1388-1389 (2009-2010). The company executes complex process plant and infrastructure projects across five vertical disciplines: oil & gas, petrochemicals, water and wastewater treatment, mining and steel, and power generation. It holds Grade 1 contractor qualifications across these five disciplines — the highest tier in Iran's EPC licensing regime — most recently adding Grade 1 Oil & Gas qualification in 2025-11.

MSV's technical capabilities span air separation units (ASU), cryogenic cold box installations, gas condensate refining, ozone-based Zero Liquid Discharge (ZLD) systems — the first such deployment in Iran — and long-distance water transmission pipelines such as the Persian Gulf Water Transfer mega-project. The company's revenue mechanics are predominantly lump-sum EPC project bookings on multi-year industrial capex programs, layered with Build-Own-Operate / Build-Own-Operate-Transfer (BOO/BOOT) arrangements that generate recurring revenue, notably in the water and power segment via Qeshm Water & Power. Customers are primarily Iran's large state-owned or state-affiliated industrial enterprises (Gachsaran Petrochemical, Mobin Energy, Golgohar Steel, Chadormalu Mining, Sirjan Steel, East Kaveh Steel, Hormozgan Steel, Chaharmahal-Bakhtiari Water Authority), with project execution often run in consortium with parent Namad Sanat Pars and sister firm Fakoor Sanat Tehran.

Name

Machine Sazi Vijeh Co.

Legal name

شرکت ماشین سازی ویژه

Website

https://msvco.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Machine Sazi Vijeh Co. is an Iran-based Grade 1 EPC contractor executing oil & gas, petrochemical, water, mining/steel and power projects for state-owned industrial clients, with capabilities spanning ASU, cold box, ZLD and long-distance water transmission.

Ownership category

akta.pro rank

Product category

Industrial EPC Contracting

NAICS

Pump and Compressor Manufacturing (33391), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Other General Purpose Machinery Manufacturing (3339)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Industrial/Process Plant General Contracting (IMAFAAAH)

akta.pro secondary industries

Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL), Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF), Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

Keywords

• Industrial EPC contracting
• Petrochemical plant construction
• Water treatment engineering
• Oil and gas infrastructure
• Mining and steel EPC

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

Revenue model

1. EPC Contracts: The company's primary revenue stream comes from Engineering, Procurement, Construction (EPC) contracts for industrial projects. Contract types include EPC (full cycle), EPCF (EPC + Finance), PC (Procurement + Construction), C (Construction only), and BOO (Build-Own-Operate) models. Projects span oil & gas, petrochemicals, water treatment, mining infrastructure, and power generation. Revenue is project-based, large-ticket, and cyclical with project completion milestones.
2. Operating Asset (BOO Water Desalination): The company holds an ownership stake in water desalination infrastructure under BOO arrangements (e.g., Bandar Abbas seawater RO plant), generating recurring revenue from water supply over the concession period in addition to construction margins.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Machine Sazi Vijeh is an Iranian industrial EPC (Engineering, Procurement, Construction) contractor delivering turnkey project execution across oil, gas, and petrochemical facilities (ASU, utility water packages, desalination), municipal and industrial water and wastewater treatment plants, water and oil/gas transmission pipelines, hydroelectric power plants, and mining and steel infrastructure (iron ore concentration, pelletizing, DRI, steel BOP). Contracts are awarded through competitive tendering and executed under EPC, EPCF, PC, C, or BOO models for large industrial enterprises and government clients across Iran.

Product overview

Machine Sazi Vijeh Co. (MSV) is an Iranian industrial EPC (Engineering, Procurement, Construction) company organized around five core business segments: (1) Oil, Gas & Petrochemicals, encompassing Air Separation Units (ASU), water utility packages, and RO desalination; (2) Pipeline Systems for water and oil/gas transmission; (3) Water Recycling, Treatment & Industrial Effluent, covering municipal and industrial wastewater treatment plants, potable water treatment, and seawater desalination; (4) Power Plants, specifically hydroelectric installations; and (5) Industrial Development, covering iron ore concentration (کنسانتره), pelletizing (گندله‌سازی), and sponge iron (DRI/آهن اسفنجی) plants, as well as steel BOP (basic oxygen plant) facilities. The company does not offer a unified software platform; rather, it delivers project-based EPC services tailored to each industrial sector, with each project type representing a distinct service offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Air Separation Unit (ASU) EPC Services Design, engineering, procurement, construction, installation and commissioning of cryogenic Air Separation Units producing gaseous and liquid nitrogen, instrument air, and compressed air for petrochemical and steel complexes. Cryogenic cooling to -172°C for air separation. Reference capacity of 10,000 Nm3/h oxygen, 18,000 Nm3/h nitrogen, and argon production at Hormozgan Steel ASU project.
• RO/UF Water Desalination Unit EPC Services Construction of ultra-filtration (UF) and reverse osmosis (RO) water desalination units for treating high-TDS industrial effluent into industrial-grade demineralized and service water for petrochemical operations. Includes ozone-based disinfection replacing chlorine-based systems.
• Gas Condensate Refinery EPCC Services Engineering, procurement, construction, and commissioning of a gas condensate refinery with 40,000 barrels per day capacity located in the South Pars Special Economic Zone, producing naphtha, heavy fuel, solvents, and butane gas. Executed as EPCC jointly with Fakoor Tehran and Farzanegan Energy Pars.
• Long-Distance Water Transmission Pipeline EPC Services Construction of major water transfer pipelines from coastal desalination sources to inland industrial regions, including the Persian Gulf to central plateau pipeline at 110 million cubic meters per year capacity, executed as a mega-project under EPCF contract structure. Also includes water and oil/gas transmission pipeline systems for industrial and municipal clients.
• Municipal and Industrial Wastewater Treatment Plant EPC Design and construction of municipal and industrial wastewater treatment plants using activated sludge (MLE), SBR, anaerobic-anoxic-aerobic (A2O) systems, and UV disinfection. Reference projects include Sirjan (26,550 m3/day) and Hamedan (110,000 m3/day for 500,000 population equivalent).
• Potable Water Treatment Plant EPC Design and construction of drinking water treatment plants using conventional treatment with physical pre-treatment, chlorination, coagulation, clarification, and filtration. Reference projects include Saqqez (34,560 m3/day), Damghan, Birjand (RO), and Qeshm Island (RO).
• Iron Ore Concentration Plant EPC EPC and EPCF construction of iron ore concentration (beneficiation) plants with capacities of 2 to 4 million tons per year. Reference projects include Golgohar Steel Lines 4, 5, 6, 7, Sirjan Steel, and East Kaveh Steel. Includes ball mill installation, crushing plants, and concentrate quality optimization.
• Iron Ore Pelletizing Plant EPC Construction of iron ore pelletizing plants with capacity of 2.5 million tons per year, including projects at Fam-e Sangan (Fajr Sangane pelletizing plant).
• Sponge Iron (DRI) Plant EPC Construction of direct reduction iron (DRI/sponge iron) production plants with capacities of approximately 1.85 million tons per year, including projects at Foulad-e Torbat-e Heydariyeh.
• Hydroelectric Power Plant EPC Design and construction of small-scale hydroelectric (run-of-river) power plants. Reference Ardak cluster project with installed capacity of 19.9 MW across three facilities (Aazadeh, Absardeh, and Dooplakan).

Quantifiable outcome

• Desalinated 11,520 m³/day of high-TDS wastewater (TDS ~7,440 mg/L) to produce 1,824 m³/day service water and 5,760 m³/day demin water at Mobin Petrochemical — first ozone-based ZLD system in Iran
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Fakoor Sanat Tehran Engineering Company (شرکت مهندسی فکور صنعت تهران)coreStrategic or Co-development PartnerFakoor Sanat Tehran is described as a 'Sister Company' of Machine Sazi Vijeh. The two companies frequently partner on major EPC projects in a General Contractor (GC) / subcontractor arrangement, with Fakoor acting as GC on projects such as Golgohar Steel concentrator lines, Fajr Sangane pelletizing plant, and the Farzanegan Gas Condensate Refinery. They jointly serve as consortium partners on mega-projects including the Persian Gulf water transfer pipeline. Fakoor also serves as project consultant for the ASU project at Hormozgan Steel.
• Namad Sanat Pars Holding (هلدینگ نماد صنعت پارس)coreStrategic or Co-development PartnerMachine Sazi Vijeh joined the Namad Sanat Pars (نماد صنعت پارس) industrial holding in 1388 (2009-2010), which resulted in a change of company ownership. The holding provides strategic backing, financial support, and cross-company project coordination. The CEO (Hossein Nasrati) joined the company leadership following this affiliation. The holding group enables consolidated bidding on major national projects.
• Asfalt Toos (آسفالت طوس)minorStrategic or Co-development PartnerPartnered with Machine Sazi Vijeh and Fakoor Sanat Tehran on the iron ore concentrator project at Sangan (Fajr Sangane) and pelletizing plant, implementing projects under EPCF contract structure.
• Shaya Water Company (شرکت شایا)minorStrategic or Co-development PartnerShaya is the project owner/operator for the Bandar Abbas seawater RO plant built by Machine Sazi Vijeh under a BOO model. Machine Sazi Vijeh executed construction while Shaya holds the operating concession for water supply.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• MAPNA Group: Iran's largest power and rail EPC conglomerate executing power plant, turbine, and infrastructure projects across Iran. Comparable as a diversified industrial EPC incumbent with similar project scale, though MAPNA's primary focus is power generation rather than petrochemical/water/steel infrastructure.
• Ghadir Investment Company: Large Iranian holding with significant construction and EPC operations across energy, infrastructure, and industrial development. Comparable as a diversified holding-anchored EPC incumbent competing for similar state-allocated mega-projects in Iran.

Direct peers

• Fakoor Sanat Tehran Engineering Company: Sister company under the Namad Sanat Pars holding group and frequent consortium partner. Frequently acts as GC/subcontractor to Machine Sazi Vijeh on Golgohar Steel concentrator lines, Farzanegan gas condensate refinery, and Persian Gulf water transfer — making it the closest direct peer in Iranian industrial EPC.
• Sazeh Sazan Tehran Industrial & Construction Co. Established Iranian EPC contractor active in oil & gas, petrochemical, and industrial plant construction. Directly comparable as an indigenous EPC competitor pursuing similar petrochemical utility, refinery, and infrastructure contracts within Iran.
• Toossab Iranian Industrial & Engineering Construction Co. Iranian industrial construction and EPC firm active in oil, gas, petrochemical, and water infrastructure. Directly comparable in customer base, contract type (EPC/PC), and the domestic-only operating geography of Machine Sazi Vijeh.
• Kayson Group: Iranian EPC and infrastructure conglomerate active in oil & gas, water, power, and transportation projects. Comparable as a multi-vertical Iranian contractor with similar client base of state-owned enterprises and similar exposure to domestic capex cycles.

Emerging players

• Aquatech International: Global water treatment and desalination EPC specialist focused on industrial and municipal clients. Comparable specifically for Machine Sazi Vijeh's RO/UF/ZLD/water reuse capabilities — represents the international technology frontier in the same water treatment niche.
• Fluence Corporation: Specialized water and wastewater treatment EPC and technology provider serving industrial and municipal markets globally. Comparable to Machine Sazi Vijeh's wastewater treatment plant and water reuse business segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Machine Sazi Vijeh Co.