Fanavary Novin Niroo (FNN)

What Fanavary Novin Niroo (FNN) does

Fanavary Novin Niroo (FNN) is a privately held Iranian EPC contractor and heavy-industrial manufacturer founded in 1998 by Dr. Keyvan Kavanpour, headquartered in Tehran with a 66,000 square-meter manufacturing facility in Mamonin Industrial Town, Saveh. The company designs, fabricates, transports, and installs hydromechanical equipment for dams (radial, sluice, wheel, and sector gates; penstocks; steel linings; bifurcations; and vertical shafts), industrial and structural steel, pressure vessels and drums, storage tanks, small hydropower plants, pump stations, water and wastewater treatment equipment, metal bridges, and power-plant auxiliary equipment (noise enclosures, stacks, air-cooled condensers). Notable technical achievements include the tallest vertical shaft in the Middle East (Azad pumped-storage, 475m height, 740m design head), first-in-Iran sector gates for the Mard-Abadan navigation lock, Iran's largest trifurcation (Dariyan Dam), and pioneering domestic manufacture of furnace cylinders for sodium carbonate production. The company holds ISO 9001, ISO 14001, ISO 3834-2, Knowledge-Based Enterprise Type 2, and National Iranian Oil Company certifications.

FNN's go-to-market is exclusively direct, B2B, and project-based, pursued through competitive tenders with Iranian government ministries (Energy, Petroleum), regional water authorities, municipalities, and state-owned enterprises, as well as direct negotiations with large private industrial groups (SAIPA, Golgohar, Mapna, Iran Alloy Steel, Shazand Petrochemical, Isfahan Oil Refining, South Pars Gas Complex). Revenue is generated under multi-year EPC contracts covering engineering, procurement, construction, installation, and commissioning, with custom engineered-to-order pricing rather than standardized tiers. Distribution is restricted to direct sales and selective international project referrals in Tajikistan, Iraq, and France; no resellers or marketplace channels are used. The customer base spans water resources development, oil and gas, petrochemical, steel, mining, power generation, and automotive manufacturing, with cumulative execution of more than 250 projects in Iran and abroad.

The business model is asset- and engineering-intensive: a 300+ employee manufacturing workforce, certified welding procedures for specialty alloys (S460Q, S690Q, stainless 304L), heavy lifting capacity, and in-house quality control support complex multi-disciplinary scopes that smaller fabricators cannot deliver. Marketing is conducted through Iranian industrial exhibitions (Oil/Gas, Metalex), LinkedIn and Instagram presence, downloadable product catalogs, and university outreach, while the company's brand is reinforced by repeated top rankings at the Iranian National Steel Structure Conference (2012–2016), Knowledge-Based Enterprise status, and recognition as a national model industrial unit in Markazi Province.

Name

Fanavary Novin Niroo (FNN)

Legal name

Fanavary Novin Niroo (FNN)

Website

https://fnn-co.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Fanavary Novin Niroo (FNN) is an Iranian EPC contractor and heavy-industrial manufacturer founded in 1998 that designs, fabricates, and installs hydromechanical dam equipment, pressure vessels, storage tanks, and industrial steel structures for government, water, oil & gas, petrochemical, steel, and power-sector clients in Iran and select international markets.

Ownership category

akta.pro rank

Product category

Heavy Industrial Equipment Manufacturing and EPC Contracting

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313), Other General Purpose Machinery Manufacturing (3339), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Special Industry Machinery, Nec (3559), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Hydro Balance-of-Plant EPC (Penstocks, Gates, Intake/Outfall, Auxiliaries) (EUAEADAH)

akta.pro secondary industries

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB), Chemical & Petrochemical Plant Construction (IMAFADAA)

Keywords

• Hydromechanical dam equipment
• Industrial steel structures
• Pressure vessel fabrication
• Industrial storage tanks
• EPC infrastructure contracting

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. EPC Contracts — Design, Procurement, Construction: Full EPC (Engineering, Procurement, Construction) project delivery for large infrastructure. Projects include design, fabrication, transport, and installation of hydromechanical equipment, steel structures, pressure vessels, and industrial equipment. Revenue recognized over project lifecycle from design through installation and commissioning.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Fanavary Novin Niroo (FNN) is an Iranian heavy industrial manufacturer and EPC contractor that designs, fabricates, transports, and installs custom-engineered industrial equipment for water infrastructure, oil and gas, petrochemical, steel, cement, mining, and power generation industries. Core offerings include hydromechanical dam equipment (gates, penstocks, steel linings, bifurcations), industrial steel structures, pressure vessels, storage tanks, water transmission pipelines, small hydropower plants, pump stations, and water and wastewater treatment plant equipment. The company operates a 66,000 sqm manufacturing facility in Mamonin Industrial Town, Saveh, and delivers turnkey projects across Iran and select international markets.

Product overview

FNN is a knowledge-based manufacturing company that designs, fabricates, and installs industrial equipment and steel structures primarily for Iran's water, oil, gas, petrochemical, and steel industries. The product portfolio is organized into a set of related but distinct manufacturing divisions: Hydromechanical Equipment for Dams (including gates, radial gates, bifurcations, penstocks, and the tallest vertical shaft in the Middle East), Industrial Steel Structures (pipe racks, equipment supports, conveyor galleries), Pressure Vessels and Drums (cylindrical and spherical vessels for petrochemical and power applications), Storage Tanks (atmospheric and pressurized tanks for petroleum, water, and chemical storage), Oil/Gas/Petrochemical Equipment, Power Plant Equipment (noise enclosures, stacks, ACC structures), Water Transmission and Distribution Networks, Small Hydropower Plants, Pump Stations, Water and Wastewater Treatment Plants, and Metal Bridges. The company operates a 66,000 m² manufacturing facility in Mamuniyeh Industrial Town, Saveh, and has executed over 250 projects in Iran and abroad. FNN also produces specialized sub-products including silos, industrial stacks/chimneys, ejectors and dust collection ducts, winches, conveyors, and noise protection systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Hydromechanical Equipment for Dams Design, fabrication, and installation of gate valves (radial, sluice, wheel, sector), steel linings, transitions, bifurcations, and penstocks for dam projects, including the largest bifurcations in Iran and the tallest vertical shaft in the Middle East. Targeted at government water authorities and dam operators.
• Industrial Steel Structures Design, fabrication, and installation of industrial and building steel structures including structural frames, pipe racks, shelters, equipment platforms, and conveyor galleries for oil, gas, petrochemical, steel, cement, and construction projects. Targeted at large industrial clients including SAIPA, Iran Alloy Steel, and Golgohar Mining.
• Pressure Vessels and Drums Design and fabrication of cylindrical and spherical pressure vessels and drums for various pressure ratings, used in petrochemical, oil and gas, pharmaceutical, and food industries. Materials include carbon steel and stainless steel (A516, ST52, SA-240 304L). Targeted at refineries, petrochemical complexes, and gas processing plants.
• Storage Tanks Design, fabrication, and installation of storage tanks including atmospheric and pressure-rated tanks for petroleum products, water, alumina, sulfuric acid, and various industrial chemicals. Targeted at refineries, petrochemical complexes, and industrial operators.
• Oil, Gas, and Petrochemical Equipment Design and fabrication of specialized equipment for oil, gas, and petrochemical industries including pipe racks, separators, heat exchangers, and stainless steel storage tanks and drums. Targeted at oil and gas majors, petrochemical complexes, and refineries.
• Water Transmission and Distribution Networks Design, construction, and installation of water transmission pipelines and related infrastructure including large-diameter steel pipes (up to 6600mm diameter) for dam and irrigation projects. Targeted at water authorities and regional water transmission projects.
• Small Hydropower Plants Design and construction of small-scale hydroelectric power plants including turbine components (Pelton collectors, nozzles), civil works, power transmission lines, and electromechanical equipment. Targeted at power utilities and hydropower developers.
• Pump Stations Design and construction of pumping stations for water transmission and irrigation systems. Targeted at water utilities and irrigation authorities.
• Water and Wastewater Treatment Plants Design, fabrication, and installation of water and wastewater treatment plant equipment including chemical dosing units, filtration systems, chlorination units, and clear water storage tanks. Targeted at municipal water and wastewater utilities.
• Metal Bridges Design, fabrication, and installation of metal bridges including arch bridges and girder bridges, using advanced erection methods such as incremental launching. Targeted at government infrastructure projects and urban development.
• Power Plant Equipment Design, fabrication, and installation of power plant equipment including noise control enclosures, silencing systems, turbine casings, stacks/chimneys, air-cooled condensers (ACC), and structural steel for power generation facilities. Targeted at power plant developers and operators such as Mapna Toga.
• Silos Design, fabrication, and installation of storage silos in various materials (stainless steel, carbon steel) for petrochemical, cement, and mining industries. Targeted at petrochemical complexes, cement plants, and mining operators.
• Industrial Stacks and Chimneys Design and fabrication of industrial chimneys and stacks for power plants and other industrial facilities. Targeted at power plant developers and heavy industrial operators.
• Winches and Hauling Equipment Design and fabrication of winches and hoisting equipment used in dam and water infrastructure projects for gate operations and lifting. Targeted at dam operators and water infrastructure managers.
• Conveyors Design, fabrication, and installation of conveyor systems and structural supports for material handling in industrial facilities. Targeted at mining, cement, and steel industry operators.
• Steel, Copper, Cement, and Mining Industry Equipment Design and fabrication of specialized equipment for steel, copper, cement, and mining industries. Targeted at steel mills, copper plants, cement producers, and mining operators.

Quantifiable outcome

• 475m vertical shaft — tallest and largest in Middle East, with 740m design head
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• National Iranian Oil Company — Design and Manufacturer CertificationcoreImplementation/ SI/ Consulting PartnerNIOC-certified designer and manufacturer of various steel structures, storage tanks, and pressure vessels. Certification issued by National Iranian Oil Company for fabrication of industrial equipment.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Andritz AG: Global supplier of hydro equipment, gates, penstocks, and turbines for dams and pumped-storage plants — directly comparable to FNN's hydromechanical equipment business, but at much larger scale serving worldwide markets.
• Voith Hydro: Major manufacturer of hydro turbines, generators, and associated hydromechanical equipment including gates and penstocks. Comparable to FNN's dam-focused portfolio of large-scale hydromechanical components.
• CIMC Tianda (formerly CNK): Chinese manufacturer of large dam gates, penstocks, and hydromechanical steel structures — closely comparable in product mix, scale records, and project-based delivery model to FNN.
• IMPSA: Argentina-based manufacturer of hydro turbines, gates, penstocks, and wind power equipment — comparable mid-sized specialist in hydromechanical equipment for dams with similar project-based EPC delivery.

Broad incumbents

• Bilfinger SE: European industrial services provider with EPC capabilities in power, oil/gas, and process industries — comparable in industrial fabrication, EPC integration, and multi-disciplinary engineering services.
• Worley Limited: Global EPC and project services provider for energy, chemicals, and resources — comparable integrated project delivery model across petrochemical, refining, and power infrastructure.
• Petrofac Limited: Global EPC contractor for oil, gas, and petrochemical projects — comparable in integrated EPC delivery and pressure vessel/structural fabrication scope, though serving international markets.

Regional players

• MAPNA Group: Iranian state-owned power equipment manufacturer (turbines, generators, balance-of-plant). Comparable Iranian industrial manufacturer with overlapping power-sector customer base (FNN has supplied MAPNA on noise enclosures and power plant steel structures).
• Energy Industries Engineering & Development Co (EIED/MAPNA Industrial Group): Iranian EPC contractor for oil, gas, petrochemical, and power projects — comparable multi-disciplinary industrial contractor operating in Iran with overlapping customer base.
• Sarir Industrial Complex (Iran Heavy Equipment): Iranian heavy industrial manufacturer producing pressure vessels, heat exchangers, and oil/gas processing equipment — comparable domestic manufacturer serving similar Iranian oil/gas/petrochemical clients.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fanavary-novin-niroo
• Instagraminstagram.com/fanavary_novin_niroo

Compliance3 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 Fanavary Novin Niroo (FNN)