Kaveh-Pars Mining Industries Development Company (KMID)

What Kaveh-Pars Mining Industries Development Company (KMID) does

Kaveh-Pars Mining Industries Development Company (KMID) is a state-owned industrial holding company headquartered in Tehran, Iran, wholly owned by the Foundation of the Underprivileged of the Islamic Revolution (بنیاد مستضعفان انقلاب اسلامی). It operates through approximately 30 wholly-owned subsidiaries organized across six industry verticals: steel (4 companies including South Kaveh Steel, Kaveh Shargh Steel, Arvand Kaveh Steel, East Kaveh Steel), cement (8 companies including Tehran Cement, Hegmatan Cement, Ilam Cement, Peyvand Golestan Cement, Nahavand Cement, Gilan Sabz Cement), tiles and ceramics (Sina Kashi and Kashi Pars), mining (Damavand Mining and Ghaleganj Kaveh Lime Mining), engineering services and trading (Fanavaran SOMIC, Pars Sarralle, Pishgaman PTI), and general industries including aluminum (Kalco), prefabricated concrete (Prefab), home appliances (Shahab), wire and cable (Simcat), and electric motors (Jemco).

The company's core technology stack spans industrial process equipment — MIDREX direct reduction for sponge iron, electric arc furnace steelmaking, nano-polishing machinery for porcelain tiles, and aluminum extrusion with anodizing and electrostatic paint finishing — supported by integrated mining upstream at Damavand and Ghaleganj. Aggregate capacity includes 1.775 million tons of sponge iron at SKS, 13,400 tons/day of cement at Tehran Cement, 16.7 million square meters of tile output, and 71,000 tons of aluminum products annually. The holding employs approximately 10,000 personnel across production sites in Bandar Abbas, Tehran, Hamedan, Ilam, Golestan, Nahavand, Gilan, Qazvin, Masjed Suleiman, Khorramshahr, Torbat Heydarieh, Tabriz, and Sabzevar.

KMID's business model is B2B sales-led, supplying cement, steel, tiles, aluminum, and construction materials to Iranian government agencies and national infrastructure projects, with steel and tile exports to Turkmenistan, Russia, Azerbaijan, Kazakhstan, Uzbekistan, and Afghanistan. Revenue is generated primarily through hardware sales of industrial commodities, with ancillary engineering services from subsidiaries like SOMIC and Pars Sarralle. The holding is not publicly traded, and pricing is not publicly disclosed. The company reported 51.3% revenue growth and 5% production growth in the most recent period, and has stated a strategic vision to achieve leadership in Iran's mining industries by the 1404 horizon.

Name

Kaveh-Pars Mining Industries Development Company (KMID)

Legal name

گسترش صنایع و معادن کاوه پارس (Gostar-e Sanaye Va Ma'dan-e Kaveh Pars)

Website

https://kpars.ir

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Kaveh-Pars Mining Industries Development Company (KMID) is a Tehran-based, state-owned industrial holding company under the Foundation of the Underprivileged, operating ~30 subsidiaries that produce steel, cement, tiles, aluminum, mining products, and electrical equipment for Iranian government projects and regional export markets.

Ownership category

akta.pro rank

Product category

Industrial Mining and Metals Manufacturing

NAICS

Other Nonmetallic Mineral Mining and Quarrying (21239), Nonmetallic Mineral Mining and Quarrying (2123), Iron Ore Mining (212210), Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (21232)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Contract Crushing, Screening & Materials Handling (In-Pit/ROM, Conveying, Stockpiling) (IMAKAKAH)

akta.pro secondary industries

Aggregate Processing & Value-Added Products (Washing, Screening, Asphalt/Concrete Aggregates) (IMAKAHAH), Construction Aggregates Mining & Processing (Sand, Gravel, Crushed Stone) (IMADAAAI)

Keywords

• Steel production
• Cement manufacturing
• Ceramic tile production
• Mining extraction
• Industrial holding company

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Others

Revenue model

1. Steel Products: Production and sale of steel products including sponge iron, ingots, billets, and rolled steel sections through subsidiaries SKS, KSS, AKS, and EKS
2. Cement and Construction Materials: Production and sale of various cement types through 8 cement subsidiaries including Tehran Cement, Hegmatan Cement, Ilam Cement, Peyvand Golestan Cement, Nahavand Cement, and Gilan Sabz Cement
3. Tiles and Ceramics: Production and export of wall and floor tiles through Sina Kashi and Kashi Pars subsidiaries
4. Aluminum Products: Production of aluminum profiles and billets/ingots through Kalco subsidiary
5. Mining Products: Extraction and sale of minerals including borax, lead concentrate, travertine, iron ore, pumice, and barite through Damavand Mining and Ghaleganj Kaveh Lime Mining
6. Engineering and Trading Services: Engineering services, project management, and trading of industrial equipment through subsidiaries including SOMIC, Pishgaman, and Pars Sarralle
7. Electrical Equipment and Consumer Goods: Production of wires/cables (Simcat), electric motors (Jemco), and home appliances (Shahab)

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

KMID is a state-owned mining and industrial holding company that operates approximately 30 wholly-owned subsidiaries producing steel (sponge iron, ingots, rolled sections), cement (Portland, pozzolanic, masonry, drilling, white cement), ceramic wall and floor tiles, aluminum profiles and billets, industrial minerals (boron, lead, iron ore, lime, travertine, pumice, barite), prefabricated concrete, wires and cables, electric motors, and home appliances. Output is sold to government infrastructure projects, construction firms, and export markets across Central Asia.

Product overview

Kaveh-Pars Mining Industries Development Company (KMID) is a holding company (subsidiary of Mostazafan Foundation) operating through approximately 30 subsidiary companies across 6 industry verticals: (1) Steel — South Kaveh Steel, Kaveh Shargh Steel, Arvand Kaveh Steel, and East Kaveh Steel produce sponge iron, ingots, and rolled steel sections; (2) Cement — Tehran Cement, Hegmatan Cement, Ilam Cement, Peyvand Golestan Cement, Nahavand Cement, and Gilan Sabz Cement produce various cement types; (3) Tile & Ceramic — Sina Kashi and Kashi Pars produce wall tiles and polished porcelain; (4) Mining — Damavand Mining extracts boron, lead, travertine, and iron ore, while Ghaleganj Kaveh Lime Mining extracts lime; (5) Engineering Services & Trading — Fanavaran SOMIC provides project management and engineering, Pars Sarralle manufactures steel factory equipment, Pishgaman PTI supplies industrial/mining materials, and Kowsar entities operate in mining and general industries; (6) Other Industries — KALCO produces aluminum profiles, Prefab makes prefabricated concrete, Shahab makes home appliances, Simcat makes wires/cables, and Jemco makes electric motors. The holding's portfolio spans the full mining-to-manufacturing value chain.

Differentiator

Problem solved

Functional benefit

Products and services

• South Kaveh Steel (SKS) Steel producer in Bandar Abbas producing sponge iron via MIDREX direct reduction, steel ingots via electric arc furnace, and rolled steel sections. Operates on 170 hectares within the Persian Gulf Special Economic Zone and serves as one of the largest steel investments of the Foundation of the Underprivileged. Achieved a 12-year production record of 1,775,000 tons of sponge iron in 11 months.
• Kaveh Shargh Steel (KSS) Steel company with iron ore mine project in Khorasan Razavi province (Maaden Sangan) and steel project in Torbat Heydarieh, producing steel products.
• Arvand Kaveh Steel (AKS) Steel company in Arvand Free Zone with a rolling mill for round rods and wires (600,000 tons/year capacity operational since 2016) and a planned second phase including direct reduction units (1.7 million tons) and steelmaking (2 million tons).
• East Kaveh Steel (EKS) Steel company completing the steel chain from mining to steel sections, targeting top three producers nationally with a 10% share of national production.
• Tehran Cement Cement producer established in 1956 with a current production capacity of 13,400 tons per day, manufacturing Portland cement, drilling cement, masonry cement, white cement, and composite cement. Net profit increased 94% in H1 1402.
• Hegmatan Cement Cement factory located 100 km from Hamedan city producing 7,000 tons per day, one of the largest cement producers in Iran, producing clinker, PKZ cement, pozzolanic Portland cement, and Type 2, 5, and 425-1 cements.
• Ilam Cement Cement company in Ilam province with production capacity of 5,300 tons of clinker per day (1,600,000 tons per year), producing Portland cement types 425-1, 2, 5, pozzolanic Portland cement, and special pozzolanic Portland cement.
• Peyvand Golestan Cement Cement company in Golestan Province with annual production capacity of one million tons, selling in domestic markets and exporting to Turkmenistan, Russia, Azerbaijan, Kazakhstan, Uzbekistan, and Afghanistan.
• Nahavand Cement Cement company in Hamadan province producing 3,300 tons of clinker daily and one million tons of cement annually, producing Portland cement types 325, 425, and Type 5 and pozzolanic Portland cement. Second line operational from May 2013.
• Gilan Sabz Cement (Deilaman) Cement factory in Gilan province capable of producing 1,200,000 tons of cement annually, located 65 km south of Siahkal city. Became fully operational in May 2013.
• Sina Kashi Tiles and Ceramics Tile and ceramic company with production capacity of 10,000,000 square meters producing porcelain, floor, and decorative tiles in various dimensions using advanced digital printing technology. Awarded the National Export Medal.
• Kashi Pars Tiles Tile company with production capacity of 6.7 million square meters producing double-fired wall products and single-fired porcelain matte and polished products, including large dimension tiles (200x100 and 120x120), marketed under 8 separate brands. Nano polishing equipment installed to enhance stain and scratch resistance.
• Damavand Mining Mining company extracting boron mineral (Colemanite), lead ore and concentrate, travertine, iron ore, mineral pumice, and producing boric acid. Listed on the stock exchange under the symbol 'Kedma'.
• Ghaleganj Kaveh Lime Mining Lime mining company extracting and processing lime products for industrial use.
• Kowsar Mining Mining development company with over 30 years of experience operating in the value chain of minerals from exploration, extraction, processing, and trade, with priority on construction and decorative stone quarries.
• Aluminium Kaveh Khuzestan (KALCO) Aluminum producer in Masjed Suleiman producing 11,000 tons of profiles annually in Phase 1 and 60,000 tons of alloy billets and ingots in Phase 2, with extrusion (alloy series 1000-7000), anodizing, electro-coloring, and electrostatic paint coating capabilities.
• Prefab (Prefabricated Concrete) Prefabricated concrete products company with annual capacity of 100,000 cubic meters of ready-mixed concrete and production of various precast concrete elements including foundations, columns, wall panels, slabs, and pipes; also produces 300,000 tons of aggregates annually.
• Fanavaran SOMIC Engineering Services Engineering and management company providing technical engineering and project management services, feasibility studies, tender document preparation, design and engineering, plan/project management, and purchase engineering and inspection.
• Pars Sarralle Steel Equipment Equipment manufacturing company designing and producing main and auxiliary equipment for steel factories including melted pans, dust collection systems, cooling panels, tanks, hoppers, and shooting equipment.
• Pishgaman Gostaresh Ofogh Tejarat Iranian (PTI) Trading Trading company supplying industrial and mining equipment, iron and steel sections, scrap metal, mineral products, mining machinery, and non-ferrous metals in domestic and international markets.
• Simcat Wires and Cables Wire and cable manufacturer established in 1974 in Tabriz producing spaced cables, self-supporting cables, ground power cables, and flexible cables, with additional production of PVC granules and aluminum/copper wire.
• Jemco Electric Machines Electric machines manufacturer in Sabzevar producing low and high pressure squirrel cage motors, wound rotor motors, medium pressure compact motors, smoke motors, and explosion-proof motors.
• Shahab Home Appliances Home appliances manufacturer with 79 years of experience producing televisions, washing machines, vacuum cleaners, refrigerators, gas stoves, speakers, soundbars, and digital TV receivers.

Quantifiable outcome

• 51.3% revenue growth achieved
• +4 more outcomes

Named customers2 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

Feature4 records

Partnerships

One partnership is on record.

• Persian Gulf Special Economic ZonecoreStrategic or Co-development PartnerSouth Kaveh Steel (SKS) operates within the Persian Gulf Special Economic Zone for Mineral and Metal Industries, providing strategic access to port facilities, commercial zones, and transit infrastructure for steel export operations

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• IMIDRO (Iranian Mines & Mining Industries Development & Renovation Organization): Iranian state agency overseeing the country's mining and mineral industries. Broader incumbent that supervises the same upstream mining space where KMID's mining subsidiaries operate.
• Holcim Group: Global leader in cement and aggregates with diversified building materials portfolio. Comparable to KMID's cement-heavy portfolio and integrated aggregates-mining model.
• Heidelberg Materials: One of the world's largest cement and aggregates producers. Comparable to KMID's cement and aggregates footprint at the global scale, though operating in far more geographies and without sanctions exposure.
• ArcelorMittal: World's largest steel producer with integrated mining-to-steel operations. Comparable to KMID's steel portfolio in terms of vertical integration, but operating globally and at much greater scale.

Regional players

• Çimsa Çimento: Major Turkish cement producer exporting to MENA and Central Asia. Comparable to KMID's cement operations in product mix and geographic reach into the same regional export markets.

Direct peers

• Mobarakeh Steel Company: Iran's largest steel producer and the country's flagship integrated steelmaker. Highly comparable to KMID's four steel subsidiaries (SKS, KSS, AKS, EKS) in product mix, scale, and Iranian state-affiliated ownership.
• Foulad-e-Saba (Foulad Saba Steel): Iranian steelmaker producing sponge iron, billets, and rolled products. Comparable in product range and Iranian market focus to KMID's South Kaveh Steel and Arvand Kaveh Steel subsidiaries.
• Ghadir Investment Company: Major Iranian investment holding company with diversified industrial and mining assets, including significant cement operations. Closely mirrors KMID's structure as a state-affiliated diversified industrial holding.
• IDRO Group: Industrial Development & Renovation Organization of Iran — state-owned holding managing diverse industrial subsidiaries across heavy industry. Directly comparable to KMID as a fellow state-backed industrial conglomerate in Iran.

Others

• Mostazafan Foundation: Parent organization of KMID and one of Iran's largest state-affiliated charitable foundations with extensive industrial holdings. Ecosystem participant whose capital allocation directly shapes KMID's investment trajectory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kaveh-pars-mining-industries-development-company-kmid

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries25 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 Kaveh-Pars Mining Industries Development Company (KMID)