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Iran: Important farm machinery factory closed down

NCRI, 28 January 2013 – Iran Combine Manufacturing Company, the only company in Iran making combine agricultural machinery has been shut down for the past few months due to financial problems, according to reports received from Iran.


Iran Combine Manufacturing Company used to be one the top 10 state-owned companies prior to 2008. However in 2011 the company’s  production almost came to a halt.  In 2012 the layoffs began and in few months majority of its workers were laid off.


The crises in the company was intensified in 2010 after being taken over by Astan-e-Qods, a multibillion dollar state enterprise. Even though the company’s name appears in Iran’s stock market book all the production facilities of the factory have been sold.

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