About
About Fakoor International Engineering Company
Fakoor International Engineering Company (FITCO) was established in 2002 with the mission of providing high-quality, reliable, and timely capital equipment for large industrial units in Iran, particularly in the mining and steel sectors. Over the years, FITCO’s scope has expanded to include the oil, gas, petrochemical, and renewable energy industries.
Thanks to its organizational capabilities and a talented, creative team of experts, we take pride in having built a highly valuable network of clients and employers in industries such as mining, metals, steelmaking, cement, oil, gas, petrochemical, power plants, and renewable energy. We have always strived to be a worthy and trustworthy partner in executing large-scale industrial projects. FITCO has been a reliable consultant to major industries in the country, offering a wide range of foreign trade services including sourcing, procurement engineering, foreign exchange, technical inspections, and logistics to ensure smooth delivery of goods to Iranian customs.
CEO's Message
I believe, as do my colleagues at FITCO, that we have consistently proven through our various projects that every challenging problem or complex issue can be overcome with serious intention, firm determination, and expertise. In today's world, a leading company that will remain sustainable and successful is one that can swiftly adapt to environmental changes and flexibly meet the diverse needs of its customers. Therefore, over the years, we have integrated technology, commerce, and services, gained exclusive representation for some of the most reputable international brands, and steadily improved the capabilities and strengths of our dynamic organization. We are proud to have successfully delivered professional services in consulting, engineering solutions, technological expertise, and supply of essential equipment and components to vital industries in the country, even overcoming the toughest commercial challenges.
Above all, FITCO’s most valuable asset is the trust of our loyal customers in industries such as steel, mining, oil, gas, petrochemicals, energy, and cement. We continue to nurture and protect this trust and, hand in hand with our clients, work towards brighter days for Iran.
I would like to sincerely thank all our valuable customers and key strategic partners for their continuous support. We remain committed to our original promises and look forward to the new opportunities and challenges that lie ahead, while reinforcing our position for continued success.
Let’s aspire to the leadership of our national industries in the global competition arena.
Iraj Seifi
Reasons to Choose FITCO
Industrial Procurement
Procurement for the country's main industries in the fields of mining & steel, oil, gas, petrochemical, solar energy, the cement industry, using global experiences, knowledge, and technology, and establishing a bridge to global technology with domestic industries is part of FITCO's mission and core competency.
Export Management Services (EMS)
As exports have become more important in recent years, both nationally and in corporate level, FITCO has developed and consolidated its international communications network and commercial infrastructure abroad, and so, Export Management Services (EMS) has been added to the range of FITCO's services, to take advantage of the FITCO's potentials.
Engineering Consulting
FITCO's vision is to become a knowledge-based company, and therefore emphasizes simultaneously on production, international trade, and innovative technologies. according to our years of experience in the local and global industries, and relying on the deep and extensive knowledge of manufacturers whose products are in FITCO's product portfolio, FITCO now is able to offer comprehensive solutions.
EPC Contracting
In recent years, starting with the overhaul of supplied systems, FITCO has also taken on the supervision of the installation, commissioning of supplied equipment, and has successfully installed and commissioned complex and multidisciplinary systems.
Also, in the field of solar power plants, FITCO, in addition to supply, has implemented some of the projects as EPC contractor.
Commercial Services
FITCO, has developed its international commercial infrastructure and has offices in region and European countries, and so FITCO is ready to provide international commercial services to its business partners and customers. Commercial services can also be provided for industries outside of FITCO's specialized field.
Fitco's Values, Vision and Missions
Core Values
Business Ethics
FITCO is committed to the following core values, which guide all of our programs and actions:
- Professional Business Ethics:
- Customers: Honest, transparent, and trustworthy behavior, with a commitment to customer satisfaction based on a deep understanding of their needs, expectations, and interests.
- Employees: Ethical and fair treatment of employees, striving for their empowerment and involvement, and improving their quality of life.
- Society: Contributing to national welfare, development, and sustainability, while responsibly protecting natural resources and the environment.
- Balanced Value Creation for All Stakeholders:
- Customers: Focusing on customer satisfaction.
- Employees: Providing opportunities for growth, learning, and skill development, fostering collaboration, and promoting an open feedback culture.
- Society: Preserving the environment, promoting entrepreneurship, and providing technologies for renewable energy to avoid natural resource depletion.
- Shareholders: Continuously improving corporate governance systems, ensuring transparency, creating smart strategies for sustainable growth, and fostering long-term wealth creation.
- Organizational Agility:
- Customers: Developing dynamic structures and agile internal processes to provide deep levels of product customization and enhance the customer experience.
- Employees: Promoting a culture of continuous learning, enhancing feedback systems, and improving information flow and team collaboration.
- Society: Transferring modern technologies, contributing to the transformation of industries, and aligning with international advancements through a forward-thinking approach.
Vision
By increasing market share, diversifying revenue streams, improving customer satisfaction, and enhancing productivity through effective systems and processes, FITCO aims to be listed among the top 200 companies in Iran by 2026. We strive to be the first choice for customers seeking a capable, responsible, and efficient partner for advanced industrial solutions and sustainable resource management.
Mission
Our mission is to be a reliable business partner, providing the latest global knowledge, technology, and equipment to the leading industries of the country. This mission is backed by our prominent human resources and robust international trade infrastructure.
FITCO specializes in the supply of industrial equipment, process machinery, packages, tools, and components for projects in mining, steel, metals, cement, oil, gas, petrochemicals, and renewable energy sectors.
Our ultimate goal is to create sustainable value for all stakeholders and contribute to the comprehensive development of Iran and the improvement of the well-being of its people.
-
Business Ethics
FITCO is committed to the following core values, which guide all of our programs and actions:
- Professional Business Ethics:
- Customers: Honest, transparent, and trustworthy behavior, with a commitment to customer satisfaction based on a deep understanding of their needs, expectations, and interests.
- Employees: Ethical and fair treatment of employees, striving for their empowerment and involvement, and improving their quality of life.
- Society: Contributing to national welfare, development, and sustainability, while responsibly protecting natural resources and the environment.
- Balanced Value Creation for All Stakeholders:
- Customers: Focusing on customer satisfaction.
- Employees: Providing opportunities for growth, learning, and skill development, fostering collaboration, and promoting an open feedback culture.
- Society: Preserving the environment, promoting entrepreneurship, and providing technologies for renewable energy to avoid natural resource depletion.
- Shareholders: Continuously improving corporate governance systems, ensuring transparency, creating smart strategies for sustainable growth, and fostering long-term wealth creation.
- Organizational Agility:
- Customers: Developing dynamic structures and agile internal processes to provide deep levels of product customization and enhance the customer experience.
- Employees: Promoting a culture of continuous learning, enhancing feedback systems, and improving information flow and team collaboration.
- Society: Transferring modern technologies, contributing to the transformation of industries, and aligning with international advancements through a forward-thinking approach.
- Professional Business Ethics:
Quality Policy
FITCO is a supplier of equipment, machinery, and materials for industries including mining, metals, steel, and oil, gas, petrochemical, and energy sectors. With a process-oriented approach and a strong belief in continuous improvement, we are committed to enhancing service quality, customer satisfaction, environmental performance, and occupational health and safety. We pledge to:
- Maintain and expand FITCO's competitive position in the market and continuously increase the number of loyal customers.
- Attract, retain, and develop talented human resources, creating a vibrant and healthy environment for employee participation in decision-making.
- Promote environmental protection and conservation of natural resources and energy.
- Continuously improve all company processes and enhance responsiveness to stakeholders.
- Build a learning, creative, and forward-thinking organization.
- Expand FITCO's business in international trade, investing in profitable economic opportunities, new technologies, and transferring global expertise to domestic industries.
- Stay loyal to FITCO’s core values of business ethics, balanced value creation, and organizational agility.
The responsibility of myself and the senior managers of FITCO is to ensure that these principles are properly understood, integrated, and fully implemented throughout the company. We will continually monitor and evaluate our processes, adjusting them as needed to ensure continuous improvement.
Iraj Seifi
CEO