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{{Short description|Manufacturing company in Arak, Iran}}
{{About|the Iranian companies |the Japanese power company|Hokkaido Electric Power Company}}
{{More citations needed|date=April 2020}}
{{Infobox company
| name = HEPCO
| native_name = 
| logo = 
| type = [[Public company|Public]]
| slogan = 
| foundation = {{start date and age|1972}}
| location = [[Arak, Iran]]
| key_people = 
| industry = *[[Heavy equipment]]
*[[Agricultural Machinery Industry|Agricultural machinery]]
*[[Automotive industry]]
*[[Energy industry]]
*[[Oil industry]]
*[[Metal Industry|Metal and mining]]
| products = *[[Bulldozers]]
*[[Combine harvester|Combines]]
*Continuous Casting Machine
*[[Dump Truck]]s
*[[Electric generator|Electric Generators]]
*[[Excavators]]
*[[Forklift]]s
*[[Graders]]
*[[Industrial machinery|Industrial Machinery]]
*[[Loader (equipment)|Loaders]]
*[[Paver (vehicle)|Pavers]]
*[[Railroad cars]]
*[[Road roller|Road Rollers]]
*[[Wheel tractor-scraper|Scrapers]]
*[[Power shovel|Shovels]]
*[[Tractors]]
*[[Trucks]]
*[[Tunnel boring machine|TBM]]
| revenue = 
| net_income = 
| homepage = [http://hepcoir.com/ www.hepcoir.com]
| logo_size = 
| area_served = Worldwide
| services = 
}}
[[File:HEPCO Grader (1).jpg|thumb|HEPCO motor grader HG180D|262x262px]]
'''Heavy Equipment Production Company''' ('''HEPCO''') is an Iranian corporation that manufactures [[Heavy equipment|construction equipment]], [[railroad car]]s, [[truck]]s, [[forklift]]s and the industrial machinery of [[Oil industry|oil, gas]], [[Energy industry|energy]], [[Metal Industry|metal]] and [[Mining industry|mining]] industries in [[Arak, Iran|Arak]], HEPCO is the largest [[heavy equipment]] manufacturer in the [[Middle East]]. This company has 1,500 employees with an annual production capacity of 4,800 units.<ref>{{Cite web |date=2023-08-10 |title=HEAVY EQUIPMENT PRODUCTION HEPCO COMPANY PUBLIC JOINT STOCK (IRAN) |url=https://www.emis.com/php/company-profile/IR/Heavy_Equipment_Production_Hepco_Company_Public_Joint_Stock__Heavy_Equipment_Production_Hepco_Public_Joint_Stock_Company__en_3769627.html |access-date=2023-10-13 |website=EMIS}}</ref>

==History==
HEPCO was established and registered in 1972, with the intention of assembly & production of heavy equipment.<ref name="BYI">{{Cite book |last1=Ayse |first1=Valentine |url=http://www.investiniran.ir/en/filepool/26?redirectpage=%2fen%2febook |title=The Business Year 2013: Iran |last2=Nash |first2=Jason John |last3=Leland |first3=Rice |date=January 2013 |publisher=The Business Year |isbn=978-1-908180-11-7 |place=London, U.K. |page=92}}</ref> In 1975 HEPCO resumed operation in its premises in [[Arak, Iran|Arak]] consisting of 1,000,000 square meters of land & 40,000 square meters of production hall in collaboration with manufacturers such as [[Navistar International]], [[Dynapac]], [[Poclain]], Sakai Heavy Industries and [[Lokomo]].

In 1984, HEPCO development project was designed in collaboration with [[Liebherr Group|Liebherr]] & [[Volvo]] companies, aiming at fabrication of steel structures of construction equipment.

In 2020, HEPCO signed 5 MOUs with National Iranian Copper Industry Company (NICIC), Mobarakeh Steel Company, Gol Gohar Mining and Industrial Company, Chadormalu Mining and Industrial Company, Mining Investment Insurance Company (MIIC), and Iran Mine House, said Khodadad Gharibpour, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) to manufacture 900 road building machines in total during the first and second years.<ref>{{Cite news |date=2020-07-28 |title=HEPCO to manufacture equipment, machinery for mining companies |work=Tehran Times |url=https://www.tehrantimes.com/news/450574/HEPCO-to-manufacture-equipment-machinery-for-mining-companies |access-date=2023-10-13}}</ref> 

=== Privatization ===
HEPCO was originally established before the [[Iranian Revolution|Islamic Revolution]] in Iran in 1979. The company was consequently seized by organizations and persons tied with Islamic Republic officials. Afterwards, the company was sold to the private sector as part of the ruling Islamic Republic privatization plans of 2006, which put Islamic Republic officials and their affiliates in control of the country’s vital businesses.<ref>{{Cite news |last=Pashm-Foroush |first=Sadegh |date=2019-01-18 |title=The collapse of HEPCO: How the Iranian Islamic Republic is destroying the country's vital industries |work=People's Mojahedin Organization of Iran |url=https://english.mojahedin.org/news/iran-news/the-collapse-of-hepco-how-the-iranian-regime-is-destroying-the-countrys-vital-industries/ |access-date=2023-10-13}}</ref> A series of protests<ref>{{Cite news |date=2017-09-23 |title=Iranian Police Defends Beating Labor Protesters |work=Radio Farda |url=https://en.radiofarda.com/a/iranian-police-beats-labor-protesters-in-arak/28753299.html |access-date=2023-10-13}}</ref> took place in intervals since the privatization took place, ending in 2021 when the factory eventually was shut down.

=== Collapse ===
After a series of clashes between the factory workers at HEPCO and police, multiple protesters were injured and/or detained by the Iranian anti-riot forces, and, as a result, the headcount of factory workers dropped from 8,000 to nearly 1,000.<ref>{{Cite news |date=2019-09-17 |title=Protesting Workers Battered By Security Forces In Iran |work=Radio Farda |url=https://en.radiofarda.com/a/protesting-workers-battered-by-security-forces-in-iran/30169043.html |access-date=2023-10-13}}</ref>

== Gallery ==
<gallery widths="200" heights="200" perrow="5">
File:Case IH Sugar Cane Harvester (2).jpg
File:HEPCO Grader (2).jpg|Grader HG180D
File:HEPCO HWL 110-2 wheel loaders (2).jpg|HWL 110-2
File:HEPCO HWL 110-2 wheel loaders (1).jpg|The parking of HWL 110-2 outside the production line
File:Case IH Sugar Cane Harvester (3).jpg|Sugar Cane Harvester
File:Case IH Sugar Cane Harvester (1).jpg|Sugar Cane Harvester
</gallery>

==See also==
*[[Automotive industry in Iran]]
*[[Mining in Iran]]

==References==
<references/>

==External links==
*[https://web.archive.org/web/20110501043805/http://hepcoir.com/ HEPCO Website]
{{TSE Companies of Iran}}{{Automotive industry in Iran}}{{Energy in Iran}}

[[Category:Manufacturing companies established in 1972]]
[[Category:Crane manufacturers]]
[[Category:Iranian brands]]
[[Category:1972 establishments in Iran]]
[[Category:Mining equipment companies]]
[[Category:Forklift truck manufacturers]]
[[Category:Companies listed on the Tehran Stock Exchange]]
[[Category:Industrial machine manufacturers]]
[[Category:Truck manufacturers of Iran]]
[[Category:Rolling stock manufacturers of Iran]]
[[Category:Car manufacturers of Iran]]
[[Category:Companies based in Arak]]
[[Category:Companies of Iran]]
[[Category:Manufacturing companies of Iran]]
[[Category:Iranian companies established in 1972]]
[[Category:Construction equipment manufacturers of Iran]]