Tose’e San’ati Moshfeq (Moshfeq Industrial Development) Company was founded in 2005 aiming to attract individual assets from skilled, experienced persons in running industrial departments in order to invest in different industries and supply part of the national demand for industrial products, technological development and access to the new technologies, as well as generating added-value, achieving profitability for the shareholders and contributing to industrial development and employment creation in Iran.

The company directors were well-versed in the area of metal casting, especially that of ductile pipes and its market. They conducted thorough assessments and considered the strong demand of water and wastewater management companies and other consuming organizations in the region and the lack of sufficient production capacity for the market as well as the readily available export market. Hence, in their first step after establishing Moshfeq Industrial Development Co., they planned and invested in producing the ductile pipes with an annual production capacity of 70,000 tonnes via starting the Hamoon Naiza Co. In their next step, they invested in other manufacturing and service companies to complete the production chain and utilize the resulting added-value and synergy.