Gholamreza Sadeghian added: "This agreement is from the laws of the eleventh government`s visit to the central province, which is being pursued by the country`s planning and management organization.
He added: "This contract comes into force after the signing of the ministers of the country, industry, mining, trade and road and urban development, which is expected to become operational this coming week."
The CEO of HEPCO Arak said: "The contract has been scheduled for five years by the HEPCO plant to deliver periodically and annually machines to utilities and ministries.
He approved the credit of the first year of the contract four thousand and 800 billion rials and said: "This contract is developed as long-term plans of HEPCO, which is guaranteed for five years of operation of this specialized mother company.
Sadeghian stated that HEPCO`s new management started its operation from June 31, adding: "The infrastructure, equipment and production factors of HEPCO Company were evaluated by the experts and the new board of directors of the company, and accordingly 400 machine tools Construction machinery worth more than 3 trillion rials was targeted.
He added that in order to maximize the production and operation of the targeted programs, obtaining banking facilities has been included in the management plan of the company. In this regard, 170 billion rials have been provided for the provision of raw materials for 115 incomplete products and 450 billion rials for production of part. Of the 300 devices (150 devices of the National Organization of Railways and 150 units for free sale), it is requested from operating banks.
Managing director of HEPCO Arak Company said that in the past two years, about 300 billion riyals have been received from the facility for payment of salary due to personnel of HEPCO, which is approved by the National Working Group on Facilitation and Removal of Obstacles to the Production of the Country.
He said: "The new management approach of HEPCO is the payment of workers` salaries as a result of the production and sale of products, and with this approach, up to four months, the staffing rights of HEPCO will be updated.
He stated that there were many problems during the delivery of the company (June 31st): besides the company was in a recession, all the rial and foreign currency accounts of the company were blocked, which was followed by new management, senior management of the province And the co-operation of the Jade Open Joint Stock Company and the activity was resumed.
Sadeghian continued: There were commitments to the Ministry of Railways, Municipality and Dehariyah, which for various reasons was not carried out in the past years, which today we entered into negotiations with the Ministry of Railways to buy 150 machine tools for graders and loaders. And the order for the construction of 60 final machines is at the stage of quitting, which is currently made by two machines and delivered to the North Khorasan province.
The CEO of HEPCO, referring to entering the field of heavy power plants and oil and gas along with the production of road construction machinery, said: "Based on the plans developed by the new management of HEPCO, the company will be fully restructured by the end of this year. The cycle is generated.
He recalled that the new company`s management plans provided a large number of young Arak residents who will soon be eligible for the company.
Sadeghian said: In addition to the new workforce, people who have retired by using the law of hard and harmful activity, with 20 years of work experience from the company, are also employed as advisory groups in the company to have scientific and Transfer their work experiences to the younger generation.
He noted that a team of experts from HEPCO has been formed to assess the customs of various parts of the country with the aim of preventing the import of road construction machinery, which, based on the activities of this group, has just identified 40 different types of road construction machines when they arrive and sent to the Ministry of Industry , Mining and trade were reported.
The CEO of HEPCO Arak has said that HEPCO`s payday loans are due to the commercial, national, housing, and agricultural banks that have been requested by the company`s management for one year, breathtakingly.
He said the majority of the company`s forces were sent to the summer holiday last week and partly after the first group returns to the holidays, which did not create the slightest gap in the activities of HEPCO.
HEPCO Company was established in 1971 in a land plot of 90 hectares with the aim of assembling road construction machinery and has been operating since 1354.
HEPCO Arak Company currently produces 25 types of road construction machinery, including graders, loaders and rollers, of which eight products are licensed in countries such as Japan, Germany, and Sweden.
The HEPCO factory was privatized in 2006 at the height of its growth and development.
Since January 2006, the factory was restarted to the Iranian Privatization Organization, until it was decided to hand over the plant to the Hydro Atlas Company of Saveh in February of the same year.
Following the inadequate yearly performance of Hydro Atlas Corporation, the company returned to the privatization organization this June and transferred new management.