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Description

Khuzestan Steel Pervasive Development Group Company has been established on 16 January 2014 with ten billion rials capital In the form of a special share and with the approach of carrying out activities in commercial fields in order to supply raw and auxiliary materials for steel production and also to export the products of Khuzestan Steel Company (as a major shareholder). At the beginning of April 2014 according to the development policies of Khuzestan Steel Company and the realization of strategic goals in line with the sustainable supply of raw materials, investment and purchase of shares of two central iron ore companies and Shadgan Steel Industry was made. With the expansion of investments, the major shareholder decided to create an investment holding in order to plan and manage subsidiaries to achieve the goals and vision of the group in order to increase productivity, competitiveness, agility and ultimately increase profitability. In this way, Khuzestan Steel Comprehensive Trade Development Company in 2016, with the policies made, along with commercial activities, started the necessary planning for the integrated and modern management of subsidiaries with the aim of synergy. In this regard, the ownership of other subsidiary companies of Khuzestan Steel, including Ideparzaan Sanat Foalad and Khuzestan Steel Future Cultural and Sports Company, was transferred to this company. In addition, the shares of Pishgaman Foulad Jonoob and Ganjineh Pardis consulting engineers were purchased in 2016, and the comprehensive future insurance company was established. In 2017, the name of the company was changed to Khuzestan Steel Comprehensive Development Group, and in order to focus more on the management of subsidiaries and increase the productivity of investments, other unrelated activities were assigned to other companies. Currently, this holding has invested in 11 companies amounting to ten thousand billion Rials.