Est. 2005 · Chaharmahal & Bakhtiari · CBASCO

History
Varagh Khodro Company

From the First Tender to the Pioneer of the Country's Galvanizing Industry

A Story of National Resolve, International Collaboration and Continuous Growth

2005
Year of Contract
2010
Official Factory Inauguration
+95%
Automotive Galvanized Sheet Supply
3
New Annual Grade
Company Profile

from an international tender
to Top Producer National

The first steps were taken in the early 2000s with an international tender; where a consortium consisting of IRITEC Iran and CMI Belgium won the project execution.

The plant construction contract in 13 April 2005 was signed and project financing began with SG Bank of France, Bank of Export Iran and shareholders' contributions.

in November 2010 The plant was inaugurated in the presence of the incumbent President and became one of the most advanced coated sheet production lines in the country.

In 2014, upon joining Mobarakeh Steel Group, a major leap in production capacity occurred, making the company the primary supplier of automotive galvanized sheet in the country.

Year Founded & Construction Started
2005
Contract Signing with IRITEC Iran and CMI Belgium Consortium
Financing with SG Bank France and Bank of Export Iran
Inaugurated in November 2010 in the presence of the President
Joining Mobarakeh Steel Group in 2014
Strategic Merger with Taraz Company in January 2025
Company at a Glance

Capacities and Operational Scope

Varagh Khodro Chaharmahal & Bakhtiari, as one of the subsidiaries of Mobarakeh Steel Group and a dedicated producer of galvanized sheets, plays a strategic role in supplying raw materials to the Automotive and Home Appliances of the country.

660thousand tons
Two Galvanized Sheet Production Lines
Annual Nominal Capacity
430thousand tons
Two Single-Stand Cold Rolling Mills
Annual Capacity
500thousand tons
Pickling Unit
Annual Capacity
Factory No. 1
Sefiddasht Area
Kilometer 33, Borujen - Shahrekord Road
Chaharmahal & Bakhtiari Province
Factory No. 2
Shahrekord, Industrial Town
Phase 3 (Development)
Chaharmahal & Bakhtiari Province
Investment in Sustainable Resources
Sarigol Lead and Zinc Mine

In collaboration with Mobarakeh Steel Mineral Supply & Processing Company, located in Esfarayen County, North Khorasan Province. This mine, with an area of 72 km² and annual extraction capacity of 60,000 tonnes of ore, is part of the company's sustainable raw material supply strategy.

72 km² 60,000 tonnes/year North Khorasan · Esfarayen
Timeline

Path Progress

Early 2000s
International Tender
An international tender was held for plant construction. The IRITEC Iran and CMI Belgium consortium was selected as the winner.
13 April 2005
Contract Signing
The plant construction contract was signed and project financing began with SG Bank of France, Bank of Export Iran and shareholders' contributions.
November 2010
Official Factory Inauguration
In the presence of the incumbent President, Varagh Khodro plant was officially inaugurated as one of the most advanced coated sheet production lines in Iran.
2014
Joining Mobarakeh Steel Group
A landmark event that led to remarkable production capacity growth, improved productivity, expanded target markets and a significant leap in profitability.
Ongoing · Every Year
Continuous Product Innovation
On average, 3 new high-strength sheet grades are introduced to the production lines each year — a testament to high R&D capacity.
January 2025
Strategic Merger with Taraz Company
A major step toward integrating national capacities in the coated sheet sector, opening new horizons for Iran's steel industry.
CEO's Message

Words CEO

Eng. Hamid Shojaei

As one of the largest galvanized steel producers in the country, focusing on producing specialty galvanized sheets for the automotive and other industries, we are committed to sustainable — economic, social and environmental — development of Chaharmahal & Bakhtiari Province and creating value for stakeholders.

Eng. Hamid Shojaei
CEO of Varagh Khodro Chaharmahal & Bakhtiari · since 2021/11/01
Management History

History Managers Company

Eng. Hamid Shojaei
From 2021/11/01 · Ongoing
Current CEO
Dr. Vahid Mirzaei Bafti
2020/11/29 to 2021/11/01
Eng. Asghar Esmaili
2014/07/23 to 2020/11/29
Eng. Masoud Javanbakht Samani
2013 to August 2014
Eng. Fereydoun Hamidi
2011 to 2012
Eng. Hossein Mardani
2005 to 2010
Eng. Mohammad Ebrahim Ghadiriyan
2001 to 2005
Achievements

Why CBASCO?

🏭
Most Advanced Production Line
Utilizing CMI Belgium technology; among the most advanced coated sheet production equipment in the Middle East.
🚗
Supplying 95% of Automotive Requirements
Hundreds of domestic automakers and parts manufacturers directly and indirectly benefit from this company's products.
🔬
3 New Grades Annually
High R&D capacity with the annual introduction of new high-strength sheet grades to meet the diverse needs of the industry.
🌍
International Collaboration
Collaboration with the largest European companies and international financing — a testament to the global credibility of this industrial complex.
📈
Growth Under the Umbrella of Mobarakeh Steel
Since 2014, with the support of Mobarakeh Steel Group, the company's productivity, production capacity and profitability have seen remarkable growth.
🏆
Provincial Development Model
15 years of continuous effort have transformed the company into a successful model for industrial policy in the country's regions.