MAPNA Group is an industrial enterprise, consisting of MAPNA Group Company, as a parent company, and more than 40 specialized subsidiaries and affiliates. The Group is active in a wide spectrum of businesses, including, engineering, construction and development of thermal power plants, renewables, combined heat and power (CHP) facilities, combined power generation and water desalination plants, as well as engineering, execution and development of offshore and onshore oil and gas projects, execution of rail transportation projects, electrification, medical imaging services, operation, repair and maintenance services. MAPNA is also engaged in financing industrial projects within a variety of investment frameworks.
Through development of indigenous knowhow and acquisition of leading-edge technology, MAPNA Group designs and manufactures a wide range of advanced industrial machinery including, gas and steam turbines, wind turbines, turbine spare parts, blades and vanes, conventional boilers and heat recovery steam generators, thermal and hydro-generators, turbo compressors, control and safety systems, and passenger and freight locomotives, as well as operation and maintenance services at world-class level.
MPANA has a 50% share in the development of Iran's power capacity. The Group is also a major player in Iran's oil & gas and rail industries. High quality and competitive prices have helped our corporation to take an active role in the international markets.
MAPNA was established under the title "Iran Power Plant Projects Management Company" in August 1993. It began as a general contractor for power plant projects, working under turnkey schemes. The company gradually evolved from a sole contractor in 1990s and licensed producer in the 2000s to a technology owner in the 2010s, currently a leading name in the global gas turbine market.
The Group’s activities are deeply connected with serving the basic needs of the Iranian industries; since its inception, the conglomerate has been seeking to play the role of a "problem solving enterprise" in tackling strategic and infrastructural challenges. In recent years, MAPNA has attempted to employ the experience of industrial and managerial elites in the development of innovative scientific and technological techniques. The Group's activities in this field include developing intelligent infrastructure and electrifying transportation systems.
MAPNA Group aims to keep up with rapid global industrial trends through the transfer of technology and partnering with multinational companies, as well as acquisition of the know-how for localization of industrial products to help transition Iran into a country with advanced infrastructure.
In the mid-2000s, MAPNA Group joined two strategic sectors, oil & gas and rail transportation, relying on massive capabilities and managerial experience of the past decade. The construction of advanced passenger locomotives in collaboration with recognized international brands, as well as its presence as a contractor in oil and gas projects were among the most important measures by the Group in these two areas.
By the late 2000s, looking for new ways to realize its developmental aspirations and stay ahead of competitors in the fast-moving market, MAPNA founded its Research and Development (R&D) department to serve as its innovation engine and yield the critical technology from which it can develop new products, services, and business models; MAPNA’s homegrown MGT-70 (3) gas turbine was the first fruit of the new approach to R&D and modern technology adventures; the product is comparable to international models in terms of quality and are considered a turning point in independent design and manufacture of gas turbines that can help the country’s power plant sector evolve significantly.
In October 2013, the company's name was officially changed to "MAPNA Group" to reflect its development of business horizons beyond the management of power plant projects in the electrical industry.
The 2010s was the era of MAPNA’s flourishment in the oil & gas and rail industries. In 2018, the conglomerate became the first Iranian contractor to qualify for oil exploration and development, securing an agreement with the Oil Ministry to develop and operate Danan, Parsi and Paranj oilfields in Iran's Khuzestan Province.
Soon after entering the rail transportation market, MAPNA Group turned into a key actor of the industry and is now planning to enter regional markets. The significant amount of investment made in the sector is illustrative of the fact that the rate of demand growth in Iran is very high.
In the long run, MAPNA’s strategy is to broaden its product portfolio and promote its supply chain in wide gamut of fields, including the health, information technology, water, electrification, petrochemicals, and oil & gas sectors, in line with the plans to contribute the Iran’s industrial development. Such a vision is not restricted to domestic projects as the Group aspires to promote its brand in the international markets, including the Middle East, West Asia and North Africa, through cooperation with foreign and domestic knowledge-based firms.