Global Attitude

Domestic Development Global Attitude Who We Are and What We Do... Who We Are and What We Do We are a large industrial family including MAPNA Group as the parent enterprise and 41 subsidiaries and affiliates active in Iran’s industry since 1993. Ever since, we have been constantly developing our special services, products, and solutions through a knowledge-based and futuristic strategy which along with gaining local and international customer satisfaction and trust, has led us towards playing an efficient role in bringing welfare to our stakeholders. Committed to strength of domestic economy and focused on manufacture as well as offering a diverse range of services, our perspective is to become the reference industrial group in energy and rail transportation divisions in the upcoming years. Engineering, execution and development of thermal power plants, cogenerations plants and combined heat and power plants (CHP plants), cogeneration for power and desalination facilities, and manufacturing renewable energy power plants, along with a wide range of products, services and solutions, are some of our capabilities in power division. On the other hand, engineering, manufacturing, and development of oil & gas projects in land and offshore as well as rail transportation are among other capabilities of our company. Investment and financing projects performed under various contract schemes facilitate and complete our capabilities in providing customer services to our numerous local and international customers. Our ultimate goal is to have a positive impact on people’s general quality of life: looking at our very unique role in lighting homes, launching factories, and making energy access easier and broader, our satisfaction is the result of dedication by the entire MAPNA family. Where Do We Stand and What Horizons Are Ahead? Since its inception, MAPNA Group has been successfully involved in more than 100 major projects valuing over € 30 billion. In addition to achieving numerous honors and awards, MAPNA Group boasts a fifty percent share in generation of Iran’s power capacity and also effective contribution in developing oil & gas projects and rail transportation of the country, relying on quality and competitive price of its products and services. MAPNA has had an efficient and active participation in markets across the Middle East, North of Africa, and Southeast Asia. And this trend is to be continued in MAPNA. Wherever you begin, ultimately you have to find yourself within the light of a reading lamp that a hardworking student is studying under, the heat of gas heater warming a family in a remote mountainous region, and the smile of passengers boarding on train to visit their loved ones. We are determined to become a reference industrial group in two domains of energy and rail transportation in near future. That is how we wish to embody our intrinsic values -customer orientation, innovation, excellence, safety, responsibility and ethics; and play a multi-dimensional role constructor, investor, executor, developer, and service provider. New Businesses Innovation, from the very first days of MAPNA, has been one of our intrinsic values. What we have achieved so far is the result of perpetual exploration of new paths and creating new chances. Thus, new opportunities are always welcome in MAPNA Group since they foster development of our range of services. MAPNA’s involvement in the strategic fields of manufacturing medical equipment and developing telecom infrastructures with the goal of localizing associated technologies would be the big step forward in business development. All for One Talking about a growing conglomerate such as MAPNA would not only be impossible but also insufficient without pointing at its managers, experts, skilled workers, and partners who have made the most difficult projects feasible through their valuable characteristics. In MAPNA, work and life are quite balanced making the company achieve the most prestigious national trophies for human resource excellence. We have developed systematic steps to handpick, motivate, and collaborate with the best human resources in various organizational positions. Bright minds are always welcome in MAPNA. Now, in less than three decades, more than fourteen-thousand of the most capable Iranian human power are working in MAPNA. Their enthusiasm and sense of belonging to the organization represents a deep unity and integration inside the beating heart of Iran’s industry. Along with this valuable solidarity, customers are acknowledged as the most rightful stakeholders in MAPNA’s business as the company’s ultimate goal is to gain their satisfaction and protect their rights. Therefore, the entire family of MAPNA adheres to the organization’s ethical responsibilities in respecting all material and intellectual rights of their customers in all professional aspects. Research and Development: Knowledge-based Progress Just like a university, the fundamentals of organizational culture in MAPNA have always had their roots in continuous improvement of science and technology from the very first days up to now. Expanding activities and capabilities, past and present managers of this huge conglomerate have established an organized and integrated roadmap to drive, synchronize, and maintain all knowledge-based achievements, experiences, and efforts based on a deep understanding of the current state of affairs. Creation and constant improvement of infrastructures and process of research and development have led to creation of sustainable and comprehensive added value for all customers as well as progressively better quality and quantity of products, services, and solutions. MAPNA cares about customers’ feedbacks and suggestions and takes this interaction as an opportunity to raise the knowledge-based spirit of its business and to meet the customers’ key demands. Above all, the ultimate beneficiaries are always those people who would feel tangible impacts of development on their lives. Based on this guideline, the most important topics of research and development in MAPNA have been determined as below: • Reducing operations & maintenance costs • Reducing manufacturing costs • Reducing emissions • Identifying and responding to market demands • Increasing productivity • Increasing production and manufacturing capacity • Design and manufacture of water power cogeneration systems Social Responsibility MAPNA acknowledges that social responsibility brings along mutual benefits; it builds a more solid ethical practice within the organization as well as benefiting the external stakeholders including society and environment. We have developed a multi-faceted prism in order to fulfill our social responsibilities. Investment in projects which are based on clean development mechanism (CDM), and developing solutions based on renewable energies have been on our agenda. Cogenerating power and fresh water, developing distributed units, and converting thermal power plants into combined cycle power plants are a small part of our serious efforts to achieve goals defined in our social responsibility charter. While observing environmental values and indicators of H.S.E, MAPNA family is making efforts to sustain and improve efficiency of its products, services, and solutions through cooperation with international companies in possession of relevant technologies. In the meantime, following our deep belief in bringing satisfaction to various social groups including community activists, suppliers, partners, owners, media representatives, and above all, customers, an efficient structure has been developed for regular assessment of stakeholders’ satisfaction and to analyze these assessments properly. Excellence: Present and Future Our strict commitment to comprehensive excellence in both terms of quality and quantity has brought the company significant achievements. Winning the title of “Pioneer Holding” from Top Holdings’ Evaluation Committee, achieving the first rank among all Iranian contractors in Industrial Management Organization assessments and evaluations, and being ranked 28th among one hundred top Iranian companies in terms of sales value in 2014, are just a part of our honors and achievements. Several agreements with well-known international companies to exchange technical knowledge, project management, and establishing joint ventures are among other indicators of our great commitment to constant improvement of MAPNA Group’s products and services. Future horizons becomes clear when systematic strategies direct alignment and synergy between potential and active organizational capabilities. Possessing the knowledge and ability required for sustainable and powerful presence in new markets and emerging fields, Thus, we have contemplated thorough plans to develop new businesses which will be unveiled in near future. Milestones Execution of +100 projects with an aggregate value of 30 billion euros Top 100 of Middle East companies according to MEED report Leading general contractor according to Industrial Management Institute (IMI) report Active bidder in international tenders in Syria, Iraq, Lebanon, Algeria, Malaysia, Oman, Pakistan, and Indonesia Holder of national record for the fastest complete overhaul operation (36 days for one gas-fueled unit in South Isfahan Power Plant) Top brand in the 1st national assessment of Iranian brands Winner of the human resource excellence award in 2010 Executor of more than 60 thousand megawatts of domestic and international power projects (synchronized, under construction and

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